Trading has been enabled!

[Jerry Medved]

I just emailed everyone, but best to cover all bases (Please start a NEW thread/topic if you have questions, comments, issues, etc)

 

With the new update released today (October 6, 2014), you now have integrated trading in Medved Trader. Trading is currently supported with Interactive Brokers and TD Ameritrade.  Other brokers will be added in future releases. 

 

Since we  do not have Help written yet, I wrote up a quick overview of the trading functionality here:

 

In order to trade via MT, you will first need to configure the accounts you wish to trade through.  To do this:

 

·         start Medved Trader

·         go to SETTINGS / TRADING / ACCOUNTS

·         On top of that screen, click on the ADD button and select the broker with which you have an account. 

·         For TD Ameritrade accounts, enter your account login on the right side.  For Interactive Brokers, make sure TWS is running and logged in, and API is enabled in TWS settings.

·         Give the login a nickname, maybe something like "Main Account" or "Main IRA".  This name will be used to reference the login on other screens and will be handy if you plan to use multiple accounts. Keep it short.

·         Click on VERIFY & GET ACCOUNTS button on the right side of that screen.

 

MT will verify the login and show the accounts on the left side, nested under the broker. You can click on each one to specify the name for each of the accounts. You can also specify various account specific settings on the bottom right of the settings screen, but can leave the settings alone for now. You can always come back to this screen to change things.

 

If you wish, you can create a security pin or control the security around the trading on the SETTINGS / TRADING / SECURITY screen. e.g.:  Selecting 'Once per session' would have MT prompt you for the MT Login or PIN the first time you try to place a transaction since starting MT.

 

You can change some general defaults on SETTINGS / TRADING / General, such as ability to double click on bid/ask / last and have it bring up trading.

 

To actually bring up the trading panel (and from there, things like account info), you can do it from the Dashboard, or via the right click/Trade option on any item on the portfolio, Level II, chart or raw data. Also can be done if you enable the double click on bid/ask/last and do the double click.

 

There are 3 core screens:

·         TRADE TICKET - Where you enter the order. Also shows you the core balance info for the account where the order is being placed and a quote on the symbol for which the order is being placed

 

·         ACCOUNT VIEW - Tabbed view of all account info. Has the following tabs:

o   POSITIONS - all positions for the selected account

o   TRANSACTIONS - all transactions for the selected account

o   BALANCES - The balance information for the selected account

 

·         TRADE LOG - Chronological log of trading activity in one or more accounts

 

You can have more than one of each type of window open at the same type for either the same or different accounts and brokerages. So for example, you can have two Trade Tickets and two Account View windows open, one showing positions and one transactions.

 

All Trade Windows have color coded borders.  All windows for the same account will have the same border color.  By default, if you switch the account on one window, all others will switch as well.  However, there is a LINKED button next to the account combo box. If you uncheck it, that window will no longer be linked to the others as far as account changes go.

 

Transactions and Positions screens are very flexible - can be sorted, columns can be added/removed, same as Portfolios and Watchlists.  You can also filter them for particular symbols.  Positions display will also show you transactions that are open for the given position as well as various aggregated data on the position, such as pending order quantity, # of shares bought, sold, etc.

 

NOTE: As with all the other windows in Medved Trader, the Trading windows make use of the ribbon. I do suggest you minimize or hide the ribbon though, and place anything you may need from it into the Quick Access Toolbar (QAT - the area on the left side of the caption). Any button on the ribbon can be added to the QAT by right clicking on it and selecting “Add to Quick Access Toolbar”.  The order of the items in the QAT is determined by the order in which you add the items.

 

We will be adding multi-order entry screens as well as chart trading in the future.

 

Please feel free to ask questions or share your thoughts, suggestions, and input on the new trading capabilities and user interface. You can post on our message boards or email support.

[Jerry Medved]

By the way, note that double clicking on an open order in transactions starts EDIT mode right below the line that was double clicked.  you can have multiple orders in edit mode at the same time.  And if you get a partial fill while editing an order, the QTY is adjusted accordingly.  Or if the order is fully filled, the edit will be canceled. 

 

Also, if viewing positions you can select to show "Closed" or "Pending" positions - look at the VIEW tab on the ribbon. Open transactions will show indented under the position. You can cancel those transactions right from the position screen (right click)

 

You can have the trade ticket show BUY/SELL buttons or a combo box with buy/sell actions and a SUBMIT button. Your choice (global preferences)

 

And if you don't do short sells, you can select to remove the short and cover actions

 

Have fun.

[BlueCollarDayTrading]

Any chance in the future you plan to include a DOM trader in MT???

[Jerry Medved]

we will be looking at that later. After the initial production release

[Jerry Medved]

[bump]