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Set order quantity by one of the following methods: | 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: | * 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 . | * 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. | 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. | ||
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You may set this number of contracts by pressing those buttons. To apply the modifications click OK, to cancel the modifications click Cancel. | 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]] | [[Category:Manual Trading]] |