MB Trading Broker Profile
To connect MultiCharts to MB Trading broker, it is necessary to have MB Trading software installed on the computer.
To download the latest version of MBT Desktop, follow the link: http://www.mbtrading.com/mbtDesktop.aspx.
To get latest version of MBT Desktop PRO, follow the link: http://www.mbtrading.com/mbtDesktopPro.aspx
MB Trading software should be installed, but one can’t use it simultaneously with MultiCharts.
Open position Profit/Loss is calculated in MultiCharts as it is not provided by MB Trading API.
Unrealized Profit/Loss for the account is calculated in MultiCharts.
For FOREX trade size should be equal to the amount of units, not trade lots.
MB Trading does not support Native One-Cancels-Others group. In this case MultiCharts emulates OCO group on its end. Simulated 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 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).
Setting up MB Trading Broker Profile
In the Properties MB Trading window (see Managing Broker Profiles) enter the information provided by MB Trading:
- Authority section
Enter Login and Password.
- Connection Settings section
Configure timer to reconnect if link to MB Trading is lost.
- Default Order Settings section
It is possible to reset default order Routes.
- Unrealized Profit Calculation Mode section
Select one of the two modes to calculate unrealized profit: using Best Bid & Best Ask or Last Trade.