Deribit Broker Profile

From MultiCharts
Jump to navigation Jump to search

OCO group is emulated by MultiCharts. Emulated OCO group means that all OCO orders are sent to the broker, price is monitored by MultiCharts and once one of the orders is filled, other orders from this OCO group are cancelled by MultiCharts. When one of the OCO orders is filled, MultiCharts sends a command to cancel the second OCO order to the broker. Note that the second order may also be filled if price reaches its level before the cancellation is processed by the broker (see OCO Orders Risk).

Deribit Broker Profile

All types of orders are supported:

  • Market orders
  • Limit orders
  • Stop orders
  • Stop-Limit orders

Deribit provides information on the list of accounts, balance, and open positions. Equity is calculated by MultiCharts. Open position Profit/Loss and Unrealized Profit/Loss is calculated in MultiCharts as it is not provided by BitMEX.

Setting up Deribit Broker Profile

In the Deribit Settings window (see Managing Broker Profiles) enter the information provided by Deribit.

1. Main tab:
Connectivity section
  • Enter your API key and Secret key for Deribit.
  • In the Currency section you can select the base currency.
Default Order Settings section
  • Select Time in Force.
  • Use the option Orders request waiting limits to enable automatic monitoring or requests from MultiCharts.
Note: Deribit has limitations for the number of requests from one IP per minute.
Global section
  • You can set the Timing security interval to specify the time during which the request is considered to be active.
  • Enable the option Use heartbeats for connection loss detection to automatically restore the connection with the Deribit server in case of temporary connection loss.
  • Use Show Error pop-up alert to receive alerts.
2. Contracts Ratio tab:
  • Here you can check the ratio for one contract in MultiCharts.
Note: MultiCharts does not support fractional shares. For trading crypto symbols Contracts Ratio was added into Deribit broker settings. For example, the Contracts Ratio for BTC symbols is 10. When you buy 1 contact in MultiCharts, 10 contracts will be bought at Deribit.
After the broker profile is set up, you can select it for trading, see the How to Select a Broker Account For Trading guide.