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Trade Bar

2,320 bytes added, 15:36, 14 February 2012
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Set order quantity by one of the following methods:
* Type in order quantity in Order Quantity box http://www.multicharts.com/img/wiki/tradebar/6.png on Trade Bar; or:
* Click the Trading Calculator button http://www.multicharts.com/img/wiki/tradebar/7.png .
Calculator automatically increments the current trade size setting by one, e.g. if you had 1 in order quantity field, calculator would automatically make it 2.
You may set this number of contracts by pressing those buttons. To apply the modifications click OK, to cancel the modifications click Cancel.
 
== Price Level Selector==
 
Price Level Selector http://www.multicharts.com/img/wiki/tradebar/8.png allows you to set the price of your order with just a few clicks. It also shows Bid and Ask prices without opening charts or DOM windows.
 
By default Price Level Selector shows an average price of bid and ask.
 
Click on the arrow at the right of Price Level Selector to see the range of prices. Three colored prices are: pink price at the top is ask, blue price at the bottom is bid, green price in the middle is an average price of bid and ask.
 
Scroll the list of prices up or down, using up and down arrows. To set the price for Limit, Stop or Stop-Limit order just click the price that you need.
http://www.multicharts.com/img/wiki/tradebar/9.png
 
== Setting Time in Force ==
 
To set time in force of the order, use the Time in Force box on the Trade Bar.
* DAY – Good for one day
* GTC – Good ‘Til Cancelled
* GTD – Good To Date
* IOC – Immediate or Cancel Order
 
http://www.multicharts.com/img/wiki/tradebar/10.png
 
==One-click order placing==
 
Market, stop, limit and stop limit orders can be sent directly from Trade Bar.
 
Choose the order type in the Order Type box http://www.multicharts.com/img/wiki/tradebar/11.png.
 
When the order type is chosen, place an order by pressing the Buy Mkt / LMT / STP / STL http://www.multicharts.com/img/wiki/tradebar/12.png or the Sell Mkt / LMT / STP / STL http://www.multicharts.com/img/wiki/tradebar/13.png buttons on the Trade Bar.
 
Order Size is defined by Qty field, Time In Force is defined by the value set in the Time In Force field (see [[Setting Order Quantity]] and [[Time In Force]]).
 
If the market type of order is selected then the market price is chosen by default.
 
If the limit/stop/stop limit type of order is selected then limit/ stop/ stop limit price box comes up where you can set stop and limit prices.
 
Select the price by one of the following methods:
* Enter the price manually in the Limit/Stop/Stop Limit Price box; or:
* Choose the price using the Price selector
 
'''Note''': if you do not see the order on the chart/in DOM window and/or do not see any change in your current position (in case of a market order), please check the Logs tab of Order and [[Position Tracker]] for error messages (e.g. Order Breaks Limits).
[[Category:Manual Trading]]

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