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This option, formerly known as "Cancel Market Orders as Obsolete If not Filled Within X Seconds", sets the timeout to cancel market orders that were not filled within the specified time. If the option is not enabled any market order (30 seconds by default) will be cancelled in 40+ seconds automaticallycanceled.<div style="background-color: #E5F6FF;">'''Example''': the feature Default 30 second timeout is not enabledset;<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 40 seconds 30 second countdown has been startedstarts:<br>12:00:50 40 - market order is cancelled.</div>
Whenever automated trading is turned on a strategy starts working with a particular market position. Depending on the mode of auto trading the 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 (to learn more see [[#Mode_Selection|Mode Selection]]). This option allows you to control the initial market position for the strategy to start calculation and order generation when you turn on automated trading.The available options are:
The following options are available:* '''Flat ''' - the initial position will be flat.<br> <div style="background-color: #E3FBE5;">'''Example''': 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 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.
:* === Set TIF for order types ===Select the '''FlatTime in Force (TIF)''' for each order type:* Market * Limit* Stop* Stop- the initial market position at the broker is assumed to be flat when automation is enabled.<br><div style="background-colorLimit These controls work as a dropdown list with all TIFs supported in MultiCharts: #E3FBE5;">'''Example''': Assume that according * Default (corresponds 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 value from the software and -1 short at broker, when the automation is turned on. </div>plugin settings) * DAY* GTC:* '''From Chart''' - GTD (includes the initial position will be set corresponding additional control to select the one number of days)* IOC* FOK* AONThe list depends on chartwhat TIFs are supported by the broker.:* '''From Broker''' - the initial position The selected TIF values will be the same as the actual position at used to send orders into the broker when automation is enabledplugin.:* '''Always show dialog window''' - this box should be checked to get the Assign the Initial Market Position Dialogue every time If the automation selected TIF is enablednot supported by a broker profile, no matter what the strategy position is at that momentvalue from the [https://www.multicharts.com/trading-software/index. It is extremely important for [SA] mode, because it is always flat when automation is turned on php?title=Auto_Trading#Select_Broker_Plug-in [SAbroker plugin settings]will be taken.</divstyle="background-color: #E3FBE5;">:* '''Show dialog window only if market position Notes''':# Some brokers may change TIF on chart their end – MultiCharts doest not regulate it.# The described behaviour is different from broker''not applicable' - with this option enabled the dialogue window will appear when the position on the chart differs from the broker's position. Thus you will have an opportunity to assign the correct position in case there is a differencebacktesting.</div>
=== Cancel Expired Market Orders After X Seconds ===
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In order to apply the changes one needs to disconnect the broker profile and reconnect it.
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=== Self-Adaptive Trading ===
Check the Enable box to run periodic re-optimization of the strategy on new data.
See the [[Self-Adaptive Trading]] page for more info.
=== 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'''.
<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 ===
<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>
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===Assign the Initial Market Position to Strategy === When auto trading is turned on, a strategy starts working with a specific market position.<br>Depending on the mode of auto trading, 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 backtesting trades (to learn more see [[#Mode_Selection|Mode Selection]]).<br>This option allows to control the initial market position for the strategy to start calculation and order generation with when you turn on auto trading.
===Select Broker Plug-in===
* [[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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