1,501
edits
Changes
Jump to navigation
Jump to search
no edit summary
MultiCharts DOM displays up to 10 levels of market depth. 10 levels is the limit, if the broker provides less data, DOM displays fewer levels of market depth.
http://www.multicharts.com/img/wiki/dom/1.png
Ask and Bid Size is shown in Buy and Sell columns respectively.
<div style="background-color: #E3FBE5;">Note: Please check if you have a subscription for depth-of-market data for the particular symbol that you are going to use in the DOM. Dukascopy and FXCM brokers cannot be used for DOM trading since they do not support depth-of-market.</div>
==Dynamic and Semi-Static Modes==
MultiCharts DOM has two modes: dynamic and semi-static.
Dynamic DOM mode means the DOM window will automatically re-center after each new tick (price update) received. This mode is very useful for scalping strategies.
To enable Dynamic mode right-click anywhere on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu and check Dynamic Price Scale.
http://www.multicharts.com/img/wiki/dom/2.png
If Dynamic Price Scale option is disabled, DOM operates in semi-static mode.
Semi-static DOM mode means the DOM window will re-center once the current price hits the upper or lower boundary of the window. A 5 second countdown precedes re-centering.
Static DOM has been patented by Trading Technologies: absolutely static DOM, no auto-recentering. MultiCharts DOM is semi-static meaning that it will move without input from the user (i.e. if the price goes off the screen), which creates the possibility of making an error during input. It was implemented this way in order not to violate the patent.
http://www.multicharts.com/img/wiki/dom/3.png
Regardless of the DOM mode that is selected, to center last trade price double click on the Price column.
==Creating New DOM Window==
Open a new DOM window by one of following methods:
* Click the New DOM Window http://www.multicharts.com/img/wiki/dom/4.png icon on the Main toolbar, or:
* In the main menu select File, then point to New and click DOM Window, or:
* Use Ctrl+Alt+Ins keys combination on the keyboard
==Selecting Broker==
To select a broker, click on the arrow next to the Broker Connection button http://www.multicharts.com/img/wiki/dom/5.png and select a broker from the list.
For more info see [[Broker Profiles]].
==Connecting / Disconnecting Broker Profile==
When a broker is selected, click on the Broker Connection button http://www.multicharts.com/img/wiki/dom/5.png to connect/disconnect it. When MultiCharts is establishing the connection with the broker, the Broker Connection button is yellow. Once the connection is established, it becomes green.
You can also right-click anywhere on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu and click Connect / Disconnect Broker Profile.
For more info see [[Broker Profiles]].
==Selecting Account==
Select the account number in the Account Selector box http://www.multicharts.com/img/wiki/dom/6.png
==Selecting Instrument==
To select the instrument you want to trade with:
* Type in the symbol name into the Instrument Selector field and press Enter; or:
* Click on the Lookup button to select the necessary symbol from the database.
<div style="background-color: #E3FBE5;">Note: To be able to trade the instrument in DOM, you should add it to the Quote Manager (see [[Operating Symbol List]]).</div>
==PnL and Current Position==
PnL and Current Position box indicates Current Position and Profit and Loss. Positive value (profit) is colored green, negative value (loss) is colored red.
Profit and Loss can be indicated in:
Ticks http://www.multicharts.com/img/wiki/charttrading/5.png, percents http://www.multicharts.com/img/wiki/charttrading/6.png and dollars http://www.multicharts.com/img/wiki/charttrading/7.png.
To change indication type, click on PnL and Current position box.
AvgEntry Price of the position is highlighted in white in Price column.
http://www.multicharts.com/img/wiki/dom/7.png
==One-Click Order Placing==
DOM window allows you to place Market, Stop, Limit and Stop-Limit orders with just one click.
'''Require Order Confirmation'''
To enable order confirmation, right-click anywhere on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu and check the Require Order Confirmation check box.
When Require Order Confirmation check box is checked you will see Place Order confirmation window every time you place an order. Check the Do not ask me again check box to disable order confirmation.
'''Placing Market Orders'''
To place Market orders ,use the Buy Mkt and the Sell Mkt buttons under the price ladder.
Order Size is defined by Quantity field, Time In Force (TIF) is defined by the value set in the Time In Force field.
'''Placing Limit Orders'''
Place a Limit order by one of the following methods:
* Click on price scale near corresponding price in Bid Size column (buy order) or Ask Size column (sell order). Order Volume is defined by Qty field (see Setting Order Quantity), Time In Force (TIF) is defined by the value set in Time In Force field (see Setting Time in Force); or:
http://www.multicharts.com/img/wiki/dom/8.png
<div style="background-color: #E3FBE5;">Note: If you click below Best Ask price in Sell column or above Best Bid price in Buy column, a Stop order will be sent by default. To send Sell limit orders below Best Ask price or Buy limit orders above Best Bid price hold Shift button and click on the price at which you want to send an order.</div>
* Drag-and-drop Limit order icon to the price scale near corresponding price in Bid Size column (buy order) or Ask Size column (sell order). <div style="background-color: #E3FBE5;">Note: If you drag and drop limit order icon above Best Ask price, a Sell Limit order will be placed regardless of the column where you drag the order to (Buy or Sell). If you drag and drop limit order icon below Best Bid price, a Buy Limit order will be placed regardless of the column where you drag the order to (Buy or Sell).</div>
* Hold the Ctrl (or Shift) key on the keyboard and click Buy Bid/ Buy Ask or Sell Bid/Sell Ask buttons. <div style="background-color: #E3FBE5;">Note: When the Ctrl key is held, the Buy Mkt and the Sell Mkt buttons will become Buy Bid and Sell Bid buttons respectively. When the Shift key is held, the Buy Mkt and the Sell Mkt buttons will become the Buy Ask and the Sell Ask buttons respectively.</div>
'''Placing Stop Orders'''
Place a Stop order by one of the following methods:
* Click on price scale near corresponding price in Bid Size column (buy order) or Ask Size column (sell order). Order Volume is defined by Qty field (see Setting Order Quantity), Time In Force (TIF) is defined in Time In Force field(see Setting Time in Force) ; or:
http://www.multicharts.com/img/wiki/dom/9.png
<div style="background-color: #E3FBE5;">Note: If you click above Best Ask price in Sell column or below Best Bid price in Buy column, a Limit order will be sent by default. To send Sell Stop orders above Best Ask price or Buy limit orders below Best Bid price hold Ctrl button and click on the price at which you want to send an order.</div>
* Drag-and-drop of Stop order icon to the price scale near corresponding price in Bid Size column (buy order) or Ask Size column (sell order). Order Volume is defined by Qty field (see Setting Order Quantity), Time In Force (TIF) is defined by the value set in the Time In Force field (see Setting Time in Force). <div style="background-color: #E3FBE5;">Note: If you drag and drop Stop order icon above Best Ask price, a Buy Stop order will be placed regardless of the column where you drag the order to (Buy or Sell). If you drag and drop limit order icon below Best Bid price, a Sell Stop order will be placed regardless of the column where you drag the order to (Buy or Sell).</div>
'''Placing Stop-Limit Orders'''
Place a Stop-Limit order by one of the following methods:
* Click on price scale near corresponding price in Bid Size column or Ask Size column while holding Ctrl+Shift buttons. Order Volume is defined by Qty field(see Setting Order Quantity), Time In Force (TIF) is defined in Time In Force field (see Setting Time in Force).
* Drag-and-drop of Stop-Limit order icon to the price scale near corresponding price in Bid Size column or Ask Size column. Order Volume is defined by Qty field(see Setting Order Quantity), Time In Force (TIF) is defined by the value set in the Time In Force field (see Setting Time in Force). <div style="background-color: #E3FBE5;">Note: When Require Order Confirmation check box is checked, Stop Limit price level can be customized in confirmation window. When Require Order Confirmation check box is unchecked, Stop Limit price level will correspond to the level where it is placed (see Require Order Confirmation).</div>
==Place Order==
Place Order menu allows you to place Stop, Limit and Stop-Limit orders as well as to automate certain methods of entering or exiting positions. It’s perfect for avoiding repetitive tasks, increasing your productivity and focusing on trading. Automation is especially useful when you need to apply an order pair quickly.
http://www.multicharts.com/img/wiki/charttrading/12.png
Place Order menu strategies give you competitive advantage over other traders: they allow you to exit the position faster than others. They also reduce the risk of two orders execution and would be especially useful for traders who use pyramiding strategies. Each strategy is an OCO group – if one order is filled, the other is canceled.
Note: Not all brokers support server-based OCO groups. Consequently, there is no 100% guarantee that only one order will be executed (See [[OCO-Orders Risk]])
Orders and Entry Strategies icons are rearranged automatically: the last used icon is displayed in the top left corner of the menu.
To expand or collapse the Place Order menu, use the Expand/Collapse buttons.
To scroll icons in the Place Order menu, use the Scroll buttons.
[[Category:Manual Trading]]
