Fade Strategy: Difference between revisions
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[[Image:Fade Strategy on the chart.png|thumb|right|Fade Strategy on the chart]] | [[Image:Fade Strategy on the chart.png|thumb|right|Fade Strategy on the chart]] | ||
[[Image:Fade Strategy in DOM.png|thumb|right|Fade Strategy in the DOM window]] | [[Image:Fade Strategy in DOM.png|thumb|right|Fade Strategy in the DOM window]] | ||
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The Fade Strategy will place two limit orders at the prices (distance) specified, so fading can start when the price moves. A buy limit order will be placed below the current price and a sell limit order above the current price. | The Fade Strategy will place two limit orders at the prices (distance) specified, so fading can start when the price moves. A buy limit order will be placed below the current price and a sell limit order above the current price. | ||
==Appearance== | |||
Fade Strategy orders are displayed as olive drab markers on the chart connected to the order price labels on the price scale with a dotted line and as olive drab markers in the DOM window. | Fade Strategy orders are displayed as olive drab markers on the chart connected to the order price labels on the price scale with a dotted line and as olive drab markers in the DOM window. | ||
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For the '''[[Depth of market (DOM)|DOM window]]''', default Fade Strategy order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu. | For the '''[[Depth of market (DOM)|DOM window]]''', default Fade Strategy order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu. | ||
==Creating Fade Strategy orders== | |||
Create Fade strategy orders by one of the following methods: | Create Fade strategy orders by one of the following methods: | ||
* Drag-and-drop the Fade Strategy icon | * Drag-and-drop the Fade Strategy icon [[File:FADE.png]] '''to the chart'''; or: | ||
* Drag-and-drop the Fade Strategy icon | * Drag-and-drop the Fade Strategy icon [[File:FADE.png]] to the '''[[Depth of market (DOM)|DOM window]]'''; or: | ||
* Right-click at the desired price level '''on the chart''' to see the shortcut menu, select '''Place Order''' and then click '''Fade Strategy'''; or: | * Right-click at the desired price level '''on the chart''' to see the shortcut menu, select '''Place Order''' and then click '''Fade Strategy'''; or: | ||
* Right-click at the desired price level on the '''[[Depth of market (DOM)|DOM window]]''' on the '''Sell''' or '''Buy''' columns to see the shortcut menu, select '''Place Strategy''' and then click '''Fade Strategy'''; or: | * Right-click at the desired price level on the '''[[Depth of market (DOM)|DOM window]]''' on the '''Sell''' or '''Buy''' columns to see the shortcut menu, select '''Place Strategy''' and then click '''Fade Strategy'''; or: | ||
* Right-click the Fade Strategy icon | * Right-click the Fade Strategy icon [[File:FADE.png]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu to see the shortcut menu and click '''Apply Strategy'''. | ||
* Double-click the Fade Strategy icon | * Double-click the Fade Strategy icon [[File:FADE.png]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu. | ||
==Fade Strategy Parameters== | |||
To modify default Fade strategy parameters: | To modify default Fade strategy parameters: | ||
# Right-click the Fade Strategy icon | # Right-click the Fade Strategy icon [[File:FADE.png]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu to see the shortcut menu. | ||
# Click '''Edit'''. | # Click '''Edit'''. | ||
# Modify upper and lower limits values in '''Upper Limit At''' and '''Lower Limit At''' boxes. | # Modify upper and lower limits values in '''Upper Limit At''' and '''Lower Limit At''' boxes. | ||
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Click '''More Parameters >>''' to show '''Qty''' and '''Time In Force''' fields (for more info see [[Chart Trading##Setting Order Quantity|Setting Order Quantity]] and [[Chart Trading#Setting Time in Force|Time in Force]] sections). | Click '''More Parameters >>''' to show '''Qty''' and '''Time In Force''' fields (for more info see [[Chart Trading##Setting Order Quantity|Setting Order Quantity]] and [[Chart Trading#Setting Time in Force|Time in Force]] sections). | ||
==Saving as Template== | |||
To save the parameters as a template: | To save the parameters as a template: | ||
# Open '''Strategy Parameters''' window by one of the following methods: | # Open '''Strategy Parameters''' window by one of the following methods: | ||
#* Right-click the Fade Strategy icon | #* Right-click the Fade Strategy icon [[File:FADE.png]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu to see the shortcut menu, then click '''Save as Template'''; or: | ||
#* Click on the '''Save as Template''' button in the '''Place Strategy''' window when applying the strategy. | #* Click on the '''Save as Template''' button in the '''Place Strategy''' window when applying the strategy. | ||
# Modify default Fade parameters. | # Modify default Fade parameters. |