Page History: T4 Custom Strategies
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Page Revision: 2015/11/20 12:46
TradeSniper is a client side application that allows the user to create, chart, and trade custom strategies and spreads. Orders rest on the user’s PC, not on CTS servers, and they are not submitted to the exchange until the specified market conditions have been met, i.e. an order that is 8 bid will not be submitted until there is an 8 offer or better in the market. TradeSniper is not an autospreader and will not cancel and replace orders at the exchange.
TradeSniper can be enabled by the user by logging into www.t4login.com with the user’s firm, username and password. The functionality can then be chosen in the Setup User page, found in the menu on the left. Firm admins can also enable TradeSniper on behalf of their users.
Quick Start Guide
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To enable the TradeSniper a firm admin can enable the role on the user setup page, or the user can go to
t4login.com and enable the user themselves in the user setup page. Once enabled, you can click on the new items dropdown to select the TradeSniper.
The TradeSniper is a client side application. Orders are not held on the server
From the custom strategies window you can create a strategy from an existing template or you can create your own from scratch.
- Description- You can give your spread a unique name.
- Quotation Method- You can select from Price, or Net change.
- Quotation Pricing- You can select from Cash, Ticks, Decimal, or Yield.
- Enable Advanced Pricing- You can turn on advanced price calculation parameters.
- Match Expiries- can be set to adjacent or nearest adjacent expiries.
- Add leg to Strategy- Click add new leg button to add the first leg.
- Fixed Market (optional)- Optional fixed market for this leg. This is useful when creating specialized spreads
- Leg Side- Set whether this leg is bought or sold relative to the spread.
- Trade ratio- How many contracts of this leg should be bought or sold for a single spread trade.
- Leg Multiplier- Multiplier to apply to this leg’s price when computing the spread.
- Once the spread has been created you can select it and click Quotes to open a contract window. You can also open a Chart, Market Profile, Market History, or Spread Matrix window from here.
- From the new window dropdown you can select the leg contracts of the spread which will bring up a ladder for each market.
- You can also select chart and it will bring up a chart of the spread you created.
- Spread editor- clicking this icon allows you to quickly pull up your strategy editor. You can quickly view the parameters and legs of the spread from this window.
