Quantity Triggered Stops (QTS) in 7.5

QTS DOMTrader

Another feature in 7.5 is Quantity Triggered Stops (QTS). When you use the QTS order you set a threshold for what the bid or ask size in the exchange order book has to drop below before your stop is sent in. This means that if you have a stop resting below the market, and the market trades down to the stop price your stop order will not be triggered until the size of the bids drops below the threshold level.

You turn on QTS from the Limits & Stops menu in the Trading Preferences. The QTS is selected in the middle of the top of the DOMTrader. This functionality is available for stops and stop limits, and trailing stops and stop limits.

QTSTrigger

Once you select QTS in the DOMTrader, when you place the QTS order, this window opens to set the threshold.

The QTS order should help you be more effective in your trading.

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Thom Hartle’s View of Trading and the Financial Markets