Scale Tab

See Also

You can make the basic order you entered on the General tab into a scale order by completing the Scale tab. The following values that you enter on the General tab will affect how your scale order is processed:  Side (Buy, Sell, etc.), Symbol, Quantity, and Price.

  1. Complete the General tab with the following in mind:

  1. Click the Scale tab. You can modify your basic buy/sell order on the Scale tab so that it is executed on a tiered price/quantity basis. By completing the required fields, you determine the incremental change in price for each tier of the scale, and optionally, the incremental change in the quantity bought/sold. The From and To fields (together) indicate the price range of the scale; when you first access the Scale tab, they both reflect the Price entered on the General tab.

  1. Enter the incremental change in price for each tier of the scale in the By field. When you create tiers by adjusting the value in the To field, the price will change by the increment you enter. For example:

Field

Value

Side

Buy

From

116.40 (buy order – the highest price in the scale)

By

 0.01

Price (tiers created)

116.40, 116.39, 116.38, 116.37, etc.

 

Field

Value

Side

Sell

From

116.40 (sell order – the lowest price in the scale)

By

 0.05

Price (tiers created)

116.40, 116.45, 116.50, 116.55, etc.

  1. Click the arrows to the right of the To field to adjust the price range of the scale, and add or remove tiers in the Price Quantity list box.

  2. The Quantity for each tier of the scale order reflects the Quantity entered on the General tab, and the Total Qty is displayed on the left. You can incrementally change the Quantity bought/sold for each tier of the scale order in the Scale % field. Enter the percentage that you want to increase the quantity bought/sold, and the Quantity will reflect the change. The percentage is based on the original Quantity entered on the General tab.

Field

Value

Quantity (on the General tab)

1000

Scale %

0 (10% of 1000 = 100)

Quantity (tiers)

1000, 1100, 1200, 1300, etc.

 

Field

Value

Quantity (on the General tab)

1000

Scale %

25 (25% of 1000 = 250)

Quantity (tiers)

1000, 1200, 1500, 1700, etc.

  1. When you have completed the Scale tab, click [Submit] to submit the order.