Patsystems Broker Profile: Difference between revisions
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Patsystems 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]]). | Patsystems 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]]). | ||
'''<div style="background-color: #E3FBE5;">Note: Patsystems Transaction Server may perform daily Forced Logout of your Patsystems API. As per API instructions, should the logout happen, shut down and restart MultiCharts and all related applications to re-establish connection to Patsystems.</div>''' | |||
====Setting up Patsystems Broker Profile==== | ====Setting up Patsystems Broker Profile==== |