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This option sets the timeout to cancel market Market orders that were not filled within the specified time(30 seconds by default) will be canceled. <div style="background-color: #E5F6FF;">'''Example''': Default 30 second timeout is set;<br>12:00:00 Strategy Calculation at close of bar # 51 - place market order to buy at open of next bar;<br>12:00:01 Strategy Calculation at open of bar # 52 - market order to buy is placed at broker;<br>12:00:10 Strategy Calculation at close of bar # 52 - no market order to buy at open of next bar should be placed;<br>Default 30 second countdown has been startedstarts:<br>12:00:40 - market order is cancelled.</div>
Whenever automated When auto trading is turned on , a strategy starts working with a particular specific market position. <br>Depending on the mode of auto trading the , this position can vary. In [SA] mode it is always flat on chart when you turn it on, but in [AA] mode it can be short, flat or long, depending on what was generated in backtesting trades (to learn more see [[#Mode_Selection|Mode Selection]]). <br>This option allows you to control the initial market position for the strategy to start calculation and order generation with when you turn on automated auto trading.
=== Cancel Expired Market Orders After X Seconds ===
<br>
With the help of these options one can have unexecuted entry/exit price orders converted into market orders when the specified timeout is exceeded or upon bar close.
The timer is launched depending on the option “Get realtime data Real-Time Data from”and the mode of auto trading. In '''SA''' mode:
* when set to “Broker”, the timer starts when the '''price at the broker''' touches the order’s price;
* when set to “Chart”, the timer starts when the order price is hit '''on a chart'''.
<div style="background-color: #E3FBE5;">'''Note''': If the order price is not hit at broker/chart then the order will not be converted.</div>
<br>
In '''AA''' mode conversion will start when an order is filled on a chart.
The conversion algorithm is the following:
# The Auto trading engine system receives an order filling event on the chart.
#* If an identical order is now placed on the broker, the timer for conversion is launched.
#* If this order is not placed on the broker yet, MultiCharts remembers that on this bar it is necessary to convert this particular order.
# The Auto Trading engine places an order that needs conversion. The timer for conversion is launched.
=== Partially Filled Orders Replacement ===
<div style="background-color: #E5F6FF;">'''Example''':
Auto trading mode is Async. (see [[Understanding Automated Trade Execution]]), Get Real-Time from Chart is selected, there is an executed entry and a trailing stop is sent. The trailing order price is calculated based on the entry order fill price at the broker and the real-time price from the chart.</div>
# From Broker: Asks and Bids are taken from the connected broker.<div style="background-color: #E3FBE5;">'''Note''': '''From Broker''' option is not available for asynchronous mode [AA]</div>
# From Chart: depends on the BackTesting Mode:<BR>
::a) If it is Classic Backtesting, then the data is taken from the data series 1;<BR>
===Assign Initial Market Position to Strategy===
The available options are:
:* '''Flat ''' - the initial position will be flat. <br> <div style="background-color: #E3FBE5;">'''Example''': Assume that according According to your backtesting , the current position is 1 contract long and your real broker position is 1 contract short. With this option you will have +1 on your chart, flat for auto trading engine within the software and -1 short at broker, when the automation is turned on. </div>
:* '''From Chart''' - the initial position will be the same as the position on the chart.
:* '''From Broker''' - the initial position will be the same as the actual position at the broker when automation is enabled.:* '''Always show dialog window''' - to get the dialog every time the automation is enabled, no matter what is the strategy position is at that moment.<br> <div style="background-color: #E3FBE5;">'''Note''': It is extremely important for [SA] mode, because it is always flat when automation is turned on in [SA].</div>
:* '''Show dialog window only if market position on chart is different from broker''' - to get the dialog when the chart and broker positions do not match.
