MD Trader®

Configuring MD Trader

Configuring MD Trader

To configure MD Trader:

  1. Right-click anywhere in the MD Trader widget outside of the price ladder to open the context menu and select Settings....

    The Settings: MD Trader screen opens.

  2. In the Settings: MD Trader screen, configure the following settings:

  3. Click Apply and Save.

    Note: To make an MD Trader widget's settings the new defaults for subsequently opened MD Trader widgets, click Save as default before saving.

Setting context menu options

To set context menu options:

  1. Right-click in the MD Trader widget to open the context menu.

  2. On this menu, you can select the following options:

    • Show/Hide Order Pane — Shows/hides the order pane, which contains all order entry options for the widget.
    • Show/Hide Header Pane — Shows/hides the header pane, which contains market data for the selected instrument in the widget.
    • Open — Opens additional widgets for the instrument:
      • Time & Sales — Open the Time & Sales widget for the selected instrument. For multiple instruments in MD Trader, click the tab for the instrument, first, then select Time & Sales from the context menu.
      • Chart — Opens a chart for the selected instrument. For multiple instruments in MD Trader, click the tab for the instrument, first, then select Chart from the context menu.
    • VAP — Exposes the VAP column to show volume-at-price data for each price level:
      • Show/Hide VAP — Shows or hides the column.
      • Show bars — Shows or hides the VAP bars when VAP is shown.
      • Split bid/ask volume — Displays the bar with blue and red to indicate the relative bid and ask quantities.
      • Show values — Displays the total VAP as a number.
      • Reset VAP — Resets the VAP counter for the widget and starts displaying VAP data that occurs after the reset. The VAP column header is hightlighted to indicate that the widget is displaying partial VAP data.
      • Restore VAP — Cancels the effect of a VAP reset and restores the display of VAP data to include historical values. Restoring VAP also clears the column heading highlighting.
    • Show/Hide PIQ — Shows or hides the PIQ column.
    • Setttings... — Opens the MD Trader settings menu.

Adding custom action buttons

If you frequently use one or more order types, you can add buttons to an MD Trader widget that automatically set the order type or TIF in place of selecting it from the order type drop-down. You can add buttons for:

  • Exchange order types
  • TT order types
  • User-defined Order Ticket algos
  • User-defined Synthetic order algos
  • Time-in-Force (TIF)

For example, if you frequently submit Stop Limit orders and TT Time Sliced orders and use a Good-Til-Cancel TIF, you can add custom action buttons as shown below.

When you click a custom order type button, it automatically sets the order type and disables the drop-down. It remains active until you de-select the button or select a different order type, so you can quickly place multiple orders without having to select the order type.

Adding a TIF button lets you quickly set the time-in-force instead of selecting one from the drop-down.

To add a custom action button:

  1. Right-click in the MD Trader title bar and select Settings.

    The custom action buttons are created using the Set custom action buttons option in the MD Trader settings.

  2. Click Set custom action buttons.

    The custom action buttons pop-up screen displays.

    Note: You can also right-click in the order entry area and select Edit custom action buttons from the context menu.

  3. Click "+" and click the drop-down arrow in the Type field to select an order type or TIF.

  4. Click the Label field to customize the button name. Check the Preview column to verify how the title will appear on the button in MD Trader.

  5. Click "+" and click the drop-down arrow in the Type field to select an order type or TIF.

  6. Click the Label field to customize the button name. Check the Preview column to verify how the title will appear on the button in MD Trader.

  7. If you have created order templates for a TT Order Type or custom algo, you can select the template to assign to the button. When the button is clicked, the order will automatically use the values defined in the template, and will not display the fly-out.

  8. Click OK and Apply.

    The custom button appears in the MD Trader order pane. Click Save to exit settings and save the changes.

Configuring row height in MD Trader

You can customize the row height in MD Trader by dragging the price ladder column with the left mouse click while holding down the Shift key.

To restore the default row height, right-click in MD Trader to open the Settings menu and click the Reset | Apply buttons.

Configuring MD Trader columns

You can choose which columns you want to display from the MD Trader Settings, or you can use the context menu from the column headings. You can also set the bold font and text alignment for each column.

Note: If the widget level bold setting is enabled, the column-level bold option is not available.

To configure the columns you want to show:

  1. Click the right-mouse button in the title of a column and select Edit columns from the context menu.

    The available columns dialog appears.

  2. Select the columns you want to display.
  3. To set bold font for a column, click next to a column in the context menu. When bold is active for a column, the button will be highlighted ().
  4. To set the text alignment for a column, click to the right of the column name to cycle through the left, centered, and right text alignment settings. You can also adjust the arrangement of your columns by clicking and dragging each column name.
  5. Click OK

Resizing the MD Trader Order Pane

You can resize the order pane in MD Trader by dragging the right edge of the pane with a left mouse drag. When you release the left mouse button, the price ladder resizes to accommodate the resized order pane.

To restore the default order pane width, right-click in MD Trader to open the Settings menu and click the Reset | Apply buttons.

Scrolling the order entry panel in MD Trader

Using the mouse scroll wheel, you can scroll up/down in the MD Trader order entry panel.

Show/hide order entry panel buttons and controls

To show/hide the buttons and controls in the MD Trader order entry panel, right-click in the order entry panel and click Show/hide to select a button or control. Check the checkbox next to a button or control to show it, or uncheck to hide it.

Adjusting font size in MD Trader

To adjust the font size of the MD Trader columns, press and hold the Shift+Ctrl keys while dragging the mouse up or down in the price ladder.

Highlighting the inside market in MD Trader

To highlight the inside market, right-click in MD Trader to select Settings: MD Trader and click the Highlight Inside Market setting. When this setting is checked, the best Bid and Ask price cells in the price column are highlighted based on the color settings for the widget. The default color is red for the best Ask price, and blue for the best Bid.

Showing separate working order columns

You can optionally separate the Work column into two separate columns for working Buy and Sell orders. To show the separate columns, right-click on the MD Trader column headers, select Edit columns..., and check the Work Asks column.

When this column is shown, the Work column (that normally displays both working Buy and Sell orders) displays only working bids and its header changes to WorkB. Working Sell orders are displayed separately in the WorkA column.

Moving the cancel buttons in MD Trader

You can move the cancel buttons from the left panel to the bottom of the MD Trader grid. To move the buttons, right-click in the left panel and select Move cancel buttons to grid. To move the buttons back, right-click again in the panel and select Move cancel buttons to left panel.

Marking price levels in MD Trader

In the MD Trader price column, you can easily mark specific price cells to indicate levels of technical indicators, support/resistance levels, or reminders of important price points.

To mark a price level, use Alt + left-click on a price cell in the column. To set the color, use the Colors | Background (Marked Price) option in MD Trader Settings. The default color is yellow. Use "Alt + left-click" on a marked price cell to clear it.