How can I create an alarm for a particular product?

To set up Alerts in the Trader Workstation, right click on the symbol you wish to set the Alert for and left click on the "Alert" bell icon in the right click menu. If you wish to create a simple Price alert, you can do so from the "Configure Price Condition" pop up window. If you wish to create a different alert such as a Trade alert, Margin Cushion alert, Volume alert, etc., click the "Advanced Settings" button to choose your alert type…

To delete an alert that you have set up, click on the Analytical Tools menu option in TWS and select Alerts. All of your alerts will be listed on the window that populates.

Left-click on the active, blinking alert that you wish to turn off. If you wish to disable an alert, click on it and click the "Deactivate" button on the right side. If you wish to delete the alert altogether, choose the "Delete" option. Once finished, simply close out the window…

At this time there is no way to place a monthly recurring trade.

However, you could set a series of Alerts to trigger an order at a designated date and time (in this case at the same time each month). To set up Alerts in Trader Workstation, right click on the symbol you wish to set the Alert for and left click on the "Alert" bell icon in the right click menu. Click the "Advanced Settings" button to choose a "Time" Alert. Click "Next" and a "Create Condition" window will populate where you can configure the time you wish to have your order triggered. Once configured, click Finish…

The easiest way to find the multiplier for a particular product is through the Description window in Trader Workstation:

1. Right click on the product in question and select Financial Instrument Info followed by Description or Details…