Conditional Orders & Alerts

StreetSmart.com Conditional Orders & Alerts functions gives you sophisticated risk management tools that allow you to monitor the market and protect your positions even when you're not logged in.

From the Conditional Orders & Alerts tab, you can easily create conditional orders and alerts that will trigger off the Bid, Ask or Trade Price of a security, including Trailing Stops.

Get a quick overview of the Conditional Orders & Alerts feature in this self-paced Conditional Orders & Alerts training course.

Alert Criteria:

Alerts can use a single "absolute" criterion to set off (trigger) the alert. Once the alert condition is met, no additional calculations are required before the alert is fired. There are two absolute criteria:

• Greater than or Equal to
• Less than or Equal to

Alerts can also use a single "variable" criterion to trigger the alert. The variable criterion is based on a change from a value that is determined at the time that the alert is created. If you create an alert to fire when the Bid for a particular security gains 1 point, StreetSmart.com will reference the current inside Bid at the moment that the alert was created. There are two variable criteria:

• Gains
• Loses

StreetSmart Edge Alerts on StreetSmart.com

All conditional orders and alerts set in StreetSmart Edge will display in your StreetSmart.com Alerts tab and vice versa. You can deactivate all conditional orders and alerts in either place regardless of which platform it was set on, but you can only create and edit simple and intermediate conditional orders and alerts on StreetSmart.com. To set up advanced or more complex alerts, use StreetSmart Edge.  

StreetSmart Only: Brackets, Conditional Orders, and Alerts created in the StreetSmart platforms can only be viewed and managed from the StreetSmart family of applications and are not currently available from Schwab.com or other Schwab applications.

Alert Persistence

StreetSmart.com Alerts supports server-held alerts and conditional orders which keep your alerts active regardless of logon status and strengthen your ability to manage risk. There are two type of persistent alerts:

• Persistent Alerts:
  Alerts remain active, unless they are triggered or reach the expiration date you set. This alert can be set up at any time, but will be active only during the standard trading session.
• Alerts will reinitialize or reset each day based on the inside bid/ask at opening.  For example: New Enhanced Alert 9 (Alert 9): If GE's bid loses 5 percent then sell 2,000 shares of GE at market on SmartEx and beep. If the alert does not fire on the first day it is active it will reinitialize the next day at the opening bid/ask and reset the trigger price.
• Day Alerts:
  Regardless of your logon status, these alerts will remain active for the current day, unless triggered, during the current standard session and will automatically deactivate at market close (4:00 p.m. ET). To make your alert persistent for the day, click the Expiration drop-down and select Today . Day Alerts can be set up any time but must be manually activated by you on the day you wish to use them. This alert type can be activated anytime beginning at midnight ET and throughout the trading day until market close.

Viewing Alerts on Charts

Get a visual depiction of your alert on your charts, showing on the chart the point at which your alert will be triggered.

From the Alerts drop-down button at the top of the chart, select Show All. This will display the alert trigger price during the regular session only.