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# Select '''File''' in the main menu, click '''Preferences''', select the '''Trading''' tab
# Enable the '''recived from broker''' button to use the price received from broker or the '''calculated based on order(s) execution price''' button to use the price calculated by MultiCarts based on entry order(s) execution price.
'''Exit Orders Management'''
Exit strategies applied to an open position change the number of contracts according to the current position size.
Exit strategies applied to active orders do not change number of contracts regardless of the open position size (do not "jump" onto the active position after the parent order was filled). They remain active and keep protecting orders that were generated by the parent order.
Number of contracts for exit strategies applied to the open position changes taken into account strategies applied to filled orders and their effect on the overall position. In other words, strategies applied to the position protect the remainder that is not protected by strategies applied to individual orders.
If a position was opened by an order that has an exit strategy attached from a flat position, then this strategy is applied to the entire position and “protects” it (see Eaxmple 2 below).
Exit strategies applied to positions and strategies applied to orders are visually different on both on the chart and in the DOM: exits strategies applied to positions have “p” letter to the left of the number of contracts.
<div style="background-color: #E5F6FF;">Example 1 - Shows exit strategy attached to the individual order:
# Open position is -1 contract.
# Sell limit order for 1 contract is sent to broker.
# Profit Target exit strategy is attached to the sell limit order.
# Sell limit order is filled. Profit Target becomes active. Open position is -2 contracts. Profit Target size is 1 (attached to the order, not the position).
# Sell market order for 2 contracts is sent to broker.
# Sell market order is filled. Open position is -4 contracts. Profit Target size is 1.</div>
<div style="background-color: #E5F6FF;">Example 2 - Shows exit strategy auto-attached to an order opening the position from a flat position:
# Open position is flat.
# Buy market order for 100 contracts with a Master Strategy auto attached to it is sent to broker.
# Buy market order is filled. Master Strategy becomes active. Open position is +100 contracts. Master Strategy size is 100.
# Buy stop order for 200 contracts is sent to broker.
# Buy Stop order is filled. Open position is +300 contracts. Master Strategy size is 300 (protects entire position since the position was opened by an order that has an exit strategy attached from a flat position).</div>
<div style="background-color: #E5F6FF;">Example 3 - Shows exit strategy attached to the entire position:
# Open position is +50 contracts.
# Buy market order for 100 contracts with a Master Strategy auto attached to it is sent to broker.
# Buy market order is filled. Master Strategy becomes active. Open position is +150 contracts. Master Strategy size is 100 (attached to the order, not the position).
# Buy stop order for 200 contracts is sent to broker.
# Buy Stop order is filled. Open position is +300 contracts. Master Strategy size is 300(attached to the position).</div>
<div style="background-color: #E5F6FF;">Example 4 - Shows both exit strategy attached to the entire position and exit strategy attached to an individual order:
# Open position is +10 contracts.
# Stop-Loss #1 exit strategy is applied to the open position. Stop-Loss #1 size is 10.
# Buy stop order for 5 contracts is sent to broker.
# Stop-Loss #2 exit strategy is applied to the buy stop order. Stop-Loss #2 size is 5.
# Buy stop order is filled. Stop-Loss #2 becomes active. Open position is +15 contracts. Stop-Loss #1 size is 10. Stop-Loss #2 size is 5.
# Buy market order for 10 contracts is sent to the broker.
# Buy market order is filled. Open position is +25 contracts. Stop-Loss #1 size becomes 20 (attached to the position). Stop-Loss #2 size is 5 (attached to the order, not the position).</div>
'''OCO-Orders'''
