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Depth-of-Market window displays market depth, PnL, current positions as well as pending orders and provides one-click trading features. Entry and exit automation can be set up directly in the DOM window making it a unique and self-sufficient tool for manual trading(see [[Orders and Strategies]]).
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.
==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(see [[Orders and Strategies]]).
http://www.multicharts.com/img/wiki/charttrading/12.png
To scroll icons in the Place Order menu, use the Scroll buttons.
'''OCO-Orders'''
One Cancels Other (OCO) orders are the price orders sent in a group. When any of OCO orders is filled or partially filled, the system cancels or reduces size of other orders in this OCO-group.
<div style="background-color: #E3FBE5;">Note: Reduce size functionality is supported by Interactive Brokers only: if one order in OCO group is partially filled, others are reduced in size proportionally. </div>
All Entry Strategies are placed with OCO-orders.
There are two types of OCO-groups in MultiCharts: Native and Simulated.
Native OCO-group is used when the broker’s API supports OCO-groups. In this case all OCO orders are sent to the broker directly and unfilled OCO orders will be cancelled by the broker. (Native OCO-group is supported by Interactive Brokers and FXCM).
Simulated OCO-group means that all OCO orders will be sent to the broker, but once one of them is filled, other orders from this OCO group will be cancelled by MultiCharts. In this case, when one of the OCO orders is filled, MultiCharts will send a command to cancel or reduce size of the second OCO order to the broker.
Please note that in case of high market volatility there may be not enough time to cancel the order and therefore both orders may be filled. Both orders also may be filled in the unlikely event of crash or connection loss.
All OCO-orders of the same group will have the same OCO-ID. You may check it in the Orders tab of the [[Order and Position Tracker]] window.
==[[Orders and Strategies]]==
[[Orders and Strategies]]
[[Category:Manual Trading]]
