Data Assumptions:
|
Label |
Value |
|
$26.31 - $26.32 |
|
|
Action |
Buy |
|
10,000 |
|
|
400 |
|
|
$26.28 |
|
|
.02 |
|
|
Order Type |
Limit |
| Create profit taking order | Check to enable |
| Profit Offset | 0.20 |
| Restore size after taking profit | Check to enable |
The Restore Size feature restores the component size at a specific price level after the opposite side order for the price level fills.
In this example, the order is scaled into 25 components of 400 shares each.
The first 400-share component is submitted at $26.28. After this level fills, the next limit order for 400 is submitted at $26.26, and at the same time an opposite-side profit order is submitted for 400 at $26.48 (component price + profit offset).
Once the sell order fills at $26.48 taking the profit, the filled quantity of 400 is put back in to the original order at its same price level of $26.28, and the $26.26 price level component is canceled.
Note: When using the Restore size feature, you may want to consider making the profit offset closer to the price increment to help ensure the orders fill.