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###  | Trade |

Trade Orders
The Paper Trading window is used to enter simulated orders. You need to select the Account to record the trades in. If none exist, then you must first create one with the Trade Accounts dialog. Paper trading works with any quote source, but quotes must be on before any simulation can occur. When you select a Symbol or use drag-and-drop to drop one into the trading window, the last trade price is set as the defalt limit price. If you have a current simulated postion for the selected symbol it is shown in the title bar for the trading window. Adjust any of the field values specifying the order and <click> [SELL] to generate a sell order, or [BUY] to generate a buy order. The order will then appear on a line below under the All Orders tab. When the order status changes, the Status column is updated. To cancel an order, point on the symbol name in the Underlying column, <right-click> and select cancel, or point elsewhere, <right-click> and select cancel all to cancel all active orders. The [INIT] button returns the order parameters to their default settings for the security, (modifying Qty, Order Type, Limit Price, and TIF fields). If you have a current position in the selected security, the [CLOSE POSITION] button will set up order parameters to close that position with a market order, then you only need to <click> on [BUY] or [SELL] to activate the order. (One of the action buttons is grayed out, leaving only the appropriate one for closing the position). To modify an order that has not yet been filled, <double-click> on the symbol in the Underlying column for the order to be changed. The order parameters are displayed and the [BUY] button changes to [TRANSMIT]. Modify the price or size and <click> [TRANSMIT] to change the order. The Aux Price field is used to specify the activation price for STOP and STOP-LIMIT orders. The OCA field is used to create "One Cancels All" orders. If you put any text in this field the order becomes and OCA order when created, if you create additional orders with the same OCA name, then they are linked together so when one is filled or cancelled, all the others are automatically cancelled. The TIF (time in force) field is currently not used by the paper trading simulation. Open paper trading orders are saved between sessions, but trades can only take place when the program is running and collecting quotes..

Trade Executions
The Executions tab shows the records of executed orders with the most recent trade at the top.

Trade Summary
The Summary tab shows the summary of trades by symbol. The net column shows the current position. Realalized P&L column takes into account the approximate commission (as charged US customers by Interactive Brokers, but may not properly account for partial executions of large stock orders, or other charges such as exchange order cancellation fees as charged by the option exchanges.)

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