Rithmic 01 Broker Plug-in
Rithmic 01 Broker Plug-in should be selected and set only if you have Rithmic Live account. In case you have Rithmic Paper Trading account, it is necessary to set up Rithmic Paper Trading Broker Plug-in.
If you need data from Rithmic data source, make sure you have 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.
Stop-Limit orders: if at the moment an order is sent its stop level or both stop and limit levels are met, then it will be converted to limit order.
Buy Stop-Limit orders with Stop level higher than Limit level and Sell Stop-Limit orders with Stop level lower than Limit level are rejected by the broker.
Open position Profit/Loss is calculated by Rithmic broker and displayed in MultiCharts.
Unrealized Profit/Loss for the account is calculated by Rithmic broker and displayed in MultiCharts.
Rithmic 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 Rithmic 01 Broker Plug-in
In MultiCharts Main Menu go to Format and select Strategy Properties. Click Auto Trading tab and select Rithmic 01 (see Auto trading settings) then click Settings tab:
- Authorization section.
Enter Login and Password.
SSL certificates path is set up by default.
- Connectivity section.
Select the deployment to use one of the pre-built Rithmic connection systems. By default it is set to Rithmic 01.
Don’t adjust anything else in this section.
The Reset button nearby Deployment is to restore correct settings.
- Default Order Settings section.
It is obligatory to specify an account in Account field to send orders to. Click Lookup and wait a bit while MultiCharts receives Trade Route information from the Broker. It is possible to select a specific Trade Route for each Exchange. The selected option will be saved once you click OK.
Select one of the four available Time In Force order parameters.
- DAY; or:
Order is canceled if it does not execute by the close of the trading day. Unless otherwise specified, every order is a Day order.
- FOK (Fill or Kill Orders); or:
Specifying that the order must execute immediately and in its entirety, or be canceled.
- GTC (Good-Til-Cancelled); or:
Order will continue to work within the system and in the marketplace until it executes or is canceled.
- IOC (Immediate-or-Cancel); or:
Any portion of an order that is not filled as soon as it becomes available in the market is canceled.