Scale Order Columns

Use these fields to create a scale order.

To display/remove order columns on a page

  1. Right click any column heading on a trading page, and select Customize Layout.

  2. Click the Order Columns tab to view columns.

The columns already displayed on your trading window appear in the Shown Columns list on the left side of the page. The remaining columns are grouped by category in the Available Columns list to the right.

  1. Expand the Scale Orders category in the right pane and Add or Remove fields from the trading window.

Column Name

Description

Scale Orders

Scale Incr.

This amount is used to calculate the per-unit price of each component in the scale ladder. Note that the price increment cannot be negative.

Scale Init

Set the initial component size for the scaled order.

Scale Profit Offset

A value in this field instructs TWS to submit profit-taking orders, and defines the minimum amount of profitability you will accept to exit a position. ScaleTrader will submit an opposite-side profit order against the original order, using the limit price of the parent component plus/minus the profit offset. For example, if you submit a 10,000 share BUY limit order at $65.00 with a component size of 1000, and enter $15.00 as the Scale Profit Offset, as soon as the first component executes, TWS will submit a 1000 share SELL limit order at $80.00. Use the Scale tab on the Order Ticket to set advanced profit order instructions.

Scale Sub.

Set the subsequent component size for the scaled order. If you leave this field blank, ScaleTrader uses the initial component size.

 

 

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