Broker Profiles Overview

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Understanding Broker Profiles

Broker Profile is a set of connection parameters that is used to configure the connection to any of supported brokers.


Unlike a simple broker connection, Broker Profiles is a convenient way to configure the connection to different brokers and accounts. It is possible to create multiple profiles for the same broker, in case several accounts are going to be used.

Example: You have two accounts with Interactive Brokers: a simulation account and a live account. You can create two different Broker Profiles (i.e. “IB SIM” and “IB LIVE”) to be able to connect to both accounts simultaneously.

It is important to understand that in MultiCharts data feed and broker connections are separate types of connection.

Connection to data provider needs to be set up in QuoteManager, while the broker connection should be configured in MultiCharts itself.

All information about broker plug-in configuration is stored in a corresponding Broker Profile.

Example: If the chart has data from Interactive Brokers, IB automated trading plug-in is selected by default for this chart. Connection settings are the same as in the corresponding Broker Profile .

If the instrument on the chart is provided by a data vendor that is not a broker, then the default plug-in for automated trading will be the same as the first existing Broker Profile on the Trade Bar.

Example: If the first Broker Profile on the Trade Bar is Dukascopy and a new chart is created using eSignal data feed, then Dukascopy will be selected by default as the broker plug-in for automated trading.

Managing Broker Profiles

By default one can see only 3 Broker Profiles after the installation of MultiCharts: Interactive Brokers, OANDA and Rithmic 01.

To manage Broker Profiles:

  1. In the main menu select File.
  2. Point to Broker Profiles.
  3. Click Manage Broker Profiles...

To add new Broker Profile, click New on the right side of the Broker Profiles window and select a broker from the list.

To activate or deactivate a Broker Profile, select the profile and click the Activate or Deactivate buttons on the right side of the Broker Profiles window.

To connect or disconnect a Broker Profile, select the profile and click the Connect or Disconnect buttons on the right side of the Broker Profiles window.

To remove one of the existing Broker Profiles, select the profile and click the Remove button on the right side of the Broker Profiles window.

To edit a Broker Profile, select the profile and click the Edit button on the right side of the Broker Profiles window. Properties <Broker Profile name> window will open.

Broker Profile settings can also be configured by right-clicking the Broker Profile tab on Trade Bar (see Trade Bar), and clicking Edit Broker Profile.

Note: It is possible to review or edit Broker Profile settings while the profile is connected only using the Manage Broker Profiles… option.

To rename a Broker Profile, select the profile and click the Rename button on the right side of the Broker Profiles window.

Connecting/Disconnecting Broker Profiles

Connecting/Disconnecting Broker Profiles using the main menu

  1. In the main menu select File;
  2. Point to Broker Profiles;
  3. Click Connect <Broker Profile Name>.

Connecting/Disconnecting Broker Profiles Using Manage Broker Profiles… Option

  1. In the main menu select File;
  2. Point to Broker Profiles;
  3. Click Manage Broker Profiles...;
  4. Select the Broker Profile and click Connect/Disconnect.

Connecting/Disconnecting Broker Profiles on Trade Bar

  1. Right-click Broker Profile tab on Trade Bar (see Trade Bar),
  2. Click Connect/Disconnect Broker Profile.

Connecting/Disconnecting Broker Profiles on Chart Trading Panel

  1. Click the arrow on the Broker Connection button
  2. Select a broker in drop-down menu.
  3. Click the Broker Connection button to connect or disconnect Broker Profile.
Note: If you click the Broker Connection Button without selecting a profile in drop-down list, it will connect the first available profile (see Understanding Broker Profiles), or last used on this chart profile.

Connecting/Disconnecting Broker Profiles in DOM window

  1. Click the arrow on the Broker Connection button;
  2. Select a broker in drop-down menu;
  3. Click the Broker Connection button to connect or disconnect Broker Profile.
Note: Broker Connection indicator can be colored red, yellow or green depending on the connection status.
  c2.png Red means “disconnected”. 
  c1.png Yellow means “establishing connection”.
  3.png Green means that the profile is connected. 
Note: If you click the Broker Connection Button without selecting a profile in drop-down list, it will connect the first available profile(see Understanding Broker Profiles), or last used on this chart profile.


Connecting/Disconnecting Broker Profiles Using Auto Trading Execution Button

Click the SA/AA button 6.png / in the left top corner of the chart to connect the Broker Profile corresponding to auto trading plug-in that is selected for the chart start and auto trading.

Sound Alerts

Enable/disable sound alerts on Broker Profile connection, order generation and execution by one of the following methods:

  • Select File in the main menu, click Preferences, select the Trading tab and check/uncheck the Sound Alerts check box.

Troubleshooting

The log of establishing connection to a broker and connection issues can be viewed on the Logs tab of Order and Position Tracker window. If there are error lines in red that came from your broker, make all necessary settings corrections according to the indicated reason or contact your broker.