266
edits
Changes
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=== Cancel Expired Market Orders as Obsolete If not Filled Within After X Seconds ===
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=== Stop auto-trading if final status of an order is not received ===
There is a possibility of a situation when broker's API loses the order and does not send the status for it at all or sends it with a big delay.
MultiCharts waits for the order status for 60 seconds by default (60 seconds between MultiCharts asking for the order status and receiving or not receiving the order status). If no feedback is provided for the order within 60 seconds by the broker - this order is considered to be cancelled/no longer present at the broker. In such situation the message '''“Didn’t receive final status for order”''' appears in the Order and Position Tracker window Logs tab. If the order was cancelled but the order generation conditions are still valid in the code – the signal generates the order and sends it to the broker again while the order generation conditions are met in the code. If the previous order (lost by the API/not sent to MC) is still active – an overfill is possible.
When this option is enabled the auto-trading will be automatically turned off once the final status for an order sent by this strategy is not received. This option does not manage the open position/active orders. By default this option is disabled.
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=== Stop auto-trading after X rejected orders ===
When enabled the auto-trading will be automatically turned off after the specified number of the strategy orders is rejected. By default this option is disabled.
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=== Emulate Stop orders locally Price Order Emulation ===<div style="background-color: #E3FBE5;">'''Note: This feature is available since MultiCharts 10.0 Beta 1.'''</div><div style="background-color: #E3FBE5;">Note: This feature requires realtime data subscription on your broker account.</div>When this option is enabled a stop order is emulated by MultiCharts - once the stop price level is reached by the corresponding ask or bid series, a market order is sent to the broker.In case Stop and/or Stop-Limit order emulation is enabled - the emulated OCO group is used, disregard the broker profile/autotrading plugin settings.
Since '''MultiCharts 12''' it is possible to switch between native and emulated Stop, Limit and Stop-Limit orders in both auto trading and manual trading. This feature requires realtime data subscription on your broker account. When a Stop/Limit order is emulated - once the Stop/Limit price level is reached by the corresponding Ask/Bid or Trade prices, a market/limit order is sent to the broker correspondingly. When a Stop-Limit order is emulated - once the Stop price level is reached by the corresponding Ask/Bid or Trade prices, a Limit order is sent to the broker. In case Stop, Limit and/or Stop-Limit order emulation is enabled - the emulated OCO group is used, disregard the broker profile/auto trading broker plugin settings.
To enable the Stop, Limit or Stop-Limit order emulation for automated trading select '''Emulate locally using Bid/Ask''' or '''Emulate locally using Trade''' from the dropdown list next to the corresponding order type. Leave the settings to '''Use native''' if using price order emulation is undesirable.
In order to apply the changes one needs to disconnect the broker profile and reconnect it.
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=== Emulate StopSelf-Limit orders locally Adaptive Trading ===<div style="background-color: #E3FBE5;">'''This feature is available since MultiCharts 10.0 Beta 1.'''</div><div style="background-color: #E3FBE5;">Note: This feature requires realtime data subscription on your broker account.</div>When this option is enabled a stop-limit order is emulated by MultiCharts - once the stop price level is reached by the corresponding ask or bid series, a limit order is sent to the broker.In case Stop and/or Stop-Limit order emulation is enabled - the emulated OCO group is used, disregard the broker profile/autotrading plugin settings.
=== Unfilled Strategy Order Replacement ===
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'''.
Operation of these options depends on the [[Signal Settings#Intra-Bar Order Generation|Intra-Bar Order Generation (IOG)]]:
# IOG disabled - if the timer has started but the bar closed faster than timeout exceeded, then the price order is converted into a market order without waiting for the timeout to exceed;
<div style="background-color: #E3FBE5;">'''Note''': If the order price is not hit at broker/chart then the order will not be converted.</div>
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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 ===
=== Get Real-Time Data from ===
This option affects special orders monitoring and defining the moment to convert price orders into market ones.
<div style="background-color: #E3FBE5;">'''Note''': Special trailing stop order (''SetDollarTralingSetDollarTrailing'') will be calculated based on the distance from the entry price order to the real-time price. The entry price is defined by the broker. In MC this price is the real price of order fill. It doesn't depend on trading mode or the source of real time.<br>''i_OpenEquity'', ''OpenPositionProfit'' keywords are not affected by this option, they are always calculated from chart prices.</div>
<div style="background-color: #E5F6FF;">'''Example''':
# 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>
====Understanding Strategy Calculation in Different Modes====
There are 3 separate market positions when strategy is auto-trading in MultiCharts:
# '''Broker position'''. This is '''net position for a traded security at your broker account''' that takes into consideration all trades. It can be seen on [[Order and Position Tracker#Open Positions Tab| Open Positions tab of Order and Position Tracker]].
# '''Auto-trading engine position'''. This is '''inner position of the strategy on a specific chart''' calculated by the software. It can be seen on [[Order and Position Tracker#Strategy Positions tab| Strategy Positions tab of Order and Position Tracker]].
# '''Chart position'''. This is the '''position generated by orders visually executed on chart'''. It has nothing to do with open position horizontal drawing shown when you open [[Chart Trading]] panel.
When you auto trade '''in SA (sync. mode) the 2 and 3 are the same''', what you see on the chart is synchronized with auto-trading engine. When '''you use AA (async. mode), you may have to deal with 3 different positions''': what you have on broker, what you see on chart, what MC thinks it is.
====Market Position Checking Keywords====
# [[MarketPosition_at_Broker]]. Returns '''broker position'''.
# [[MarketPosition_at_Broker_for_The_Strategy]]. Returns MC '''auto-trading engine position'''.
# [[MarketPosition]]. Returns '''chart position''' (only direction).
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===Assign the Initial Market Position at the Broker Settings to Strategy===
:* Show the Assign '''Flat ''' - the Initial Market Position at the Broker Dialogue<br>By default this variant is selected. If market initial position on the chart is not flat and automation is turned on, than the Assign the Initial Market Position Dialogue window will pop up. There the direction of current market position, number of open contracts and average entry price can be putflat.<br><div style="background-color: #E3FBE5;">'''NoteExample''': 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.: The * '''Show Alwaysshow dialog window''' box should be checked - to get the Assign the Initial Market Position Dialogue dialog every time the automation is enabled, no matter what is the strategy position by 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.
=== Set TIF for order types ===Select the '''Time in Force (TIF)''' for each order type:* Market * Limit* Do not Show Stop* Stop-Limit These controls work as a dropdown list with all TIFs supported in MultiCharts:* Default (corresponds to the Assign value from the Initial Market Position at broker plugin settings) * DAY* GTC* GTD (includes the additional control to select the Broker Dialogue<br>When this variant is selected it opens three sub variants:<br>number of days)* IOC* FOK:* '''Assume AONThe list depends on what TIFs are supported by the broker.The selected TIF values will be used to send orders into the Initial Market Position at broker plugin.If the Broker''' selected TIF is always '''FLAT''' when automation is enablednot supported by a broker profile, the value from the [https://www.multicharts.com/trading-software/index.php?title=Auto_Trading#Select_Broker_Plug-in broker plugin settings] will be taken.<br><div style="background-color: #E3FBE5;">'''ExampleNotes''': Assume that 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 # Some brokers may change TIF ontheir end – MultiCharts doest not regulate it. </div>:* '''Assume the Initial Market Position at the Broker''' # The described behaviour is ''not applicable'the SAME AS on the CHART when automation''' is enabled.:* '''Use the actual position at the broker''' - the initial position will be the same as actual position at the broker when automation is enabledto backtesting. <br/div>
===Select Broker Plug-in===
* Any Auto Trading parameters are changed
* Connectivity between MultiCharts and the execution gateway has been lost and the disconnection time (of the broker profile) exceeded the specified acceptable level.
* [[Auto_Trading#Stop_auto-trading_if_final_status_of_an_order_is_not_received|"Stop auto-trading if final status of an order is not received"]] option has come into effect* [[Auto_Trading#Stop_auto-trading_after_X_rejected_orders|"Stop auto-trading after X rejected orders"]] option has come into effect* You have got a [[Fail-Watch and Trading System Warnings]] alert
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