AutoScanTrade Lite
Lite is the desk with the automation taken out. You get the same scanner, chart, ladder and manual trading, with the same stops and targets, running on the same engine. What Lite does not do is trade for you.
What is the same
Everything you look at and everything you press. Lite is the full program with one group of features switched off.
| In Lite | What you get |
|---|---|
| The scanner | Every filter, session set, column and alert type, including the float estimate and its age, news and SEC filings, and halt and limit-band handling. |
| Gappers, watchlist, new highs, news | All four windows, unchanged. |
| The trading panel | BUY, SHORT, sell, cover, sell half, FLATTEN ALL and cancel, limit or market on each, with the order-size modes and every hotkey. |
| MANUAL TRADING | Every setting a manual trade uses, long and short. |
| Locates | The locates window, borrow status and locate prices for short selling. |
| Exits | Take profit, stop loss and their units, trailing stops with width and step, and the per-side auto exit, on the same engine the full desk uses. |
| Ladder and chart | The trade ladders, and the chart with its indicators, levels and signal arrows. |
| Risk controls | The risk row: daily loss limit, trade limits and losing-streak pauses. |
| Sounds | Every event sound, from a SOUNDS button on the WINDOWS row. |
| Paper mode | Paper trading against live prices, so you can practise before you risk anything. |
| The order log | What was sent, what the broker said, what filled, what was refused and what exited, plus halts, locates, risk and news. |
The MANUAL TRADING window holds every setting a manual BUY or SHORT uses: take profit, stop loss and their units, the per-side auto exit, the trailing stop with its width and step, and how the order is placed (entry and exit offsets, fill or kill, track, free entry). Long on the left, short on the right. Nothing in it is held back.
What the full desk adds
Trading without you, and the windows that review it.
| Full desk only | What it does |
|---|---|
| AUTO/BOT | The automation window: the entry engines, their rules and filters, chart-signal entries, and the profiles that hold them. |
| Arming a side | AUTO - LONG and SHORT: letting the desk take entries on its own. |
| The fleet | Up to twenty profiles at once against the same market. |
| The schedule | Starting a paper session and the fleet on the clock. |
| DAY TARGET | A target for the day that closes everything and stops automatic entries when it is reached. |
| The journal | Reading your closed trades back: the day, the calendar, the costs, the notes. |
| ANALYSE | Every profile ranked by what it did, across every journal, filtered any way you like. |
What you see instead
In Lite the automation controls are simply not drawn. AUTO/BOT is not on the windows row, and SCHED and FLEET are not in the header, so there is nothing to press by mistake.
JOURNAL, ANALYSE and DAY TARGET stay on screen, greyed. Rest the mouse on one and it tells you what the full desk does with it.
The order log shows the order path and the news, as it does by default everywhere. The full desk has a show everything tick that adds the desk's own bookkeeping; Lite leaves it out, so the log stays about your orders.
Your trades in Lite
In Lite, the order log keeps every order and your broker's reply, and the CLOSED window lists each closed trade with its costs and the reason it closed.
The journal is not part of Lite. The JOURNAL window, its calendar and ANALYSE belong to the full desk.
One program, not two
Lite and the full desk are the same program file. A small text file beside it, tier.txt, says which version you have.
- Lite gets every fix the full desk gets, the day it ships.
- Moving up changes nothing on your computer except which features answer. Your settings, layout and watchlist stay where they are.
- The limits are checked inside the program, where a feature would act, not just by hiding its button, so a hotkey or an old saved setup cannot reach a full-desk feature from Lite.
Moving to the full desk
Nothing is reinstalled and nothing is migrated. The features that were quiet start answering.
Take profit, stop loss and trailing stops are managed by the software on your computer, in Lite exactly as in the full desk. They are not resting orders at your broker, and nothing protects a position while the program is closed, the computer is asleep or the data stops arriving. Read more.