Description
Algorithmic Trading (also known as Strategy Trading) uses a dedicated 3rd party server to automatically execute given certain rules and parameters.
Technically, the algorithmic engine runs on a server for a 3rd party vendor. The trading provider programs this server by defining a number of named Strategies. For each Strategy a number of input parameters is defined. The list of available strategies and their parameters is sent to the end user during the login process. The user selects from the list of strategies, fills in the mandatory parameters and sends the order to the server. Then the algo server monitors conditions such as market prices, volumes, time etc and enters and cancels orders to try and fulfill the purpose of the strategy.
Access requirements
•Access to Trading server with Algo support
•Access to Algo Trading feature
How to access
•Select the Strategy page of the Trading window
Technical information
A strategy and each strategy field has a name that is displayed in the Strategy page of the New Order window.
A strategy and each strategy field can have a server-configured description or explanation that is displayed as a hint when the mouse rests over the field
A strategy can be marked as default - this will be the selected strategy in a new New Order window.
A strategy can be limited to be supported only for a specific Broker (for servers that support Client/Asset Manager/Broker fields)
A strategy can be marked as available only for a specific set of markets
A strategy field can be on of the following field types
•Drop-down list
•String
•Double
•Integer
•Date
•Time
•Boolean
•Price
•Volume
A strategy field can be limited to be displayed only for a set of feeds.
A strategy field can have a default value.
A string field can be multi-line.
A strategy field can have constraints such as minimum and maximum value, maximum length and be marked as mandatory.
If the value of a strategy field violates the field's constraints, the field label is displayed in red and the mouse hint will show the constraint limits.