Hi all,
I am very challenged with how NTV5 should operate from an intelligence standpoint. I urge you all to please provide comments as your input will be considered heavily on what I decide to do.
First the changes -
- In V5, any order qty increases will be accomplished by adding additional orders as opposed to modifying the existing order. So if you have an entry order for 1 contract and increase it to 2, you will now have 2 entry orders. The value here is that the original order does not get removed for the order queu. I stress that this is a highly valuable approach in that you will gain considerable competetive advantage in getting your orders filled.
- Carrying on from the above point, when you scale into a position, NT modifies all existing stops and targets. From a visual standpoint this would still happen but now NT will add additional orders to your target. Again, this keeps existing orders in the queu and provides you with a considerable competetive advantage.
- Stop loss orders can be separated. This means you can have stop losses at multiple levels and individual trail stop parameters on each stop loss
- From a display standpoint, NT will aggregate all orders so that you will havea clean display. Using the same example, if you have one entry level but it is made of up multiple orders, NT will display this as one order. This keeps things clean and allows you to manage all orders at this price level as one order unit.
- You will now be able to scale in at multiple price levels to enter a position.
To manage all of these orders in real-time is very complex and it pushes the current NT appproach. Specifically -
- The single click order price change capability does not fit with the above model. NT would now need to be drag and drop. This means instead of clicking on a new price to modify an order, one would have to click, drag to new price then drop to accomplish order price changes.
- Currently when changing the order size of target 1, NT will automatically adjust the order size of target 2 accordingly. With the new approach (without going into every detail) NT would not be able to accomplish this 100% of the time. Therefore, I would remove this piece of intelligence. Users would have to do this manually.
- Currently, all targets are classified as Target1, Target2 etc...This would likely be removed and be replaced with a single classification as TARGET. As a result of this, you could actually have more than 3 targets now.
So here are the questions...Speak up or forever hold your peace!
In order to gain the advantage of leaving orders in the queu when possible, are you willing to use a drag/drop order modification approach instead of the single click approach?
For those who like changing the order sizes between targets, are you willing to now do this manually?
Thanks for listening.
Ray
I am very challenged with how NTV5 should operate from an intelligence standpoint. I urge you all to please provide comments as your input will be considered heavily on what I decide to do.
First the changes -
- In V5, any order qty increases will be accomplished by adding additional orders as opposed to modifying the existing order. So if you have an entry order for 1 contract and increase it to 2, you will now have 2 entry orders. The value here is that the original order does not get removed for the order queu. I stress that this is a highly valuable approach in that you will gain considerable competetive advantage in getting your orders filled.
- Carrying on from the above point, when you scale into a position, NT modifies all existing stops and targets. From a visual standpoint this would still happen but now NT will add additional orders to your target. Again, this keeps existing orders in the queu and provides you with a considerable competetive advantage.
- Stop loss orders can be separated. This means you can have stop losses at multiple levels and individual trail stop parameters on each stop loss
- From a display standpoint, NT will aggregate all orders so that you will havea clean display. Using the same example, if you have one entry level but it is made of up multiple orders, NT will display this as one order. This keeps things clean and allows you to manage all orders at this price level as one order unit.
- You will now be able to scale in at multiple price levels to enter a position.
To manage all of these orders in real-time is very complex and it pushes the current NT appproach. Specifically -
- The single click order price change capability does not fit with the above model. NT would now need to be drag and drop. This means instead of clicking on a new price to modify an order, one would have to click, drag to new price then drop to accomplish order price changes.
- Currently when changing the order size of target 1, NT will automatically adjust the order size of target 2 accordingly. With the new approach (without going into every detail) NT would not be able to accomplish this 100% of the time. Therefore, I would remove this piece of intelligence. Users would have to do this manually.
- Currently, all targets are classified as Target1, Target2 etc...This would likely be removed and be replaced with a single classification as TARGET. As a result of this, you could actually have more than 3 targets now.
So here are the questions...Speak up or forever hold your peace!
In order to gain the advantage of leaving orders in the queu when possible, are you willing to use a drag/drop order modification approach instead of the single click approach?
For those who like changing the order sizes between targets, are you willing to now do this manually?
Thanks for listening.
Ray
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