Global Trade Settings Windows


Introduction

This page documents all of the trading interface settings that are global. Global means that they apply to all charts and Trading DOMs.

General Trade Settings

To open the General Trade Settings window, select Global Settings >> General Trade Settings on the menu.

Notifications >> Open Trade Orders Window when order is Completed (Global Settings >> General Trade Settings)

Opens the Trade Orders Window when an order is completed. This would be when an order goes to a canceled or to an Error state.

Notifications >> Open Trade Orders Window when order is Filled (Global Settings >> General Trade Settings)

Opens the Trade Orders Window when an order is completely filled.

Notifications >> Play Alert When Order Filled (Others) (Global Settings >> General Trade Settings)

The sound file for the selected Alert Number will be played when an order is is filled. A message will be added to the Window >> Alerts Manager >> Alerts Log as well.

To configure the sound for the selected Alert Number, refer to the Alert Sound Settings section in General Settings.

Sending E-Mail Alert on Order Fill: In the Alert Sound Settings in the General Settings window, it is possible to enable an option to send an e-mail message when a particular Alert Sound number is triggered. This e-mail message will contain details about the order fill.

If the order is a Target or Stop order and you have set a specific Alert Number for those, then the sound file for those Alert Numbers will be played instead.

The sound file is played for each individual fill. So if an order fills partially multiple times and these fills occur at the same time, the specified Alert Number will be triggered multiple times and you will have multiple sounds at the same time.

Notifications >> Play Alert When Target Filled (Global Settings >> General Trade Settings)

The sound file for the selected Alert Number will be played when a Target order is filled. A message will be added to the Window >> Alerts Manager >> Alerts Log as well.

To configure the sound for the selected Alert Number, refer to the Alert Sound Settings section in General Settings.

Sending E-Mail Alert on Order Fill: In the Alert Sound Settings in the General Settings window, it is possible to enable an option to send an e-mail message when a particular Alert Sound number is triggered. This e-mail message will contain details about the order fill.

The sound file is played for each individual fill. So if an order fills partially multiple times and these fills occur at the same time, the specified Alert Number will be triggered multiple times and you will have multiple sounds at the same time.

Notifications >> Play Alert When Stop Filled (Global Settings >> General Trade Settings)

The sound file for the selected Alert Number will be played when a Stop order is filled. A message will be added to the Window >> Alerts Manager >> Alerts Log as well.

To configure the sound for the selected Alert Number, refer to the Alert Sound Settings section in General Settings.

Sending E-Mail Alert on Order Fill: In the Alert Sound Settings in the General Settings window, it is possible to enable an option to send an e-mail message when a particular Alert Sound number is triggered. This e-mail message will contain details about the order fill.

The sound file is played for each individual fill. So if an order fills partially multiple times and these fills occur at the same time, the specified Alert Number will be triggered multiple times and you will have multiple sounds at the same time.

Notifications >> Play Alert When Order Canceled (Global Settings >> General Trade Settings)

The sound file for the selected Alert Number will be played when an order is Canceled. To configure the sound for the selected Alert Number, refer to the Alert Sound Settings section. In the Alert Sound Settings, you can also optionally configure an e-mail message to be sent. This e-mail message will contain details about the order cancellation.

Notifications >> Display Confirmation for Order Cancellations from the Trade Orders Window (Global Settings >> General Trade Settings)

When this option is enabled, a confirmation window will be displayed when an order is cancelled from the Trade >> Trade Orders Window.

Notifications >> Open the Trade Service Log When a New Message Is Added (Global Settings >> General Trade Settings)

Some types of trading related messages added to the Trade Service Log will only open the Trade Service Log, if it is not already open, when this option is enabled. These messages would include automated trading information messages. Some types of messages will always open the Trade Service Log when they are added regardless of this setting.

Scale In (Global Settings >> General Trade Settings)

This setting applies to trading Scaling In functionality. When Scaling In functionality is enabled for a chart or Trading DOM, then a setting of Nearest means the orders which are nearest to the current price are increased in quantity when the order for which Scaling In functionality applies, is filled. A setting of Furthest means that the orders which are furthest from the current price are increased in quantity.

For more information, refer to Scaling In on the Attached Orders page.

Scale Out (Global Settings >> General Trade Settings)

This setting applies to trading Scaling Out functionality. When Scaling Out functionality is enabled for a chart or Trading DOM, then a setting of Nearest means the orders which are nearest to the current price are decreased in quantity or canceled when the order for which Scaling Out functionality applies, is filled. A setting of Furthest means that the orders which are furthest from the current price are decreased in quantity or canceled.

For more information, refer to Scaling Out on the Attached Orders page.

Daily Stats Reset Time (Global Settings >> General Trade Settings)

This setting specifies the time of day that all of the Daily Trade Statistics which are based upon the internal Trades list in a chart, and displayed or programmatically used within a chart or Trade DOM, are reset back to 0.

The default is midnight which is 00:00:00.

This setting is relative to the Global Time Zone setting you are using in Sierra Chart.

One of the most common Trade Statistics this setting applies to is the Daily Profit/Loss.

When this is set to a setting other than 00:00:00, and the current time is before this time, then this reset time is considered to be in the prior day.

The Daily Trade Statistics are also displayed on the Trade Statistics and Trade Stats for Charts tabs on the Trade >> Trade Activity Log window. Refer to Trade Activity Log.

Auto-Send Market Order On Rejected Stop Attached Order (Global Settings >> General Trade Settings)

For complete details about this setting, refer to Potential Conditions Which Can Lead to Attached Orders Not Functioning As Expected in Live Trading.

Adjust Attached Orders to Maintain Same Offset on Parent Fill (Global Settings >> General Trade Settings)

When Adjust Attached Orders to Maintain Same Offset on Parent Fill is enabled, the default, then when the parent order fills, the price of each Attached Order will be adjusted to maintain the same offset they had to the parent order price before the parent order filled.

A parent order can fill at a slightly different price than its order price and this is the reason why Attached Orders are normally adjusted upon a parent order fill.

This option has no effect and is considered disabled when server side bracket orders are being used with a Trading service.

For more information about whether server-side bracket orders are used, refer to Management of Attached Orders when Trading Service Supports Server-side Bracket Orders.

When server side bracket orders are used, there is no adjustment of the Attached Order prices when the parent order fills unless the connection to the server uses a Sierra Chart managed DTC connection (currently this is supported with LMAX and CTS when using DTC). In the case where there is no adjustment of the Attached Orders when a parent fills, it is because they cannot be reliably adjusted when the orders are being managed by the server.

Server-side bracket orders can be expressly disabled by unchecking Global Settings >> General Trade Settings >> Use Server Side OCO and Bracket Orders.

Number of Days to Save in Trade Activity Log (Global Settings >> General Trade Settings)

The Number of Days to Save in Trade Activity Log settings set the number of days of order and order fill activity in the Trade >> Trade Activity Log to save between Sierra Chart sessions, when exiting and restarting Sierra Chart.

There are three separate settings for Number of Days to Save in Trade Activity Log. There is a setting for Non-simulated order activity, Simulated order activity and Non-simulated Order Fill activity. It is recommended to keep the Non-simulated Order Fill setting as high as possible to maintain a long-term history of order fills.

The setting is relative to the displayed Date-Time of each line in the Trade Activity Log. For example, if one of the settings is 7, then the related order and fill activity in the Trade Activity Log with a Date and Time that is within the last 7 days from the current computer Date-Time adjusted to the Sierra Chart Time Zone, will be saved. Avoid using too high of a setting other than for order fills so that starting and exiting Sierra Chart does not take a long time.

At the top of the Trade >> Trade Service Log , the following two lines are displayed. The first one indicates the number of Trade Activity records read and inserted into the Trade Activity Log and the number of records filtered.

The second one indicates the earliest Date-Times of Trade Activity data based upon the Number of Days to Save in Trade Activity Log settings, which will be inserted into the Trade Activity Log when starting Sierra Chart.

Trade Activity Log: File read result: 101 records inserted. 0 records filtered.
Trade Activity Log: File date-time limits: Sim records date-time limit is 2016-10-08 00:00:00. Non-sim records date-time limit is 2016-05-05 00:00:00. Non-sim fill record date-time limit is 2015-11-08 00:00:00.

Save Replay/Back Test Trade Activity (Global Settings >> General Trade Settings)

When Save Replay/Back Test Trade Activity is enabled, then trading activity data from simulated trading during a chart replay or Back Test will be saved in the Trade Activity Log file and restored when Sierra Chart is restarted.

Even if this option is not enabled, Replay/ Back Test trade activity will still be listed in the Trade Activity log during a Sierra Chart session. However, when restarting Sierra Chart this data will be lost.

Common Profit/Loss Currency (Global Settings >> General Trade Settings)

This setting is used to convert the Profit/Loss values displayed within a Chart, Trade DOM, Trade Activity Log >> Trades tab, and the Trade Activity Log >> Trade Stats for Charts tab, to the selected currency.

Refer to the image below for an example.

Setting this to a currency other than NONE will display the Profit/Loss values in the selected currency under certain conditions. The steps below define these conditions.

  1. Your Sierra Chart account must have access to the Sierra Chart Real-Time and Historical Forex/CFD Data Service for this feature. Most Sierra Chart accounts have access to this except some broker provided accounts do not.
  2. Select Global Settings >> Symbol Settings.
  3. Select the symbol or symbol pattern in the list of symbols.
  4. Select the Additional tab.
  5. In the Currency field/box, enter the three character currency code the particular symbol trades in. For example USD, EUR, JPY, etc. You can also request Sierra Chart Support to specify the currency code for a particular symbol.
  6. Press OK.
  7. Select Global Settings >> General Trade Settings.
  8. In the Common Profit/Loss Currency list, select the particular currency code you want to display Profit/Loss values in.
  9. Press OK.
  10. Make sure Sierra Chart is connected to the data feed through File >> Connect to Data Feed. This is necessary for the feature to work.
  11. Profit/Loss values in Charts, Trade DOMs, Trade Activity Log >> Trades tab, and the Trade Activity Log >> Trade Stats for Charts tab for symbols with a currency code specified through the Global Symbol Settings, now should be displayed in the common profit/loss currency. The currency they are displayed in is displayed after the Profit/Loss value. Example: EURC. The letter C stands for currency.

Use Last In First Out Fill Matching (Global Settings >> General Trade Settings)

This setting applies to the matching of order fills for the building of the Trades list which is used for various Trade Profit/Loss, Trade Statistics and Trade Position Average Price calculations. A Trades list is used both in the Trade Activity Log and in charts which are maintaining their own Trades list.

For complete documentation about this setting and the related documentation, refer to Order Fill Matching Methods.

After changing this setting, for the new setting to be used in the Trade >> Trade Activity Log it is necessary to go to the Trade Activity Log and select Edit >> Refresh Log on the Trade Activity Log menu.

After changing this setting, in the case of a chart, it is necessary to go to the chart and select Chart >> Reload and Recalculate.

Hold Limit Attached Orders on Client-Side Until Touched (Global Settings >> General Trade Settings)

When this option is enabled, then Attached Orders of type Limit or Market if Touched are held on the client-side until the price is touched by the current trade price. This feature is useful if the trading service you are using does not support server-side OCO (order cancels order).

The reason this is useful is for two reasons. If the trading server does not support server-side OCO and there is a loss of connectivity to the trading server, then there is no chance of both the Target and Stop orders both becoming filled.

The second reason is that the trading server is only aware of the Stop order, so it will not treat both orders regarding margin calculations as 2 separate orders.

Use Server Side OCO and Bracket Orders (Global Settings >> General Trade Settings)

It replaces the Trading service specific Use Server OCO options previously found in Global Settings >> Data/Trade Service Settings for some of the supported Trading services.

This option only applies to Trading services which support server-side OCO and bracket orders. Also, some services may support server-side OCO and not server-side bracket orders. In which case Sierra Chart will manage the bracket order until the parent order completely fills.

When this option is enabled, then if the Trading service supports server-side OCO (order cancels order) orders, then the Trading service server-side OCO functionality will be used when OCO orders are sent.

When this option is enabled, then if the Trading service support server-side bracket orders, then the Trading service server side bracket order functionality will be used when the bracket order is sent.

When this option is enabled and the server supports server-side OCO, then you will know that the OCO is managed by the server because you will not see a message on the Confirmation window indicating that the OCO functionality is managed locally.

When this option is enabled and the server supports server-side bracket orders, then you will know that the bracket order functionality is managed by the server because you will not see a message that says You must stay connected until the main order is fully filled, for the Attached Orders to become fully active and sent to your Trading service.

Use Bid/Ask for Open P/L Calculations (Global Settings >> General Trade Settings)

When this option is enabled, the current Bid and Ask prices are used to calculate the Open Profit/Loss in a chart or Trade DOM for the current Trade Position. A Long Position will use the Bid price and a Short Position we use the Ask price.

Hold Market Order Until Pending Cancel Orders Are Confirmed (Global Settings >> General Trade Settings)

When this setting is enabled, then a Market order which is submitted as a result of a Flatten or Reverse action is held until working orders which have been canceled at the same time are confirmed to be canceled. At that time the Market order is immediately transmitted to the external Trading service.

Keep in mind, that if there is no confirmation from the external Trading service that the orders which have been canceled have actually been canceled, the Market order will never be sent. So there is some risk with using this option.

The reason for this option is to solve the problem documented in the Rejected Market Order When Using Flatten or Reverse Because of Position Limit Exceeded section.

This setting also applies to all automated trading actions which perform a flatten or reverse action.

Number of Simulation Accounts (Global Settings >> General Trade Settings)

This setting specifies the number of Trade Simulation accounts that Sierra Chart will list in the list of Trade Accounts on the Trade Window. This can be up to 400.

Chart Trade Settings

To open the Chart Trade Settings window, select Global Settings >> Chart Trade Settings on the menu.

Working Orders >> Display Detailed Order Information

When this option is enabled, then detailed order information which includes Buy/Sell, Order Type, Order Status, Filled Quantity, and Order Price, are displayed on the order line on a Chart/Trade DOM.

Working Orders >> Display Order Type

When this option is enabled, then the Order Type is displayed on the order line on a Chart/Trade DOM. Otherwise, it is not.

Global Settings >> Chart Trade Settings >> Working Orders >> Draw Order Association Lines

When this option is enabled, a line connecting orders that are in the same OCO Group will be drawn between those two orders. This helps to clearly identify the association between the two orders.

To change this color, refer to Customizing Fonts, Colors, Line Styles, and Widths for Chart Trading, ChartDOM, and Trade DOM. The specific color setting is Chart Trading Order Association Lines and Trade DOM Order Association Lines. The Width and Line Style can be changed as well for these lines.

Working Orders >> Use Click, Release, Click Method to Adjust Orders

When this option is enabled, rather than a single left click on an order line, drag, and release being the method used to adjust an order on a chart or Trade DOM, instead a single left click on an order line and release, movement of the Pointer to adjust the order, and a single left click and release again is the method to adjust an order.

Working Orders >> Draw Limit Line for Stop-Limit Orders

When this option is enabled, there will be a vertical line drawn from the Stop price level of a Stop-Limit order to the Limit price level.

Reject Stop Orders That Will Immediately Fill

When this option is enabled, then a buy stop order which is entered 2 ticks or more below the last trade price, will be rejected by Sierra Chart and not allowed to be submitted.

When this option is enabled, then a sell stop order which is entered 2 ticks or more above the last trade price, will be rejected by Sierra Chart and not allowed to be submitted.

Reject Chart Trade Orders That Will Immediately Fill

When this option is enabled, then for orders submitted from a chart the Reject Stop Orders That Will Immediately Fill rules apply for Stop orders.

When this option is enabled, then Limit and Market if Touched orders submitted from a chart will be rejected if they would be immediately filled based upon their Side (Buy/Sell) and order price relative to the last trade price in the chart. For example, a Buy Limit order will be rejected if the order price is at or above the last trade price.

Adjust Trail Offset When Modifying Trail Order

When this option is enabled, then when adjusting the price of a Stop order, the trailing Stop offset is adjusted to be equal to the difference between the new order price and the current market price if the order is Open.

Or if it is in a Pending Child state, it will be equal to the difference between the new order price and the parent order price.

Otherwise, if this option is disabled, then the trailing Stop offset remains as it was when you adjust the price of the trailing Stop order. It will keep the same offset that was set when the order was originally submitted. For example, if you have a trailing Stop with an offset of 5, meaning it always maintains a distance no greater than 5 to the current price, and this option is disabled, then when adjusting the trailing Stop price, the offset remains at 5.

Display Chart Trade Commands As Submenu

When this option is enabled and Trade >>Trade Simulation Mode On is checked, then when right clicking on a chart with the pointing device and the Chart Shortcut menu is displayed, the trading related commands will be displayed as a Trade submenu at the bottom of the menu.

Disable this option to display the trading related commands directly on the main Chart Shortcut menu.

Position >> Coloring Of Position Line Based On

The coloring of the Trade Position line on a chart or Trade DOM can be based upon whether there is a Profit or Loss, or whether the Trade Position is Long or Short.

For each of these two settings, there are corresponding Colors and Styles for each condition. Refer to Customizing Fonts, Colors, Line Styles, and Widths for Chart Trading, ChartDOM, and Trade DOM.

The relevant settings are:

  • Chart Trading Position Line Long/Profit
  • Chart Trading Position Line Short/Loss
  • Trade DOM Position Line Long/Profit
  • Trade DOM Position Line Short/Loss

Position >> Display Profit/Loss On Position Line

When a Position line is displayed on a chart or Trade DOM, and this option is enabled, the Profit/Loss of the position will be displayed on the position line. The format of the Profit/Loss value displayed is controlled by Chart >> Chart Settings >> Advanced Settings >> Position Profit/Loss.

Position >> Use Flat to Flat Average Price for Position Line

By default, the Average Price for the current Position is based upon all of the order fills which make up the current position. The details about how the Average Price is determined for a position as explained in the How Average Price for Positions Is Calculated and Used section.

It is supported to use an Average Price based upon a Flat to Flat Order Fill Grouping method for the Position Line drawn on a chart or Trade DOM. This only applies to the Average Price on the Position Line itself and to the Profit & Loss column for the Chart/Trade DOM.

The Flat to Flat Average Price does not apply to the Average Price or the Open Profit/Loss displayed on the Trade Window.

To use a Flat to Flat calculated Average Price, enable Position >> Use Flat to Flat Average Price for Position Line in Global Settings >> Chart Trade Settings.

The calculation method is as follows: (ExistingFlatToFlatAveragePrice * ExistingFlatToFlatQuantity + NewFillPrice * NewFillQuantity) / (ExistingFlatToFlatQuantity + NewFillQuantity) .

The Flat to Flat Average Price changes as new order fills are made. Exit fills have no effect until the Trade Position goes to 0. Unlike a Fill to Fill Average Price, it is not just an average of the remaining open fills which make up the current Trade Position.

Trade Window Controls >> Enable Buy Bid

When this option is enabled, the Buy Bid button will be enabled on all Trade Windows. Otherwise, it will be disabled.

Trade Window Controls >> Enable Sell Bid

When this option is enabled, the Sell Bid button will be enabled on all Trade Windows. Otherwise, it will be disabled.

Trade Window Controls >> Enable Buy Ask

When this option is enabled, the Buy Ask button will be enabled on all Trade Windows. Otherwise, it will be disabled.

Trade Window Controls >> Enable Sell Ask

When this option is enabled, the Sell Ask button will be enabled on all Trade Windows. Otherwise, it will be disabled.

Trade Window Controls >> Enable Flatten

When this option is enabled, the Flatten button will be enabled on all Trade Windows. Otherwise, it will be disabled.

Trade Window Controls >> Enable Reverse

When this option is enabled, the Reverse button will be enabled on all Trade Windows. Otherwise, it will be disabled.

Order Fills >> Display Fill Text

This setting applies to Charts Order Fills. When this option is enabled, then text information about the each fill displayed on the chart is displayed above or below the price bars. What is displayed and the positioning of the display is based upon various settings described below.

Order Fills >> Text Size

This setting applies to Charts Order Fills.

This setting sets the font size of the order fill text displayed with the fill on the chart.

Order Fills >> Display Trade Profit/Loss

This setting applies to Charts Order Fills and is only valid when Display Order Text is enabled. When this setting is enabled, then the trade Profit or Loss is displayed with the text information with the fill displayed on the chart.

It is important to understand how the Profit/Loss is calculated.

In a chart, order fills are grouped together using a Fill to Fill grouping method. In the case of Fill to Fill, a Trade is defined as a fill that establishes or increases a position and an offsetting fill that reduces it.

Within the Fill to Fill grouping method which groups 2 fills into a single reportable Trade, there are two possible order fill matching methods which are used to determine which specific fills are matched together. These are LIFO and FIFO.

For further information about this, refer to Order Fill Grouping and Matching Methods.

When the order fills are grouped together using a Fill to Fill grouping method, all of the order fills that Sierra Chart has a record of for the particular Symbol of the chart and the Trade Account set on the Trade Window, are used. This is a very important point understand.

What this means is that when you look at the Trades tab of the Trade Activity Log, the Profit/Loss of Trade you see displayed there can be completely different because if the Date Range to Display is not set far enough back to include all of the order fills that Sierra Chart has a record of, then you will see a mismatch between the Profit/Loss for a Trade on the Trade Activity Log >> Trades tab compared to the Profit/Loss you see for an order fill on the chart because the matching fill is different.

So this is something to be aware of. In this particular case you might want to clear all of the historical order fills and start from a clean state.

However, it is important to be aware, that this problem can reoccur because it is not possible for Sierra Chart to maintain a complete set of non-simulated order fills for a particular Trade Account reliably and automatically.

Order Fills >> Display Order Type

This setting applies to Charts Order Fills and is only valid when Display Order Text is enabled. When this setting is enabled, then the Order Type is displayed with the text information with the fill displayed on the chart.

Order Fills >> Display Price

This setting applies to Charts Order Fills and is only valid when Display Order Text is enabled. When this setting is enabled, then the price of the order fill is displayed with the text information with the fill displayed on the chart.

Order Fills >> Display Position Quantity

This setting applies to Charts Order Fills and is only valid when Display Order Text is enabled. When this setting is enabled, then the Trade Position Quantity that existed after the fill has been processed, is displayed with the text information with the fill displayed on the chart.

Order Fills >> Display Buy Fills

This setting applies to Charts Order Fills.

This can be set to either Above Price or Below Price. This option applies to the text information for Buy order fills. The text information can be displayed above the price of the fill or below the price of the fill.

Order Fills >> Display Sell Fills

This setting applies to Charts Order Fills.

This can be set to either Above Price or Below Price. This option applies to the text information for Sell order fills. The text information can be displayed above the price of the fill or below the price of the fill.

Order Fills >> Fill Marker Size (Global Settings >> Chart Trade Settings)

The Fill Marker Size setting controls the size of the arrow markers which are drawn at the price level of the fill. This can be set to Small, Medium or Large.

Order Fills >> Display Entry/Exit Connecting Lines

This setting applies to Charts Order Fills.

When this option is enabled, then lines will be drawn between Entry and Exit order fill drawings on the chart. How the order fills are connected together with lines, is based upon the order fill matching method. There are two fill matching methods. LIFO and FIFO. This is explained more in the Order Fill Matching Methods section.

Order Fills >> Color Connecting Lines Based on Profit/Loss

This setting applies to Charts Order Fills.

With this option is enabled, then the color of an order fill connecting line is based upon whether the line connects fills which make up a profitable or losing trade. The colors are set through the Chart Trading Order Fill Entry/Exit Connecting Lines Primary and the Chart Trading Order Fill Entry/Exit Connecting Lines Secondary color settings in the Graphics Settings window. Refer to Customizing Fonts, Colors, Line Styles, and Widths for Chart Trading, ChartDOM, and Trade DOM.

Display Daily Profit/Loss On Chart/Trading DOM

When this option is enabled, then at the top left of the chart or Trade DOM, Daily Profit/Loss will be displayed. This value is prefixed with DPL:. For more information, refer to Viewing Daily Profit/Loss.

Include Open P/L in Chart/Trade DOM P/L Display

When this option is enabled, the profit/loss for the current open Trade Position will be added to the current Daily Profit/Loss displayed on a chart or Trade DOM to give the Net Profit/Loss (Net PL).

Show Limit/Stop in Trade Mode Box

When this option is enabled, then as your Pointer is moved through the Buy and Sell columns on the Chart/Trade DOM, the order type, whether Limit or Stop that will be submitted is indicated at the top left of the chart or Trade DOM.

Disable Order Confirmations - Global

When this option is enabled, all Order Confirmations are disabled for all Trade Windows.

Chart DOM Settings

To open the Chart DOM Settings window, select Global Settings >> Chart DOM Settings on the menu.

Order Inputs Above Last >> Left Click on Bid Price Ladder Above Last

This can be set to either Ignore Input, Buy Limit, or Buy Stop. When you left click on the Bid price ladder on the Chart DOM above the Last trade price, then the selected order action will be made.

Order Inputs Above Last >> Right Click on Bid Price Ladder Above Last

This can be set to either Ignore Input, Buy Limit, or Buy Stop. When you right-click on the Bid price ladder on the Chart DOM above the Last trade price, then the selected order action will be made.

Order Inputs Above Last >> Left Click on Ask Price Ladder Above/Equal Last

This can be set to either Ignore Input, Sell Limit, or Sell Stop. When you left click on the Ask price ladder on the Chart DOM at or above the Last trade price, then the selected order action will be made.

Order Inputs Above Last >> Right Click on Ask Price Ladder Above Last

This can be set to either Ignore Input, Sell Limit, or Sell Stop. When you right click on the Ask price ladder on the Chart DOM above the Last trade price, then the selected order action will be made.

Order Inputs Below Last >> Left Click on Bid Price Ladder Below/Equal Last

This can be set to either Ignore Input, Buy Limit, or Buy Stop. When you left click on the Bid price ladder on the Chart DOM at or below Last trade price, then the selected order action will be made.

Order Inputs Below Last >> Right Click on Bid Price Ladder Below/Equal Last

This can be set to either Ignore Input, Buy Limit, or Buy Stop. When you right click on the Bid price ladder on the Chart DOM at or below Last trade price, then the selected order action will be made.

Order Inputs Below Last >> Left Click on Ask Price Ladder Below Last

This can be set to either Ignore Input, Sell Limit, or Sell Stop. When you left click on the Ask price ladder on the Chart DOM below the Last trade price, then the selected order action will be made.

Order Inputs Below Last >> Right Click on Ask Price Ladder Below Last

This can be set to either Ignore Input, Sell Limit, or Sell Stop. When you right click on the Ask price ladder on the Chart DOM below the Last trade price, then the selected order action will be made.

Display DOM Depth Totals

When the Chart DOM or Trade DOM is configured to display the market depth volumes, then when this option is enabled, the total Ask side volumes will be displayed above the Ask volumes. And the total Bid side volumes will be displayed below the Bid volumes.

Display DOM Depth Percentages

When the Chart DOM or Trade DOM is configured to display the market depth volumes, then when this option is enabled, the percentage that the total Ask volume is of the total Bid and Ask market depth volume, will be displayed. And the percentage that the total Bid volume is of the total Bid and Ask market depth volume, will be displayed.

Display DOM Spread

This setting is accessed through Global Settings >> Chart DOM Settings.

When this option is enabled, the difference between the best Ask price and best Bid price is calculated and is displayed above the Ask Size for the highest price there is Ask Size data available for.

It is necessary to add a column which contains Ask Size to the Chart DOM or Trade DOM depending upon which you are using. This can be done through Global Settings >> Customize Chart DOM Columns or Global Settings >> Customize Trade DOM Column. For more information, refer to Customize Chart DOM Columns.

Display Volume Bar for Bid/Ask Sizes (Global Settings >> Chart DOM Settings)

When this option is enabled, then horizontal bars for the Bid and Ask sizes on a Chart/Trade DOM, will be displayed. The width of these horizontal bars is proportional to the size/quantity for each Bid and Ask level.

To change the colors for the volume bars, refer to the Customizing Fonts, Colors, Line Styles, and Widths for Chart Trading, ChartDOM, and Trade DOM documentation.

The following Color settings apply:

  • Chart DOM Bid Volume Bar
  • Chart DOM Ask Volume Bar
  • Trade DOM Bid Volume Bar
  • Trade DOM Ask Volume Bar

It is also important that when this option is enabled, that the Depth Quantity text colors are different than the volume bars. Check the following color settings:

  • Chart DOM Bid Depth Quantities/Volumes
  • Chart DOM Ask Depth Quantities/Volumes
  • Trade DOM Bid Depth Quantities/Volumes
  • Trade DOM Ask Depth Quantities/Volumes

Maximum Volume Bar Width Percentage

This setting only applies when Display Volume Bar for Bid Ask Sizes is enabled.

This controls the width of the volume bars in the column where the Did and Ask size numbers are displayed.

Maximum Depth Levels Displayed (Global Settings >> Chart DOM Settings)

When the Chart DOM or Trade DOM is set to display the Bid and Ask Sizes/Quantities from the market depth data, then Maximum Depth Levels Displayed controls how many levels are displayed. Set this value to what you require.

To add the Bid and Ask Size columns to the Chart/Trade DOM, refer to Customize Trade/Chart DOM Columns and Descriptions

This setting only applies to the Bid and Ask Size columns on a Chart DOM or Trade DOM (refer to the image below) and nowhere else in Sierra Chart.

Keep in mind, that unless market depth data is available for the symbol of the chart and from the Data or Trading service you are using, no matter what this setting is set to, you will only see 1 or 0 levels of Bid and Ask Sizes/Quantities when no market depth data is available.

The default setting is 100.

When the number of depth levels is reduced, this also affects DOM Depth Totals and DOM Depth Percentages calculations.

Buy / Sell Column Minimum Character Width

The default setting is 0. A value of zero means the width of the Buy and Sell columns on the Chart DOM or Trade DOM are automatically controlled. Setting this to a nonzero value specifies the width in characters, based upon the selected Font Size for the Chart DOM or Trade DOM, that the columns will be at least as wide as. They will be widened more if necessary based upon the order quantities displayed.

Customize Trade/Chart DOM Columns and Descriptions

Below are descriptions for the Trade and Chart DOM market data columns.

Enable Trade >> Trading Chart DOM On to display the Chart/Trade DOM.

These market data columns can be added, removed or reordered through Global Settings >> Customize Chart DOM Columns or Global Settings >> Customize Trade DOM Columns.

For additional information, refer to Customizing Trade DOM and Chart DOM Columns on the Chart Trading page.

Buy Order Column - Left/Center/Right Aligned

This column is the Buy order column for order entry.

Price

This column displays the price scale. It is a required column.

Sell Order Column - Left/Center/Right Aligned

This column is the Sell order column for order entry.

Last Size - Left/Center/Right Aligned

This column is the volume of the last trade. It is only displayed at the current price.

Cumulative Last Size - Left/Center/Right Aligned

This column is a sum of the volume of trades which occurred at the current price. It is only displayed at the current price.

Combined Bid/Ask Size - Left/Center/Right Aligned

This column is a combination of the Bid and Ask size data from the market depth data.

Bid Size - Left/Center/Right Aligned

This column is the Bid Size data from the market depth data.

Ask Size - Left/Center/Right Aligned

This column is the Ask Size data from the market depth data.

Profit & Loss

For documentation for this column, refer to Chart DOM Position Profit and Loss Column.

Bid Size/Buy Column - Left/Center/Right Aligned

This column is a combination of the Bid Size data from the market depth data and the Buy order column.

Ask Size/Sell Column - Left/Center/Right Aligned

This column is a combination of the Ask Size data from the market depth data and the Sell order column.

Recent Bid Volume - Left/Center/Right Aligned

The Recent Bid Volume column can be left, center or right aligned. It calculates and displays the total Bid Volume at a price level where the market traded at and stayed at that price. The Bid Volume accumulates when the price level is traded at without changing. Therefore, if the market trades at the same Bid price multiple times, the Bid Volume is accumulated at that price level.

The Bid Volume for a price level is reset when the market trades at a different price level, then trades back at a price level where there is previously accumulated Bid Volume and the new trade is at the best Bid. At that time the previously accumulated Bid Volume is reset back to zero and will display the Bid Volume from the most recent Bid trade. This resetting is completely independent of the Recent Ask Volume.

The color of the Recent Bid Volume column is set with the Chart/Trade DOM Recent Bid Volume color. Refer to Customizing Fonts, Colors, Line Styles, and Widths for Chart Trading, ChartDOM, and Trade DOM for instructions to change this color.

This market data column does not update when replaying a chart and will be blank.

Recent Ask Volume - Left/Center/Right Aligned

The Recent Ask Volume column can be left, center or right aligned. It calculates and displays the total Ask Volume at a price level where the market traded at and stayed at that price. The Ask Volume accumulates when the price level is traded at without changing. Therefore, if the market trades at the same Ask price multiple times, the Ask Volume is accumulated at that price level.

The Ask Volume for a price level is reset when the market trades at a different price level, then trades back at a price level where there is previously accumulated Ask Volume and the new trade is at the best Ask. At that time the previously accumulated Ask Volume is reset back to zero and will display the Ask Volume from the most recent Ask trade. This resetting is completely independent of the Recent Bid Volume.

The color of the Recent Ask Volume column is set with the Chart/Trade DOM Recent Ask Volume color. Refer to Customizing Fonts, Colors, Line Styles, and Widths for Chart Trading, ChartDOM, and Trade DOM for instructions to change this color.

This market data column does not update when replaying a chart and will be blank.

Current Traded Bid Volume - Left/Center/Right Aligned

The Current Traded Bid Volume column can be left, center or right aligned.

It calculates and displays the continuous accumulation of Bid Traded Volume at each price level from trades that have occurred since connecting to the data feed with File >> Connect to Data Feed.

This column resets when Trade >> Open Trade Window for Chart >> Menu/M >> Clear Current Traded Bid/Ask Volume on Chart DOM is selected, a new connection to the data feed occurs, or you right-click on the price scale and select Clear Current Traded Bid/Ask Volume on the displayed menu.

This market data column does not update when replaying a chart and will be blank.

Current Traded Ask Volume - Left/Center/Right Aligned

The Current Traded Ask Volume column can be left, center or right aligned.

This column calculates and displays the continuous accumulation of Ask Traded Volume at each price level from trades that have occurred since connecting to the data feed with File >> Connect to Data Feed.

This column resets when Trade >> Open Trade Window for Chart >> Menu/M >> Clear Current Traded Bid/Ask Volume on Chart DOM is selected, a new connection to the data feed occurs, or you right-click on the price scale and select Clear Current Traded Bid/Ask Volume on the displayed menu.

This market data column does not update when replaying a chart and will be blank.

Current Traded Total Volume - Left/Center/Right Aligned

The Current Traded Total Volume column can be left, center or right aligned.

This column calculates and displays the continuous accumulation of Trade Volume at each price level from trades that have occurred since connecting to the data feed with File >> Connect to Data Feed.

This column resets when Trade >> Open Trade Window for Chart >> Menu/M >> Clear Current Traded Bid/Ask Volume on Chart DOM is selected, a new connection to the data feed occurs, or you right-click on the price scale and select Clear Current Traded Bid/Ask Volume on the displayed menu.

This market data column does not update when replaying a chart and will be blank.

Bid Market Depth Pulling/Stacking - Left/Center/Right Aligned

The Bid Market Depth Pulling/Stacking market data column calculates and displays the change with a market depth quantity at a particular price level. When there is a trade at that price level, the trade volume is added to this market depth quantity change. This calculation is done for all price levels which have market depth data. For example, if the bid quantity at price 100 is 50 and it drops to 40 and there has been a trade of 5, then the result is -5.

These change values represent pulling and stacking of limit orders at all of the various price levels there is market depth data for.

When there is a change with the best Bid or Ask prices, all of the change values are reset back to 0.

The Bid Market Depth Pulling/Stacking column can be left, center or right aligned.

The color of the Bid Market Depth Pulling/Stacking column is set with the Chart/Trade Bid Market Depth Pulling/Stacking color. Refer to Customizing Fonts, Colors, Line Styles, and Widths for Chart Trading, ChartDOM, and Trade DOM for instructions to change this color.

This market data column does not update when replaying a chart and will be blank.

Ask Market Depth Pulling/Stacking - Left/Center/Right Aligned

The Ask Market Depth Pulling/Stacking market data column calculates and displays the change with a market depth quantity at a particular price level. When there is a trade at that price level, the trade volume is added to this market depth quantity change. This calculation is done for all price levels which have market depth data. For example, if the ask quantity at price 100 is 50 and it drops to 40 and there has been a trade of 5, then the result is -5.

These change values represent pulling and stacking of limit orders at all of the various price levels there is market depth data for.

When there is a change with the best Bid or Ask prices, all of the change values are reset back to 0.

The Ask Market Depth Pulling/Stacking column can be left, center or right aligned.

The color of the Ask Market Depth Pulling/Stacking column is set with the Chart/Trade Ask Market Depth Pulling/Stacking color. Refer to Customizing Fonts, Colors, Line Styles, and Widths for Chart Trading, ChartDOM, and Trade DOM for instructions to change this color.

This market data column does not update when replaying a chart and will be blank.

Displaying Resettable Current Traded Volume on Trade DOM

To display the current traded volume at each price level on the Chart or Trade DOM, add the Current Traded Total Volume column.

For instructions, refer to the Customize Trade/Chart DOM Columns and Descriptions section.

Resetting the Resettable Trade/Chart DOM Columns

To reset the Recent Bid Volume and the Recent Ask Volume columns on a Trade/Chart DOM for a symbol, right-click on the price scale and select Clear Recent Bid/Ask Volume . Refer to the image below.

To reset the Current Traded Bid Volume, Current Traded Ask Volume, Current Traded Total Volume columns on a Trade/Chart DOM for a symbol, right-click on the price scale and select Clear Current Traded Bid/Ask Volume . Refer to the image below.

Keyboard Shortcuts can also be set up for these commands. They are located in Global Settings >> Customize Keyboard Shortcuts >> Commands >> Trading Keyboard Shortcuts.


*Last modified Monday, 21st November, 2016.