Chapter 3 MB Trading and the Trade Processor
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Nirvana Systems Inc.
8
WizeVest Trade Processor User Guide
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Delay Opening Orders
—Set the time, using the Eastern time zone, for the
opening orders to be sent to the broker if you would like your opening orders to
occur at a later time than your closing orders. Doing so allows time for closing
orders to fill & free up buying power first so that new opening orders do not get
rejected due to lack of buying power.
Automation
The Automation settings determine if entry and exit orders are to be processed
automatically or not. If the automatic option(s) are not selected, only manual orders
will be processed.
Automation Settings
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Automatic Entries
—Opening orders from the WizeVest account will be checked
and sent to the broker during the designated times specified in the Order
Submission Settings.
•
Automatic Exits
—Closing orders from the WizeVest account will be checked
and sent to the broker during the designated times specified in the Order
Submission Settings.
•
Close Orphaned Trades at
—Enable this option to close any orphaned positions
on the MBT Positions tab at the time you designate each day.
•
Close All Unmanaged Trades
—Enable this option to close all "Unmanaged”
Positions as well as orphaned positions on the MBT Positions tab at the time you
designate each day. This option is greyed out unless Close Orphaned Trades is
enabled.
•
Update WizeVest Current Balance
—Enable this option to send current account
equity to the account in WizeVest.
•
Size by % of Equity
—Allows trade size to scale according to account equity.
•
Match WizeVest Shares
—Instead of using QTY% to determine the share size, it
uses the exact number of shares from WizeVest.
Orders
Orders on the Opening and Closing Orders tabs are automatically converted to the
correct order type according to the time they are submitted to the broker. MB Trading
