System and method for automated trading

A method including:

• receiving, via a user input device of an electronic trading device, a user profile defining a trading strategy for a tradeable object according to user-provided parameters;
• receiving, via a market input device of the electronic trading device, streaming market information for the tradeable object;
• automatically continually calculating, via a processor of the electronic trading device, a value for an order price and a value for an order quantity for an order to be sent for the tradeable object, the value for the order price and the value for the order quantity being continually calculated based on the user-provided parameters and the streaming market information according to changes in market conditions as the streaming market data is received;
• prior to sending the order, dynamically displaying, via a graphical user interface of the electronic trading device, in a scratch pad area of the graphical user interface, the value for the order price and the value for the order quantity for the order to be sent as the order price and the order quantity are continually calculated;
• prior to sending the order, receiving, via the graphical user interface of the electronic trading device in the scratch pad area from a user, a direct entry value, wherein the direct entry value replaces one of the value for the order price and the value for the order quantity for the order to be sent;
• prior to sending the order and in response to receiving the direct entry value, stopping continually calculating, via the processor of the electronic trading device, the one of the value for the order price and the value for the order quantity for the order to be sent replaced by the direct entry value;
• prior to sending the order and in response to receiving the direct entry value, stopping dynamically displaying, via the graphical user interface of the electronic trading device, in the scratch pad area of the graphical user interface, the one of the value for the order price and the value for the order quantity for the order to be sent replaced by the direct entry value and displaying the direct entry value in the scratch pad area;
• prior to sending the order, automatically continually calculating, via the processor of the electronic trading device, the other of the value for the order price and the value for the order quantity for the order to be sent that was not the one replaced by the direct entry value;
• receiving, via the electronic trading device, a trigger to send the order to an electronic exchange to trade the tradeable object subsequent to receiving the direct entry value, wherein the order includes the one of the value for the order price and the value for the order quantity replaced by the direct entry value and the other value that was not the one replaced by the direct entry value;
• and
• in response to receiving the trigger, sending, via the electronic trading device, the order to the electronic exchange.