Common use of Order Management Clause in Contracts

Order Management. This involves the selection of the type of order (market or limit) that will be used for entering the position as well as other options that control order placement and processing. These include the following settings: • Entry Order Type – Select market or limit orders • Action On Opposite Signal – This tells the software wat to do if an opposite signal occurs while there is still an open position from the previous signal. The options are: o Reverse – Close the current position and take the trade in the opposite direction based on the new signal o ExitOnly – Close the current position but do not take the new trade o None – Ignore the new Signal and allow the current open position to continue • Limit Pre-Order Gap Bars – This tells the software how to handle timestamp anomalies when using exotic bartypes • Max Pre-Order Gap Bars – This places a tolerance limit on timestamp anomalies occurring while using exotic bartypes • Allow Entries on Exit Bars – Because the algo uses intrabar entries, you can prevent an entry when a Signal occurs on the same bar where the previous trade exited • Auto Disarm – This offers a semi-auto trading mode where you must first arm the algo before any trade can be taken and the algo automatically disarms after each exit • Run Type – This is where you choose to process historical or live data or both These are covered in more detail in a later section “Core Engine Components”. At this point, everything needed to identify a Trade Signal and then enter, manage, and exit the trade has been configured. No further steps are needed for autotrading to commence. However, there are a variety of Signal filters which are available to improve trade selection. While it is not necessary to use any of them, most traders will use some combination of Signal Filters to improve performance. One of the main benefits of a comprehensive Algo Trading System is to be able to take a quality trade setup and improve upon it by using specific filters which can be optimized and forward tested. Here are the available Signal Filters: • Time Controls – Control the times of the day where trading is allowed • Day of Week Filter – Control the days of the week where trading is allowed • Skipped Days Filter – Disable trading on specific days when performing Backtests • Misc. Filter – Limit how many consecutive trades are allowed in one direction • Moving Average Filter – Apply trend filters to prevent trading against the trend

Order Management. This involves the selection of the type of order (market or limit) that will be used for entering the position as well as other options that control order placement and processing. These include the following settings: • Entry Order Type – Select market or limit orders • Action On Opposite Signal – This tells the software wat to do if an opposite signal occurs while there is still in an open position from the previous signal. The options are: o Reverse – Close the current position and take the trade in the opposite direction based on the new signal o ExitOnly – Close the current position but do not take the new trade o None – Ignore the new Signal and allow the current open position to continue • Limit Pre-Order Gap Bars – This tells the software how to handle timestamp anomalies when using exotic bartypes • Max Pre-Order Gap Bars – This places a tolerance limit on timestamp anomalies occurring while using exotic bartypes • Allow Entries on Exit Bars – Because the algo uses intrabar entries, you can prevent an a second entry when a Signal occurs on the same bar where the previous trade exited • Auto Disarm – This offers a semi-auto trading mode where you must first arm the algo before any trade can be taken and the algo automatically disarms after each exit • Run Type – This is where you choose to process historical or live data or both These are covered in more detail in a later section “Core Engine Components”. At this point, everything needed to identify a Trade Signal and then enter, manage, and exit the trade has been configured. No further steps are needed for autotrading to commence. However, there are a variety of Signal filters which are available to improve trade selectionselection and therefore trade expectancy. While it is not necessary to use any of them, most traders will use some combination of Signal Filters to improve performance. One of the main benefits of a comprehensive Algo Trading System is to be able to take a quality trade setup and improve upon it by using specific filters which can be optimized and forward tested. Here are the available Signal Filters: • Time Controls – Control the times of the day where trading is allowed • Day of Week Filter – Control the days of the week where trading is allowed • Skipped Days Filter – Disable trading on specific days when performing Backtests • Misc. Filter – Limit how many consecutive trades are allowed in one direction • Moving Average Filter – Apply trend filters to prevent trading against the trend