QB Strobe
Instructions
Trade on schedule and attempt to capture the spread. This algo positions itself for opportunities to capture the spread while keeping to a user-defined time schedule.
To access QBALGOS from Mosaic Order Entry
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Enter your futures order into the Order Entry panel.
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Select Advanced to display more order parameters.
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From the Destination field select QBALGO.
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From the Algo parameters list, select the QB Algo to use, in this case select Strobe.
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Click the "star" icon to add QBALGOs to the favorites list. Going forward, it will appear as a selection in the order type field and you can select it without going into the advanced window.
Parameters
Field Name |
Description |
Valid Values/ Default Value |
|---|---|---|
| Start Time | Optional: Set a start time. | |
| End Time | Set an end time. | Required if Duration is not set. |
| Duration (Minutes) | Set the maximum time to work the order, in minutes. | Required if End Time is not set. |
| Benchmark | Choose from Volume-Weighted Average Price (VWAP) or Time-Weighted Average Price (TWAP) benchmarks. |
|
| Volume % | Enter percentage of volume. | From 0.0 to 1.0 |