A system and method are provided for trading a trading strategy defined
for at least one tradeable object in an electronic trading environment.
More specifically, one example method includes using a first pay-up tick
value to determine a first acceptable price level for an order associated
with the trading strategy, automatically modifying the first pay-up tick
to a second pay-up tick value in response to detecting a predefined
condition, and using the second pay-up tick value to determine a second
acceptable price level for the order associated with the trading
strategy.