×

Sign up and get MultiCharts free

Use its powerful simulation mode with data included out of the box. Just fill out the form and start honing your trading skills with a few clicks.

Changes - MultiCharts
Open main menu

Changes

Rithmic 01 Broker Profile

525 bytes added, 13:31, 2 October 2023
no edit summary
'''<div style="background-color: #E3FBE5;">Click [http://www.multicharts.com/downloads/tutorials/rithmic01_broker.mp4 here] to see the video tutorial on how to connect Rithmic 01 Broker Profile.</div>'''<br> Set up Rithmic 01 Broker broker profile should be selected and set '''only''' if you have '''Rithmic Live account'''. In case If you have Rithmic Paper Trading account, it is necessary to set up configure '''[[Rithmic Paper Trading Broker Profile|Rithmic Paper Trading Broker Profile]]'''.If you need '''data''' from Rithmic data source, make sure you have [[Rithmic 01|'''Rithmic data feed''']] set up.
If MultiCharts sends a stop order with the price equal to current market price or better (guaranteed to be executed) it will be rejected by the broker. Therefore, MultiCharts converts such stop orders into market orders.
Unrealized Profit/Loss for the account is calculated by Rithmic broker and displayed in MultiCharts.
Rithmic does not support Native One-Cancels-Others groupOpen positions for symbols with hyphen in the name (spreads) are filtered out. In this case MultiCharts emulates OCO group on its end. Simulated OCO-group means that all OCO orders are sent to the brokerOrder and Position Tracker, price is monitored by MultiCharts and once one of the orders is filled, other orders from this OCO group positions are cancelled by MultiCharts. When one of the OCO orders is filleddisplayed only for individual symbols, MultiCharts sends a command to cancel the second OCO order to broker. Note that the second order may also be filled if price reaches its level before the cancellation is processed by the broker (see [[Trading Risks#OCOthey exist in R-Orders Risk|OCO-Orders Risk]])Trader.
==Rithmic supports Native One-Cancels-Others group. Native OCO-group is used when the broker’s plug-in supports OCO-groups. In this case all OCO orders are sent to the broker directly and unfilled OCO orders will be cancelled by the broker (see [[Trading Risks# OCO-Orders Risk|OCO-Orders Risk]]). ==Setting up Rithmic 01 Broker Profile====
In the '''Properties Rithmic 01''' window (see [[Broker Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by the broker to connect to Rithmic:
# Authority Authorization section. <br/> Enter '''Login''' and '''Password'''. <br/> SSL certificates path is set up by default.# Connectivity section. <br/> Select the deployment to use out of the pre-built Rithmic connection configurations. By default it is set to required '''System''' and '''Rithmic 01Gateway'''in the corresponding fields. <br/> ''Don’t adjust anything else in this section. '' <br/> The '''Reset''' button nearby Deployment next to '''Aggregated Quotes''' is to restore correct default connection settings.# Default Order Settings section. <br/> Click '''Lookup ''' and wait a bit while MultiCharts receives '''Trade Route ''' information from the Broker. It will be necessary is possible to select one of the a specific '''Trade Routes from the dropdown menu, depending on the traded instrumentRoute''' for each '''Exchange'''<div style="background-color: #E3FBE5;">Note: In case Trade Route search gives no results, most likely the Login or password or other settings are incorrectThe selected option will be saved once you click OK. </div>
<div style="background-color: #E3FBE5;">'''Note:''' In case Trade Route search gives no results, most likely the login or password or other settings are incorrect. </div>
If you’d like to use the Rithmic account in MultiCharts and in the Rithmic software simultaneously you need to enable the '''Connect via R|Trader Pro''' option in '''File''' -> '''New''' -> '''QuoteManager''' -> '''Tools''' -> '''Data Sources''' -> '''Rithmic 01''' -> '''Settings'''. If this option is enabled, it is necessary to have Rithmic software running.
<div style="background-color: #F0F8FF;">After the broker profile is set up, you can select it for trading, see the '''[[How to Select a Broker Account For Trading]]''' guide.</div>
[[Category:Broker Profiles]]