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== Setting Up AutoTrading Auto Trading in MultiCharts ==
# Determine the symbol to plot on a chart. In QuoteManager, verify that that the '''Price Scale''', '''Min Movement''', and '''Big Point Value''' settings for the symbol are correct. MultiCharts will have the correct settings for most of the symbols, but it is not possible to cover every symbol. If these settings are not correct, then the chart will not plot properly and orders may be rejected by the execution gateway. To learn more, see [[Setting Properties]].
# Select the '''Auto Trading''' tab.
# Select the '''Require order confirmation''' check box to have the opportunity to confirm or reject each order before it is sent to the execution gateway.
# Select '''Replace to Market Partially Filled Orders''' check box to automatically convert the remaining portion of a partially filled limit order into a market order. For example, there is a sell limit order above the market price for 10 contracts. The trading price touches the sell limit price, but pulls back. Six of the contracts are filled and the remaining four contracts are unfilled. MultiCharts will convert the sell limit order for the remaining contracts to a sell market order at the close of the bar. (e.g., If the chart is plotting 5 minute bars, then the remaining portion of the limit order will be converted to a market order at the close of the 5 minute bar.)<br><br><div style="background-color: #E3FBE5;">Note: As long as there is a partially filled order, MultiCharts will always convert the order as described in Since Multicharts 11 Beta 1 this step regardless of any settings that are in '''Unfilled Strategy Order Replacement'''. If option has been replaced with the order was not partially filled and '''Unfilled Strategy Order [[Auto_Trading#Partially_Filled_Orders_Replacement|"Partially Filled Orders Replacement''' was turned on, then MultiCharts will convert the order according to the settings in '''Unfilled Strategy Order Replacement'''"]] controls.</div><br># Select the '''Show order execution status''' check box to have a status message displayed every time an order is sent, canceled, filled, or rejected, or any other informational message is received from the gateway application. <br><br><div style="background-color: #E3FBE5;">Note: Since Multicharts 9.0 this option has been disabled.</div><br>
# Select the '''Audio Alert''' check box and choose a sound file to activate an audio alert every time a notification window appears.
#: Selecting an Alert Sound File:
## 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]].
## Select 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) ''' option for synchronous auto trading mode (SA).## Select In '''Entries/Exits are independent of the execution confirmation by the broker (Async)asynchronous ''' option in the mode '''Mode Selection[AA] ''' section for Asynchronous the strategy on the chart starts auto trading mode (AA)based on the historically calculated orders and open position, displaying all generated by the script orders on chart even if an order was not executed at broker. If In AA is selected, two group boxes become availablestrategy on chart acts separately from broker.<br><br>#: 'To use asynchronous mode for auto trading select ''''Unfilled Strategy Order Replacement''Entries/Exits are independent of the execution status at the broker (Async)'''.#: This feature gives the strategy the ability to automatically convert limit orders or stop orders into market orders after a certain period of timeTo learn more, see [[Auto_Trading#Mode Selection|Mode Selection in Auto Trading Mode]].#:* Select In the '''Convert unexecuted limit or stop entry orders Assign Initial Market Position to market ordersStrategy''' check box to convert unexecuted limit or stop entry orders to market after a specified number of seconds. Enter section choose the number of seconds in the list boxinitial position.#:* # Select '''Convert unexecuted limit or stop exit orders to market ordersFlat''' check box to convert unexecuted limit or stop exit orders set the initial position to market after a specified number of seconds0. Enter the number of seconds in the list box.<br><div style="background-color: #E3FBE5;">Note: The waiting period for converting unfilled limit or stop orders to market orders must be less than the duration of a single bar. </div><br><div style="background-color: #E3FBE5;">Note: As long as the order is completely unfilled, MultiCharts will always convert the order as described in this step regardless of any settings under Select '''Replace to Market Partially Filled Orders'''. If there is a partially filled order and From Chart'''Replace to Market Partially Filled Orders''' was turned on, then MultiCharts will convert set the order according initial position to the settings in '''Replace to Market Partially Filled Orders''position that's on the chart.</div><br><br>#:# Select '''''Assign the Initial Market Position at the From Broker Settings'''''#:To learn more, see [[Working with AutoTrading#Synchronization of to set the initial position the Market Position in same as actual position at the Auto trading Mode|Synchronization of Market Position in Auto Trading Mode]]broker.#:* # Select '''Show the Assign the Initial Market Position at the BrokerAlways show dialogue window''' radio button 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 '''Do not show the Assign the Initial Market Position at the BrokerShow dialogue window only if market position on chart is different from broker''' radio button to set display a dialog box to input the initial position here instead of in the dialog boxonly when there is a difference between chart position and broker position.<br>There are two choices:#::* Select If AA is selected, the '''Assume the initial Show dialogue window only if market position at the on chart is different from broker FLAT''' to set the initial position to 0.#::* Select option is replaced with '''Assume the initial Show dialogue window only if market position at the broker the SAME AS on the CHARTchart is not flat''' to set the initial position to the position that's on the chart.<br> #::<div style="background-color: To learn more, see [[Auto_Trading#E3FBE5;">Note: Assign the Initial Market Position at the Broker Settings|Synchronization of the Market Position in the Auto Trading Mode may not work correctly if pyramiding was used in the strategy]]. It may also not work correctly if more than one active entry was generated on a chart when auto trading is launched. The reason for this limitation is that dialog window is set up to define only one active entry.</div># Choose the broker/gateway from the list box in the ''''''[[Auto Trading#Select Broker Plug-in|Select Broker Plug-in]]'''''' section.
# Click '''Settings'''.
# Input the settings for the appropriate broker/gateway.
#*# If there are orders pending, a dialog box will appear to ask if pending orders should be cancelled. Select '''Cancel Orders''' or '''Do Not Cancel Orders''' to proceed.
#*# If there are open positions, a dialog box will appear to ask if open positions should be closed. Select '''Close Positions''' or '''Do Not Close Positions''' to proceed.
#*# The Auto Trading Status Switch will turn gray which means auto trading is turned off.
#* Turning off auto trading from the main menu
#*# Select '''Format''' and deselect '''Automate Order Execution'''.
#*# If there are orders pending, a dialog box will appear to ask if pending orders should be cancelled. Select '''Cancel Orders''' or '''Do Not Cancel Orders''' to proceed.
#*# If there are open positions, a dialog box will appear to ask if open positions should be closed. Select '''Close Positions''' or '''Do Not Close Positions''' to proceed.
#*# The Auto Trading Status Switch will turn gray which means auto trading is turned off.
== Enabling and Disabling Auto Trading on Multiple Charts ==
Since MultiCharts 14 it is possible to enable automated trading on all charts from all of the currently open MultiCharts desktops.<br>
To ''turn on'' auto trading on several charts:
# Select '''Format''' from the main menu.
# Click '''Enable Automated Order Execution for Multiple Charts'''.
Or
# From the '''Main''' toolbar select the '''Enable Automated Order Execution for Multiple Charts option'''.
In the opened up window put the checkmark next to the strategies/workspaces/desktops that you would like to enable.
The window displays the essential information about the signals applied to each chart, the selected mode of trading (SA or AA), the selected broker plugin and the [[Auto_Trading#Assign_the_Initial_Market_Position_at_the_Broker_Settings|Assign the Initial Position]] option.<br>
To ''turn off'' auto trading on several charts:
# Select '''Format''' from the main menu.
# Click '''Disable Automated Order Execution for Multiple Charts'''.
Or
# From the '''Main''' toolbar select the '''Disable Automated Order Execution for Multiple Charts''' option.
== Managing Active Orders and Open Positions ==
If you want to enable or disable the pending orders dialog box when turning off auto trading, select '''File''' in the main menu, click '''Preferences''' and select the '''Trading''' tab. In the section '''Managing active orders when autotrading is turned off''', choose the necessary option:
*Cancel active orders sent by the strategy;
*Do not cancel active orders sent by the strategy;
*Require manual confirmation
If you want to enable or disable the open position dialog box when turning off auto trading, select '''File''' in the main menu, click '''Preferences''' and select the '''Trading''' tab. In the section '''Managing open position when autotrading is turned off''', choose the necessary option:
*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]]