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Getting Started with AutoTrading

548 bytes added, 15:33, 27 January 2023
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## Enter the path and name of the wave (.wav) sound file to be used into the '''File''' text box, or click the '''...''' http://www.multicharts.com/img/wiki/portfolio/ellipse.gif button on the right side of the text box for '''Open''' dialog box, navigate to and select a sound file, and click the '''Open''' button.
## Click the '''Test''' button to test the alert.
## Select '''Play Once''' or '''Repeat''' for the alerts to be played once or repeatedly, respectively. # In the '''Price Orders Emulation''' section you can switch between native and emulated Stop, Limit and Stop-Limit orders. This feature requires real-time data subscription on your broker account.#* '''Native orders''' are server-side orders. As soon as an order is sent to the broker, it is managed by the broker.#* '''Emulated orders''' are managed in MultiCharts, and when the price conditions are met, MultiCharts sends a market or a limit order to the broker.
# In the '''Mode Selection''' section, there are two options: synchronous and asynchronous [[Understanding Automated Trade Execution|mode]].
## In '''synchronous''' mode '''[SA]''' one can see the same open market position and active orders on the chart as at broker. All orders generated by historical calculation during Backtesting are wiped out from the chart when auto execution is turned on. Executed order is displayed only if it has been executed at broker and the final status of the order has been received by MultiCharts. To use synchronous mode for auto trading select '''Entries/Exits are based on the execution confirmation by the broker (Sync)'''.
## Select '''From Broker''' to set the initial position the same as actual position at the broker.
## Select '''Always show dialogue window''' to display a dialog box to input the initial position and average entry price. This dialog box will appear when auto trading is turned on in the chart (see last step).
## Select '''Show dialogue window only if market position on chart is different from broker''' to display a dialog box to input the initial position only when there is a difference between chart position and broker position. #: If AA is selected, the '''Show dialogue window only if market position on chart is different from broker''' option is replaced with '''Show dialogue window only if market position on chart is not flat'''.
#: To learn more, see [[Auto_Trading#Assign the Initial Market Position at the Broker Settings|Synchronization of Market Position in Auto Trading Mode]].
# Choose the broker/gateway from the list box in the ''''''[[Auto Trading#Select Broker Plug-in|Select Broker Plug-insin]]'''''' section.
# Click '''Settings'''.
# Input the settings for the appropriate broker/gateway.
#* SA Mode
#*# Select the [[Auto_Trading#Distinguished Features of Auto Trading|Auto Trading Status Switch]] and select '''Automate Order Execution'''.
#*# Make sure that the proper Broker Plug-in is selected. You can click on the name to access it's its properties. If the wrong Broker Plug-in is selected, then please click '''No''', and select the correct one in Auto Trading settings.
#*# Read the disclaimer and click '''Yes'''.
#*# The button will turn green which means auto trading is on.
#* AA Mode
#*# Select the [[Auto_Trading#Distinguished Features of Auto Trading|Auto Trading Status Switch]] and select '''Automate Order Execution'''.
#*# Make sure that the proper Broker Plug-in is selected. You can click on the name to access it's its properties. If the wrong Broker Plug-in is selected, then please click '''No''', and select the correct one in Auto Trading settings.
#*# Read the disclaimer and click '''Yes'''.
#*# If '''Show the Assign the Initial Market Position at the Broker dialogue''' was selected earlier, then a dialog box will appear.<br>Enter the initial market position and average entry price. Then select '''Yes'''.
#*# Select '''Format''' from the main menu.
#*# Select '''Automate Order Execution'''.
#*# Click on the switch and select '''Automate Order Execution'''.#*# Make sure that the proper Broker Plug-in is selected. You can click on the name to access it's its properties. If the wrong Broker Plug-in is selected, then please click '''No''', and select the correct one in Auto Trading settings.
#*# Read the disclaimer and click '''Yes'''.
#*# The button will turn green which means auto trading is on.
#*# Select '''Format''' from the main menu.
#*# Select '''Automate Order Execution'''.
#*# Click on the switch and select '''Automate Order Execution'''.#*# Make sure that the proper Broker Plug-in is selected. You can click on the name to access it's its properties. If the wrong Broker Plug-in is selected, then please click '''No''', and select the correct one in Auto Trading settings.
#*# Read the disclaimer and click '''Yes'''.
#*# If '''Show the Assign the Initial Market Position at the Broker dialog''' was selected earlier, then the dialog box will appear. Input the initial market position and average entry price. Then select '''Yes'''.
#*# The button will turn green which means auto trading is on.
 
== Turning off Auto Trading in MultiCharts ==
== Managing Active Orders and Open Positions ==
If you do not want to see enable or disable the pending orders dialog box when disabling turning off auto trading , select '''File''' in the main menu, click '''Preferences''', and select the '''Trading''' tab and check . In the section '''Do not show cancel Managing active orders confirmation dialog when disabling auto tradingautotrading is turned off''' check box. , choose the necessary option:
There are two options available:
*Cancel active orders sent by the strategy;
*Do not cancel active orders sent by the strategy.;*Require manual confirmation
If you do not want to see enable or disable the open position dialog box when disabling turning off auto trading , select '''File''' in the main menu, click '''Preferences''', and select the '''Trading''' tab and check . In the section '''Do not show close Managing open position confirmation dialog when disabling auto tradingautotrading is turned off''' check box. , choose the necessary option:
There are two options available:
*Close the open position opened by the strategy;
*Do not close the open position opened by the strategy.;*Require manual confirmation
<div style="background-color: #E3FBE5;">Note: If the workspace (or MultiCharts) was closed while auto trading mode was enabled on one or several charts, a dialogue asking you if you want to enable auto trading on these charts on restart. Click '''Yes''' to enable auto trading or '''No''' to open charts with auto trading disabled.</div>
[[Category:AutoTrading]]