Iceberg Options Solutions

Iceberg in this section provides the user a simple but powerful system to automate the trading in options. It also allows to non-programmers to create set certain moves which will be executed automatically. For users with more knowledge a scripting system will be available.

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A Plan consists of various objects that indicate the logical sequence and then how the sequence will be evaluated and executed. We see below what items make up a Plan and their properties.

By clicking the button you can enter the Start object .

When Start object is selected, as well as the End object, it appears a sidebar with the general settings of the Plan.

• Name: name of the Plan;
• Check Every: You set how many minutes must elapse between a check of the plan and another ;
• Order Place Mode: Here you choose how Iceberg must manage the delta hedging orders. Suggest Only: In case of a generation of an order Iceberg only show it on the “General” tab and it must be finalized in Real Market or Paper Trading. Paper Trading (Automatic): in case of a generation of an order it is automatically put in Paper Trading. Real Market (Manual): In case of a generation of an order the corresponding book to trade it in real market will appear. Real Market (Automatic): In this case an order is automatically sent to the broker with the price type previously set;
• Max Bid/Ask Spread % (Options)
• Tick is not Zero
• Max Tick Interval (secs)
• Check Bid/Ask (Underlying)
• Check Last (Options)

You can only enter a Start object into the Plan, which must be concluded with an End object but you can enable more Plans at once.

By clicking the button you can enter the End object , which must be entered to complete a Plan.

When Start object is selected, as well as the End object, it appears a sidebar with the general settings of the Plan where you have to set its name and how many minutes must elapse between a check of the plan and another.

By clicking the button it is possible to insert the object , which contains the condition that will have to be verified. From a Condition object can exit a “Yes” link, which will be connected to the action to take if the condition is verified, or a “No” link, which will be connected to the action to take if the condition is not verified.

When “Condition” object is selected, a sidebar with the settings will appear. You have to complete the field.

Operand 1: you have to assign the first term of the comparison, It can be a property of an Asset, a property of a Strategy, a property of a Plan or a Custom value setted by the user;

Operator: You have to choose the mathematical operator;

Operand 2: you have to assign the second term of the comparison, It can be a property of an Asset, a property of a Strategy, a property of a Plan or a Custom value setted by the user;

Object Text: in this field you can assign a short note that will be displayed in the Plan within the object Condition;

Preview: it shows shows the preview of the selected condition.