Auto Chase Example #1
Chase Limit - 5
Buy Limit Price - 1000 (SP Emini contract)
Chase - Enabled
Current Bid - 1000.25
In this example, if the bid moves up to 1000.50, Auto Chase will adjust the buy limit price to 1000.25, subsequently each additional tick rise in price on the bid will adjust the buy limit price accordingly to a maximum price of 1001.25 which is Buy Limit Price + Chase Limit = 1000 + 5 ticks = 1001.25.
Auto Chase Example #2
Chase Limit - 5
Buy Limit Price - 1000 (SP Emini contract)
Chase if touched - Enabled
Current Bid - 1000.25
This example works in the same manner as example #1 with the exception that chasing does not start until the bid has touched the limit price of 1000.
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