ScaleTrader Profit Orders

Enter a Profit Offset amount on the order line to Use the Profit Orders section of the Order Ticket - Scale tab to specify advanced profit order instructions. Follow the instructions below AFTER you have created a scale order on your trading page.

To activate scale profit orders

1. From the scale order line, ensure that the Scale Profit Offset field is visible.

1. Click the Configure wrench icon on the far right side of the trading window to open Trading Window configuration.

2. Click the Order Columns tab.

3. In the Available Columns list, scroll down to the Scale Orders section and select Scale Profit Offset.

4. Click the Add button to move the field into the Shown Columns list. Click OK.

2. Enter a value in the Scale Profit Offset field.

This amount is added to (a BUY scale order) or subtracted from (a SELL scale order) per unit price of a component, to create your minimum acceptable profit for exiting a position. For example, assume your Scale Profit Offset is $2.00.  If a 500-unit BUY component fills at 28.26, ScaleTrader submits a 500-unit SELL component at a limit price of 30.26.

Notes on Profit Orders

• ScaleTrader will not submit a profit order until the original scale component, or a portion of the component, executes.

• Profit orders are always scaled to the Subsequent Component Size (if it is different from Initial Component Size).  For example, for a 10,000 lot order with a 2000 initial component size and 1000 subsequent component size, the profit orders submitted in response to the 2000 initial order execution would be 1000 at fill price +/- profit offset, and 1000 at the next price increment +/- profit offset.

• Once transmitted, you cannot modify any part of the profit order.

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