On Bid or Offer Activation Orders will be held in the T4 server until the market trades at or below (or at or above) the activation price based on the bid or offer size at that price based on what is entered in the Activation Menu. When this condition is met, the order is released to the exchange.
To place an Activation On Bid or Offer order, click the ACT
Button in the toolbar of the contract window to bring up the below menu and choose Trade.
TIP: The ACT Button will turn orange when it is active.
- Bid/Offer Select if you want to choose bid or offer volume for the trigger.
- Price Click the up and down arrows to Set the Activation price
- Volume Set the amount of bid or offer volume at the activation price before the order is activated. Note that if the market trades through the activation price the order will be activated regardless of bid or offer volume.
- Real and implied Depth Select if you want the volume to include Implied volume to trigger the order.
- At or Above The market must trade at or above the price specified for the order to trigger.
- At or Below The market must trade at or below the price specified for the order to trigger.
- Activation Cancel Time This allows you to cancel your acitivation order if it is not triggered within the specified time. Please Click here to see how to set the Activation Cancel Time. Note: this is only available for Price, and Bid/Offer Activation orders.
- Order Cancel Time Allows you to have your order canceled at a certain time. Please click here to see how to set the Order Cancel Time.
To place the order:
- Choose the quantity of the order in the "L:" box, or you can use the Volume Bar.
- Confirm the Activation Mode settings.
- The final step which places the orders is to click in the Bid column to buy or the Offer column to sell.
Confirm order has been submitted
You will
not see the orders in the "My B" or "My O" columns as they are held on the server until the specified time conditions are met. You will see the orders in your order book under the "All" or "Held on Server" tabs.
To see when each order will enter the market you can add the "Activation" column to the order book via the properties.
