This package improves our standard FV Keyboard Execution addon and was designed to provide traders with execution commonly offered on other platforms, including client requests along with adding some of the more advanced features as seen on professional execution platforms.
Currently this addon is in BETA and is only supported if you are connected to PAPER or SIM Trading. We are using user feedback to fix issues and will update to LIVE trading in the near future.
* Tested and Supported on Rithmic only
* Please read important notice prior to use at the end of the feature description.
Keyboard shortcuts: User assignable keyboard shortcuts for quick execution using Bookmap’s Trading Control Panel functions
- Join Bid/Ask
- Buy Bid/Sell Ask
- Buy/Sell Market
- Cancel All
Apart from the Standard Keyboard features we also added the following execution features:
Reset To Limit: when the Bookmap Bracket setting is used and this feature is selected. When a fill for the pending order is detected the Bracket orders will be placed and then will be automatically disabled on Bookmap’s trading panel. This is for those times when a trader may want to scale out/into position using limit orders without sending a new Bracket and offset prices.
Re-enable Bracket (Flat): This feature will re-enable the bracket on Bookmap TCP when a position is closed/flat.
Cancel All (Flat) With this feature enabled, the addon will send a cancel all request when a position becomes FLAT. This helps killing any extra/pending orders.
Cancel Orphan Brackets (Flat): Similar to the previous feature but this one will cancel only orphan bracket orders when a position becomes FLAT.
Update Bracket Orders: enabled the auto update of the child orders quantity of the already pending bracket orders.(used if traders always want a stop and target for each filled order). This setting will offset the bracket orders if you scale out your position.
Breakeven Enabled: enable a function that will automatically move the stop to breakeven.
Breakeven ticks: this will use the detected fill price and move the stop only when the fill price +/- X ticks becomes the best bid or offer.
Move Breakeven +: this will set the stop + X ticks from the fill price detected.
Resize Order Qty: This will reset the default order quantity back to the user default setting after an increase/decrease to the default order size. (Used as a default reset when a trader wishes to temporarily increase order entry/exit size)
Resize Qty Value: this will set the default user defined order size to be used upon the reset.
Move Targets: used to enable the function that will allow the KB to be used to move the target order away from or closer to the initial fill price.
Move Away ticks: this is the qty of X ticks at which the target will move away from the initial fill price each time the key is hit.
Move Close Ticks: this is the qty of X ticks at which the target will move closer to the initial fill price each time the key is hit.
Move Stops: used to enable the function that will allow the KB to be used to move the stop order away from or closer to the initial fill price.
Move Stp Away ticks: this is the qty of X ticks at which the stop will move away from the initial fill price each time the key is hit.
Move Stp Close Ticks: this is the qty of X ticks at which the stop will move closer to the initial fill price each time the key is hit.
Theoretical Price Settings: This will calculate the initial open order fill price +/- any profit or loss and plot a line where the b/e price on the open trade is.
When using manual limit orders to force an exit before the market reaches your stop/target orders , extra caution is to be taken with bracket stops/targets orders that are in close proximity to the last trade price in volatile markets in that you may be flat and then inadvertently have your resting orders swept into a position before BM receives/shows the brackets orders whereby the Addon will have time to cancel before the market reaches those orphan orders. This is predominantly why it’s still in beta as we work towards a better solution until BM decides to add bracket awareness code to the core platform