TradeStation Chart Trading is an application that allows you to quickly and easily place trades, manage positions, and manage orders from a chart. It integrates click-and-drag order placement functionality, keyboard trading, and an ease-of-use trading panel to a Chart Analysis window.
Similar functionality as above is available in the Mobile and Web Trading versions of TradeStation.
To apply chart trading to the active chart in the desktop platform, select Chart Trading from the shortcut menu or click the Chart Trading icon from the Chart Analysis toolbar. The Chart Trading panel appears and docks to your chart window. Using Chart Trading also appears with popular speed keys for placing trades.
If the Chart Trading icon does not appear on the toolbar, use the View > Application Toolbar > Customize menu sequence (main menu) to access the Customize dialog, and under the Commands - Chart Analysis Toolbar category drag Chart Trading to the position you want the icon to appear on the Chart Analysis toolbar.
Trades can be placed by clicking on the various order entry buttons in the Order Panel or by clicking directly on the chart. The chart trading order bar is much like the Quick Trade Bar and integrates click-and-drag order placement functionality that is similar to that found in the Matrix.
Placing Orders Using the Chart Trading Panel
Enable keyboard trading - When checked, allows keyboard trading using mapped keys.
Edit keyboard mapping - Accesses the keyboard mapping dialog.
Preview OCO EXIT orders - When checked, allows you to preview OCO exit orders before placing the trade.
Disable - When checked, disables the order panel.
Settings - Displays the Chart Trading settings dialog.
Help- Displays online help.
Place Orders by Clicking in a Chart
When placing orders by clicking on the chart, Ctrl + Left Click mimics the behavior of clicking on the bid side in the Matrix window and Alt + Left Click mimics clicking on the ask side in the Matrix window.
- Open orders can be moved to new price levels by simply dragging and dropping their corresponding order lines.
- Right-clicking an order line will allow you to edit the order's quantity and/or price using the Edit Order dialog (see below). From this dialog, you can also covert the order to a market order or cancel the order.
- Selecting an order line and pressing the delete key will cancel the order.
The following table summarizes the various key and mouse click combinations that may be used to place orders by clicking directly on the chart:
|Key + Mouse Click Combination||Order Action|
|Ctrl + Left Click (Above the Ask)||Buy Stop Market @ selected price|
|Ctrl + Left Click (Below the Ask)||Buy Limit @ selected price|
|Alt + Left Click (Above the Bid)||Sell Limit @ selected price|
|Alt + Left Click (Below the Bid)||Sell Stop Market @ selected price|
|Shift + Left Click (Above the Ask)||Buy Stop-Limit @ selected price (stop is at selected price, limit is set by offset amount set in the Chart Trading settings dialog (see below)|
|Shift + Left Click (Below the Bid)||Sell Stop-Limit @ selected price (stop is at selected price, limit is set by offset amount set in the Chart Trading settings dialog (see below)|
|Drag & Drop Open Order Line||Cancel/Replace Price|
|Right Click on Open Order Line||Edit Order Quantity and/or Price|
|DELETE key on Open Order Line||Cancel Order|
Place Orders using the Keyboard
At the bottom of the Chart Trading panel is the Enable keyboard trading check box that allows you to use the keyboard to place orders. See keyboard trading for more about this feature and keyboard mapping for actions that can be mapped to keys.
Edit Order Dialog
The Edit Order dialog allows you to modify the properties of an open order selected on a chart.
Access by right-clicking on an open order line in the chart.