LMAX Broker Profile: Difference between revisions
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(Created page with "Stop orders are not supported by LMAX. Stop orders are emulated by MultiCharts. Once the stop price is reached, a market order is sent. Stop-Limit orders are not supported by...") |
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Unrealized Profit/Loss for the account is calculated by LMAX broker and displayed in MultiCharts once in 10 seconds. | Unrealized Profit/Loss for the account is calculated by LMAX broker and displayed in MultiCharts once in 10 seconds. | ||
LMAX does not support Native One-Cancels-Others group. In this case MultiCharts emulates OCO group on its end. Simulated OCO-group means that all OCO orders are sent to the broker, price is monitored by MultiCharts and once one of the orders is filled, other orders from this OCO group are cancelled by MultiCharts. When one of the OCO orders is filled, MultiCharts sends a command to cancel the second OCO order to broker. Note that the second order may also be filled if price reaches its level before the cancellation is processed by the broker (see OCO | LMAX does not support Native One-Cancels-Others group. In this case MultiCharts emulates OCO group on its end. Simulated OCO-group means that all OCO orders are sent to the broker, price is monitored by MultiCharts and once one of the orders is filled, other orders from this OCO group are cancelled by MultiCharts. When one of the OCO orders is filled, MultiCharts sends a command to cancel the second OCO order to broker. Note that the second order may also be filled if price reaches its level before the cancellation is processed by the broker (see [[Trading Risks# OCO-Orders Risk|OCO-Orders Risk]]). | ||
====Setting up LMAX Broker Profile==== | ====Setting up LMAX Broker Profile==== |