Menu Command

Description

Buy

Creates a Buy order on the selected market data line, or opens the Order Ticket window if no asset is selected.

Sell

Creates a Sell order on the selected market data line, or opens the Order Ticket window if no asset is selected.

Scale Orders

Create orders that specify the total amount to be bought/sold at incrementally decreasing/increasing price intervals.

Close Position

Creates an opposite-side order for a selected asset in which you hold a position. You must manually transmit the order.

Auto Stop

Attach a stop order to the limit order.

Auto Trailing Stop

Attach a trailing stop to a limit order.

Auto Combo Limit

Flips the parent combination order and submits an opposite side limit order. You must enter a limit price. For example, if you have a BUY calendar spread, the parent order looks like this:

Buy 1 XYZ OPT NOV06 80.0 CALL
Sell 1 XYZ OPT OCT06 80.0 CALL

When you attach an auto combo limit, TWS flips the combo and create a SELL calendar spread order like this:

Sell 1 XYZ OPT NOV06 80.0 CALL
Buy 1 XYZ OPT OCT06 80.0 CALL

You must enter a limit price for this order. Since the attached order is dependent on the parent order, it will not be transmitted until the parent order executes.

Auto Combo Market

Flips the parent combination order and submits an opposite side market order. See Auto Combo Limit above.

Bracket Orders

Creates a pair of orders that bracket your original order.

Bracket orders are designed to limit your loss and lock in a profit by "bracketing" an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. A SELL order is bracketed by a high-side buy stop order and a low side buy limit order.

Update Limit Prices

Opens the Update Limit Price dialog box where you define parameters to automatically update limit prices for the selected order(s) or all orders on a page.

Configure Order Defaults

Opens the product-specific Order Defaults page in Global Configuration.

Cancel

For non-working orders, cancels the order and deletes it from the order management line.

For working orders, sends a cancellation request to the order destination. A working order is not confirmed cancelled until the Status field turns red.

Transmit

Transmits the selected order to the order destination.

Transmit Page

Transmits all orders on the active trading page to their order destinations. The value in parenthesis shows the value of all orders on the page.

Restore

Used to undo changes to a working order on an order management line BEFORE YOU RE-TRANSMIT THE ORDER.

Check Margin

Shows your margin requirements as a "what if" scenario for the selected non-submitted order.

Deactivate

Cancels a transmitted order at the exchange, but leaves it on the trading page for later re-submission.

Deactivate Page

Cancels all transmitted orders on the page, but leaves them on the trading page for later re-submission.

Cancel Page

Sends a cancellation request for each non-transmitted and working order on the active trading page.

Working orders are not confirmed cancelled until the Status field turns red.

Cancel All

Sends a cancellation request for every non-transmitted and working order on all of your trading pages.

Working orders are not confirmed cancelled until the Status field turns red.

Remove Filled Orders

If you de-select Auto-Remove Orders on the Settings menu, use this command to remove all executed and canceled orders from your trading and Pending pages.

Close All Positions

Creates and transmits an opposite side limit order at the market price for each open position. If no market data is available, creates an opposite side market order, and you must transmit it manually.

Close Portion of Positions

Enter a percentage of open positions you want to close. Creates and transmits an opposite side limit order at the market price for this percentage of open positions. If no market data is available, creates an opposite side market order, and you must transmit it manually.

Close Positions on Page

Creates and transmits an opposite side limit order at the market price for each open position on the active trading page. If no market data is available, creates an opposite side market order, and you must transmit it manually.

Select All

Selects all orders on the page.

Ticket

Opens the Order Ticket window which you use to create and transmit an order. If you have selected a market data line, the Order Ticket window displays the selected asset and order destination.