To choose an iceberg type or configure the AlgoOrder Icebergs, right-click on the AlgoOrder Icebergs icon in the system tray and from the popup menu select the Configuration Manger.

Customize the application's properties as following:

• Long Name:
  

  This field contains the algorithmic order type name that will be displayed in the Special Orders dropdown list in CQGIC.
  It is advisable to use a descriptive name for this field.

• Short Name:
  This short form of the order type name is used in order ID or the UEName (e.g., COICBGxxxxyyyy-Z) in CQG IC. Although you may insert longer strings, CQG IC will use the first four characters of your entry to create the order UENames. This short form will also be used in the Special Orders dropdown button in CQG IC.
  It is advisable to use easily recognizable short names, no longer than four characters.

• Mode:
  Choose the prefered Iceberg type:

  • Smart Iceberg:
    This provides the iceberg order functionality to instruments that otherwise do not support it natively on the exchanges. Other than the regular order parameters, you also set the Iceberg Size parameter, which defines the maximum amount of the total order size that should be visible on the market at a time.
    Once a chunk is filled completely, ICBG places the next chunk, until the whole quantity is filled.
    The application calculates the distance of your order from the market and places the subsequent chunks at that distance from the market.

  • Random Iceberg:
    Other than providing the Smart Iceberg functionality, this type allows you to set minimum and maximum volume sizes and variates the volume of chunk orders at random, so that the algorithm shall be less predictable to others.
    

  • Smart Random Iceberg:
    Besides the Random Iceberg functionality, this type also allows you to set a Payup threshold criterion.
    When a minimum amount of the chunk is not traded at check time, Payup is initiated and the order is moved closer to the market by a number of ticks.
    You may find more details on Iceberg types in the Introduction section.
    
    

• Balloon Tip Level:
  Determines the lower level of importance that should be used to filter out events to be displayed as tool tips in the system tray area.

  • None: Nothing will be displayed.

  • Info: All events will be displayed.

  • Warning: Warning or Error events will be displayed.

  • Error: Only Error events will be displayed.

• Log Level:
  Messages received by the logger that are at or above the specified log level are delivered to the log file.

  • None: Nothing will be logged.

  • Info: All events will be logged.

  • Warning: Warning or Error events will be logged.

  • Error: Only Error events will be logged.

• Log File Max Size:
  Determines the size of the log file that when reached, the program will start writing into a new log file.
  The maximum allowed file size is 32768 KB or 32 MB.

• Log Files Max Count:
  Determines the number of log files that when reached, the program will delete the oldest file before starting a new log file.
  The maximum allowed number of log files is 100.

The AlgoOrder Icebergs application creates log files as specified in the Configuration Manager.

You can access the AlgoOrder logs by right-clicking on the program icon in the system tray and selecting Show Logs. Search for the file names with the "CQGAlgoOrder" prefix.