TradeStation Help

Order Entry Preferences - Options - Trading

Use the Options - Trading dialog to set the default settings for regularly used values and order execution selections when placing Options orders. This section will provide the flexibility in setting the preferences for regular session, outside regular session, quantity, and price. In addition, you will be able to enable short selling from the order bar as well as set the preferences for the OCO/OSO settings.

Access using the menu bar File > Preferences > TradeStation Order Entry menu sequence and select Options > Trading.

Order Type/Route/Duration

Controls the default values that are inserted into the matching Order Bar fields when you click the Default button on the Order Bar or when the Order Bar is first created. For windows with a Trade Bar, the default settings apply when a window is created. You can choose the default values for the Order Type, Route, and Duration boxes.

Order Type - Select the order type that will be displayed in the Order Type field of the Order Bar when Default is clicked.
Route - Select the order route type that will be displayed in the Route field of the Order Bar when Default is clicked.
Duration - Select the order duration that will be displayed in the Duration field of the Order Bar when Default is clicked.

Quantity

Controls the default settings for the quantity values used in the Order Bar and Trade Bar fields when the Order Bar or associated window are first created. These values will not automatically change when the Order Bar or Trade Bar are updated or when switching from regular to outside regular sessions.

Fixed Contracts(#) - Select to specify that the order quantity will represent the number of contracts for the order.
Dollars per Trade($) - Select to specify that the order quantity will represent the approximate dollar value of the order. The number of contracts to purchase is calculated based on the current bid/ask price.
Amount - Type the value (contracts or dollars) that will displayed in the Quantity field of the Order Bar or Trade Bar when the Order Bar or Matrix window is first created. You can also use the Amount arrow $image\spin_up_button.gif$ and $image\spin_down_button.gif$ buttons to increase or decrease the value. Separate values may be entered for contracts and dollars.
Increment - Select an increment value from the drop-down list for the amount (contracts or dollars) to increase or decrease each time you click the Order Bar Quantity arrow $image\spin_up_button.gif$ and $image\spin_down_button.gif$ buttons.
Acceleration - Select an acceleration value (contracts or dollars) from the drop-down list for the amount that you want the quantity to increase or decrease when selecting the arrow $image\spin_up_button.gif$ and $image\spin_down_button.gif$ buttons.

Price

Controls the default settings for the price values used in the Order Bar and Trade Bar fields when the Order Bar or associated window are first created. As with the Quantity section, the values will not automatically change when the Order Bar or Trade Bar are updated or when switching from regular to outside regular sessions.

Increment - Select an increment value from the drop-down list for the amount that you want the price to increase or decrease each time you click the Order Bar Limit Price arrow $image\spin_up_button.gif$ and $image\spin_down_button.gif$ buttons.
Acceleration - Select an acceleration value from the drop-down list for the amount that you want the price to increase or decrease when selecting the arrow $image\spin_up_button.gif$ and $image\spin_down_button.gif$ buttons.

OCO/OSO Settings

The Preferences button controls the OCO/OSO Preferences dialog for Equities, Options, Futures, and Forex. This includes formatting the OCO/OSO template settings.

Preferences - Changes the OCO/OSO Template Preferences.

Click OK to apply changes or Cancel to exit without changes.