Page History: Quick Start Guide
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Page Revision: 2015/11/20 12:32
Open the new item dropdown menu (1) in the grey bar and select TradeSniper (2) to open the Custom Strategies window. This is the main TradeSniper window from which all spreads will be created, edited, and launched.
Within the Custom Strategies window there is a section for custom strategies (1) and a section for templates (2). The custom strategies section will list all user created strategies, while the templates section lists all templates provided with the software. Note that the composition and ratios of these templates are subject to change and they should be thoroughly analyzed before any orders are placed in them.
To start a new strategy from scratch, click Create New (3) on the right side. To build a strategy based on one of the existing templates, click the desired template followed by New From Template (4). Both of these buttons will open the Strategy Editor.
Within the Spread tab (1) of the Strategy Editor, give the new strategy a name in the Description box (2). Then click the Legs tab (3) to configure the legs of the strategy.
Click the Add New Leg button (1) to add the first leg of the strategy. Repeat this step until all legs have been added. If just two legs are chosen and both legs are of the same product, the Market Generation Mode (2) will need to be changed to Sequential Calendar Expiries, or the Fixed Market dropdowns (3) will need to be changed to specify the desired expirations for each leg. Next choose whether each leg is being bought or sold by changing the Leg Side dropdown (4). If you plan on executing orders through the TradeSniper, be sure to adjust the Trade Ratio (5) to reflect the number of contracts of each leg you would like to buy or sell for each 1 lot placed in the strategy. Changing this factor will not change how the price of the strategy is calculated. Instead, adjust the Leg Multiplier (6) to change the price calculation. For example, if a particular strategy is quoted by multiplying the first leg’s price by 2 and subtracting the second leg’s price as-is, the first leg would have a leg multiplier of 2 while the second leg would remain at 1. Once the parameters have been set, click the Create/Update button (7) to save the strategy or click the Cancel button (8) to return to the Custom Strategies window without saving.
After a custom strategy has been created, it can be edited by selecting it and clicking the Edit button (1). To see quotes for a strategy, select it from the Custom Strategies window then click Trade (2). To open other windows for the selected strategy, select it and click Chart (3), Market Profile (4), or Market History (5). The Spread Matrix (6) button will provide the option to open a spread matrix window for any of the legs of the selected strategy. The Quote Snapshot (7) will provide detailed information that breaks down the spread quotes into the constituent leg quotes and volumes for each depth level.
Within the contract window for a custom strategy, the dropdown menu (1) will contain three new features. Leg Contracts (2) will open additional contract windows for each of the legs of the strategy. Snapshot Quote (3) will open a new window that breaks down the spread quotes into the constituent leg quotes and volumes for each depth level. The Strategy Definition button (4) will open a view-only version of the Strategy Editor to display the complete strategy configuration at a glance.
