DOM Trader

DOM Trader panel shows the number of buy and sell orders placed at various price levels around the current price for a particular instrument

General info about DOM Trader

The Depth of Market or DOM Trader panel shows the number of Buy and Sell orders placed at various price levels around the current price for a particular instrument (most often for futures). The more the number of orders is at a certain price level, the higher the interest in this level. The trading functionality of the panel allows you to quickly and efficiently place the required number of orders at the selected price, and also drag-and-drop, change or cancel them.

Trading with DOM Trader

DOM Trader allows to send trading orders in two ways β€” Mouse Trading mode and Order Entry

To place an order via Mouse Trading mode:

  • Select an account and order restriction (TIF) in the order entry;

  • Enter an order quantity;

  • Left-click at a specific prices in the left column will place a Buy Limit order (below the current market price);

  • Left-click at a specific prices in the right column will place a Sell Limit order (above the current market price). If you place the order below the current price it will be executed by market price;

  • To place a Stop order is necessary to press and hold down the Shift key and click at a required price.

To place an order via Order Entry:

  • Select an account and order restriction (TIF) in the order entry;

  • Enter an order quantity;

  • Click on the Bid, Ask or Market button to place your order;

  • Confirm your placement by first checking all the parameters.

DOM Trader settings

Additional settings of the DOM Trader allow you to customize general view for convenient display of data and the panel in general.

View settings

  • Show high/low. Display High / Low data on the price ladder;

  • Show last trade indicator. Graphic element in the form of a triangle on the price ladder, which shows at what price was the last trade;

  • Antagonistic size bars. A mode that allows you to place Ask and Bid volume on one or different sides of the Size column;

  • Full-size cells. Color scheme for Size column;

  • Show order entry. This option shows/hides an Order Entry on the panel for quick order placement;

  • Collapse spread. Hide or show the spread between the current Bid / Ask prices on the price ladder;

  • Show day map. Display the upper horizontal scale, which shows the current price position relative to the High and Low of the day;

  • Show toolbar. This option shows/hides the top toolbar with the trading symbol and expands the "useful" area of the panel. It is recommended to use this option with the symbol link.

  • Show Level 1 bar. Shows/hides the header pane, which contains Level 1 market data for the selected instrument.

Position Bar settings

At the bottom of the DOM Trader is the Position Bar, which displays a brief info about an open position on the current trading instrument β€” the number of contracts, the average open price, current profit and loss.

Hotkeys

The quick change order amount buttons will help you to change the specified amount in one click, based on your trading strategy. It is starts from 1 to 9 numbers on keyboard. You can set by default any parameters you need for quick change of values. And the buttons can change not only the specified position volume, but also apply any (!!!) formulas to calculate the order volume. To set personal values for a quick change of the order, you need to go to the settings of the chart in the menu section "Order entry" and find the field "OE buttons."

DOM Trader Columns

Liquidity changes column (known as Pulling and Stacking)

Pulling and Stacking describe the summary of the Liquidity Order Book (LOB) for Bid and Ask Side separately. Stacking shows an increasing Volume in the Order Book for the Sell-Side (Ask) or Buy-Side (Bid) and reflects therefore a supportive intention for the price to move in the corresponding direction. Whereas the Pulling shows a decrease in the Volume in the Order Book and therefore a lack of interest.

Number of changes

It shows how many times the values have changed at a particular price level (Bids x Asks) since the panel launched.

Cumulative changes

It shows the total volume that changed at a specific price level since the panel launched.

Why Number of Changes and Cumulative changes are important?

The liquidity in the Depth of market is constantly changing due to very different types of reasons. The fast changes occurring simultaneously on the bid and ask sides are very difficult to track with the naked eye. It becomes even worse when you have over 10 levels.

This is the part where the number of changes and cumulative changes comes on handy. For a buy trade, you would expect to see an increasing number of changes combined to higher cumulative changes showing increasingly adding liquidity at a higher pace. Even better, would it be combined to a higher cumulative change on the ask side to the downside, showing participants eager pulling out the liquidity.

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