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Depth of market (DOM)

6,600 bytes added, 22:58, 23 February 2012
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See [[Orders and Strategies]].
 
==Setting Order Quantity==
 
Set order quantity by one of the following methods:
* Type in order quantity in Order Quantity box http://www.multicharts.com/img/wiki/dom/10.png in DOM window; or:
* Click the Trading Calculator button http://www.multicharts.com/img/wiki/dom/11.png.
 
Calculator automatically increases the current trade size setting by one, e.g. if you had 1 in order quantity field, calculator would automatically make it 2.
 
You can modify the number of contracts by pressing +1, +2, +5 etc. buttons. Zero button resets the number of contracts to zero.
 
Buttons on the left side of the calculator contain 6 last values.
 
You may set this number of contracts by pressing those buttons. To apply the modifications click OK, to cancel the modifications click Cancel.
 
==Setting Time in Force==
 
To set time in force of the order, use the Time in Force box in DOM window.
* DAY – Good for one day
* GTC – Good ‘Til Cancelled
* GTD – Good To Date
* IOC – Immediate or Cancel Order
 
==Order status types==
 
MultiCharts DOM indicates different order statuses with different colors.
* Order status – Sent http://www.multicharts.com/img/wiki/dom/12.png
* Order status – Submitted http://www.multicharts.com/img/wiki/dom/13.png
* Order status – Inactive (Tot Triggered) http://www.multicharts.com/img/wiki/dom/14.png
* Order status – PreCancelled, PreModified http://www.multicharts.com/img/wiki/dom/15.png
 
==Order Modification==
 
Order modification allows modifying price level and changing the quantity of the active order that has not been filled yet.
 
'''Modifying price levels'''
 
To modify an order price, drag and drop the order marker to desired price level.
 
http://www.multicharts.com/img/wiki/dom/16.png
 
To cancel price adjustment, press the Esc button before you release left mouse button.
 
'''Changing Quantity'''
 
Change quantity of the order by one of the following methods:
* Click on the order marker on the chart to call context menu, select Modify Quantity and select the quantity; or:
* Click on volume value on order marker on the chart and modify the quantity in Trading Calculator (see Trading Calculator).
 
'''Managing Multiple Orders with the same price'''
 
If you place two or more orders of the same type at the same price level, they will be displayed as one order with the actual number of orders shown in brackets. Unlike Chart Trading panel, if you drag and drop such group of orders in DOM, all orders will be replaced.
 
http://www.multicharts.com/img/wiki/dom/17.png
 
To modify quantity or cancel every single order in such group, right-click on the orders group in DOM to see the shortcut menu, select Modify Quantity or Cancel Order and click on the order ID. To cancel all orders in a group, click Cancel All Orders in this Cell.
 
If you place two or more orders of the same type at the same price level, they will be displayed one above the other showing bottom order color at the right side of the displayed order. To switch between the orders click on this color marker at the right side of the displayed order.
 
http://www.multicharts.com/img/wiki/dom/18.png
 
http://www.multicharts.com/img/wiki/dom/19.png
 
In case of Entry and Exit strategies to switch between different strategies click on the Switch button.
 
http://www.multicharts.com/img/wiki/dom/20.png
 
http://www.multicharts.com/img/wiki/dom/21.png
 
==Reverse position==
 
To reverse current position:
* Click the Reverse button; or:
* Right-click on the Average Entry Price highlighted in white to see the shortcut menu and click Reverse Position.
 
==Close Position==
 
Close the position by one of the following methods:
* Click the Close button http://www.multicharts.com/img/wiki/dom/22.png on Chart Trading Panel;or:
* Click on the X on order/strategy marker; or:
* Right-click on the Average Entry Price highlighted in white to see the shortcut menu and select Close Position.
 
Closing the current position cancels the orders associated with it. It also cancels all pending orders.
 
==Cancelling orders==
 
Cancel separate threads or the order/strategy completely by one of the following methods:
* Click on the X button on order/strategy marker; or:
* Right-click the order to see the shortcut menu and select Cancel Order.
 
To cancel all Buy orders, click on the Cancel button http://www.multicharts.com/img/wiki/dom/23.png at the left of Buy Mkt button.
 
To cancel all Sell orders, click on the Cancel button http://www.multicharts.com/img/wiki/dom/23.png at the right of Sell Mkt button.
 
==Resizing DOM==
 
DOM window height can be customized. To resize the whole DOM window or change the depth, drag the bottom of the scale.
 
==Always Show Entire Number option==
 
Always Show Entire Number feature affects the type of volume numbers indication.
 
When '''Always Show Entire Number''' feature is enabled, volume quantity in Bid and Ask price scales will be indicated as is, i.e. full-length.
 
When '''Always Show Entire Number''' feature is disabled, and volume quantity in Bid and Ask price scales is more than 999, the quantity will be indicated rounded or abbreviated.
 
Examples
 
Quantity Always Show Entire Number ON Always Show Entire Number OFF
33,000 33,000 33K
25,700,000 25,700,000 25.7M
25,700,001 25,700,001 25.7M
25,763,275 25,763,275 25.8M
 
To enable/disable Always Show Entire Number feature, right-click anywhere on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu, then check/uncheck Always Show Entire Number feature.
 
==How to Change Font Size==
 
Font settings can be easily customized in select font… menu. Right-click anywhere on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu and click Select Font…
 
==Default Order Colors==
Order/Strategy Color RED GREEN BLUE
Breakeven Strategy Yellow 255 255 0
Breakout Down/Fade Strategy DarkCyan 0 139 139
Breakout Strategy MediumPurple 147 112 219
Breakout Up/Fade Strategy Sienna 160 82 45
Fade Strategy OliveDrab 107 142 35
Limit Order Green 0 255 0
Stop Limit Order Magenta 255 0 255
Stop Loss Strategy Red 255 0 0
Stop Order Sienna 160 82 45
Take Profit Strategy LimeGreen 50 205 50
Trailing Stop Strategy Orange 255 165 0
 
==How to Customize DOM Colors==
 
Right-click anywhere on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu and select '''Format Colors…''', then click on the color to customize it.
 
Select one of the standard 40 colors from the palette box, or click the Other button to choose custom colors.
[[Category:Manual Trading]]

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