Difference between revisions of "Commission Rules"

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# Select volume measurement unit from the '''Volume in''' list.
 
# Select volume measurement unit from the '''Volume in''' list.
 
# Select the accumulation period from the '''Reset Volume Counter''' list.
 
# Select the accumulation period from the '''Reset Volume Counter''' list.
## After every trade
+
## '''After every trade''' - commission
## Monthly
+
## '''Monthly''' -
 
# Select real-time or after every trade mode of calculation from the '''Calculate Commission''' list.
 
# Select real-time or after every trade mode of calculation from the '''Calculate Commission''' list.
 
::* '''in real-time'''. Commission is calculated in real-time, after every filled contract inside one order. If your order falls on two or more commission levels, commission will be calculated for each portion and then added.  
 
::* '''in real-time'''. Commission is calculated in real-time, after every filled contract inside one order. If your order falls on two or more commission levels, commission will be calculated for each portion and then added.  
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The strategy buys 3000 contracts - commission = $0.05 * 99 + $0.03 *900 + $0.01 * $2001 = $51.96</div>
 
The strategy buys 3000 contracts - commission = $0.05 * 99 + $0.03 *900 + $0.01 * $2001 = $51.96</div>
  
::* '''after every trade'''. Commission is calculated after the entire order is processed. If your order falls on two or more commission levels, the higher commission level will be applied to the entire order.
+
::* '''after every trade'''. Commission is calculated after the entire order is processed. If your order falls on two or more commission levels, commission level corresponding to the entire order size will be applied.
::* '''once per day'''. Commission is calculated at the end of the calendar day for all orders processed during that day.  
+
<div style="background-color: #E5F6FF;">Example:
 +
 
 +
Commission rules:
 +
 
 +
>0 $1 per Trade
 +
 
 +
>=100 $1.25 per Trade
 +
 
 +
>=1000 $01.5 per Trade
 +
 
 +
The strategy buys 60 contracts - commission = $1
 +
 
 +
The strategy sells 150 contracts - commission = $1.25
 +
The strategy buys 3000 contracts - commission = $1.5</div>
 +
::* '''once per day'''. Commission is calculated based on the number of contracts traded from the first calendar day of the month till the end of the previous calendar day for all orders processed during the current day.
 +
::<div style="background-color: #E3FBE5;">Note: '''Once per day''' option is available only when '''Monthly''' accumulation period is selected in the Calculate Commission list..</div>
 +
<div style="background-color: #E5F6FF;">Example:
 +
 
 +
Commission rules:
 +
 
 +
>0 $1 per Trade
 +
 
 +
>=100 $1.25 per Trade
 +
 
 +
>=1000 $01.5 per Trade
 +
 
 +
The strategy buys 60 contracts - commission = $1
 +
 
 +
The strategy sells 150 contracts - commission = $1.25
 +
The strategy buys 3000 contracts - commission = $1.5</div>
 
:Click '''Add...''' to add new '''Fixed Commission Rule'''
 
:Click '''Add...''' to add new '''Fixed Commission Rule'''
 
:# Enter the volume value into the '''Volume''' field.
 
:# Enter the volume value into the '''Volume''' field.
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:# To delete a Fixed Commission Rule select a rule with the mouse and click '''Delete'.
 
:# To delete a Fixed Commission Rule select a rule with the mouse and click '''Delete'.
 
:# Click '''OK''' to save the rule or '''Cancel''' to cancel the operation.
 
:# Click '''OK''' to save the rule or '''Cancel''' to cancel the operation.
::<div style="background-color: #E3FBE5;">Note: Trade means a filled order</div>
+
::<div style="background-color: #E3FBE5;">Note: Trade means a filled order.</div>
 
To modify an existing rule, select the rule by clicking it with the mouse and click '''Edit'''.
 
To modify an existing rule, select the rule by clicking it with the mouse and click '''Edit'''.
  

Revision as of 14:07, 16 October 2012

Commission Rules allow to configure flexible commission settings templates.

Selecting Commission Rules

To access Commission Rules settings:

  1. Open the Strategy Properties window.

    To open the Strategy Properties window:
    1. Open the Format Objects window.

      To open the Format Objects window, right-click on an empty area of the chart and then click Format Signals.

      The Format Objects window can also be opened by one of the following methods:
        - Select Format in the main menu and click Signal.
        - Double-click any one of the signal's labels on the chart.
        - Position the mouse pointer over any one of the signal's labels on the chart; once the Pointer Pointer.png changes into a Hand Hand.png, right-click the label and then click Format Signals.

    2. Select the Signals tab.
    3. Click Properties to open the Strategy Properties window.
  2. Select the Properties tab.

In the Costs/Capitalization section, in the Commission Rule list, select the Commission Rule.

The default rule is No Commission. Other prebuilt Commission Rules are:

  • 0.01$ per Contract
  • 0.01% per Contract
  • 1$ per Trade
  • Tiered per Month

Commission Rules Manager

Click Manage Rules to open Commission Rules Manager.

To create a new rule:

  1. Click New Rule....
  2. Enter the rule name in the Rule Name.
  3. Select volume measurement unit from the Volume in list.
  4. Select the accumulation period from the Reset Volume Counter list.
    1. After every trade - commission
    2. Monthly -
  5. Select real-time or after every trade mode of calculation from the Calculate Commission list.
  • in real-time. Commission is calculated in real-time, after every filled contract inside one order. If your order falls on two or more commission levels, commission will be calculated for each portion and then added.
Example:

Commission rules:

0-99 $0.05 per Contract

100-999 $0.03 per Contract

>=1000 $0.01 per Contract

The strategy buys 60 contracts - commission = $0.05 * 60 = $3

The strategy sells 150 contracts - commission = $0.05 * 99 + $0.03 * 51 = $6.48

The strategy buys 3000 contracts - commission = $0.05 * 99 + $0.03 *900 + $0.01 * $2001 = $51.96
  • after every trade. Commission is calculated after the entire order is processed. If your order falls on two or more commission levels, commission level corresponding to the entire order size will be applied.
Example:

Commission rules:

>0 $1 per Trade

>=100 $1.25 per Trade

>=1000 $01.5 per Trade

The strategy buys 60 contracts - commission = $1

The strategy sells 150 contracts - commission = $1.25

The strategy buys 3000 contracts - commission = $1.5
  • once per day. Commission is calculated based on the number of contracts traded from the first calendar day of the month till the end of the previous calendar day for all orders processed during the current day.
Note: Once per day option is available only when Monthly accumulation period is selected in the Calculate Commission list..
Example:

Commission rules:

>0 $1 per Trade

>=100 $1.25 per Trade

>=1000 $01.5 per Trade

The strategy buys 60 contracts - commission = $1

The strategy sells 150 contracts - commission = $1.25

The strategy buys 3000 contracts - commission = $1.5
Click Add... to add new Fixed Commission Rule
  1. Enter the volume value into the Volume field.
  2. Enter the commission value into the Commission Value field.
  3. Select commission measurement unit from the list.
  4. Check the Commission Limitscheck box to enable commission maximum and minimum values.
    1. Check the Min Value check box, setup the minimum commission value and select per Contract / per Trade calculation mode.
    2. Check the Max Value check box, setup the maximum commission value and select per Contract / per Trade calculation mode.
  5. Click OK to save the Fixed Commission Rule or Cancel to cancel the operation.
  6. To edit an existing Fixed Commission Rule select a rule with the mouse and click Edit...'.
  7. To delete a Fixed Commission Rule select a rule with the mouse and click Delete'.
  8. Click OK to save the rule or Cancel to cancel the operation.
Note: Trade means a filled order.

To modify an existing rule, select the rule by clicking it with the mouse and click Edit.

To clone an existing rule, select the rule by clicking it with the mouse click Clone....

To delete a rule, select the rule by clicking it with the mouse click Delete.

To save the changes and close Commission Rules Manager click OK

To exit Commission Rules Manager without saving any changes to the rules click Cancel.