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There 2 checkboxes in this sections. If they are checked: # The first With the help of these options one converts can have unexecuted limitentry/stop only entry exit price orders to converted into market orders after X secondswhen the specified timeout is exceeded or upon bar close.The timer is launched depending on the option “Get realtime data from”:* 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)]]:# The second one converts unexecuted limit/stop only exit orders 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;#IOG enabled - each new tick is considered to be bar close. If the order’s price is touched and new tick comes in – the price order will be converted into market orders after X secondsorder at once without waiting for the timeout to exceed.<div style="background-color: #E3FBE5;">'''Note''': If one of the described boxes order price is checkednot hit at broker/chart then the order will not be converted.</div><br> === Partially Filled Orders Replacement ===<div style="background-color: #E3FBE5;">'''Note''': Available since Multicharts 11 Beta 1, then an entryreplaces “Replace to Market Partially Filled Orders” option.</exit div>When these options are enabled the unfilled part of partially filled price order maybe will be cancelled and the remainder will be converted into a market one almost at once simply because price hit its levelorder when the specified timeout is exceeded, but or upon bar close. The timer is launched on the order queue first partial fill event.<div style="background-color: #E3FBE5;">'''Note''': When timeout is too long and set to 0, the order fails to will be filledcancelled and replaced with a market order once partial fill event occurs. </div>
Automated execution from chart can be turned on in one of two available modes: synchronous and asynchronous:* In '''synchronous''' mode '''[SA]''' one can see the same open market position and active orders on the chart as at broker. All orders generated by historical calculation during Backtesting are wiped out from the chart when auto execution is turned on. Executed order is displayed only if it has been executed at broker and the final status of the order has been received by MultiCharts.To use synchronous mode for auto trading select '''Entries/Exits are based on the execution confirmation by the broker (Sync)'''<br> <div style="background-color: #E3FBE5;">'''Note''': Chart market position and broker market position are in synch only if no more than one chart is auto trading without any manual orders on a particular symbol connected to a particular broker account, assuming that at the moment the automation was turned the broker market position was flat or, if it was not flat at broker, assigned manually on start of auto trading in MC to match it (see [[#Assign_the_Initial_Market_Position_at_the_Broker_Settings|Assign the Initial Market Position at the Broker Settings]]). If more than 1 chart is auto trading in [SA] mode and/or manual trading is used as the same time on the same symbol at broker, chart can easily get out of synch. To learn more, see [[Trading from Multiple Charts on One Instrument]].</div><br>
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With Order Confirmation selected, each time that one or more orders are generated, a '''New Order''' dialog box displaying the orders will appear in the center of the desktop. To confirm order transmission, click '''Transmit Orders''', and to prevent order transmission, click '''Ignore Orders'''.
* When more than one order is displayed in the '''New Order''' dialog box, it is not possible to transmit one order and ignore another; ether either all of the orders are transmitted, or all of the orders are ignored.
* If neither '''Transmit Orders''' or '''Ignore Orders''' is selected before a new Market order or set of Market orders is generated, or before a new bar is started, the previous order or set of orders is ignored and not sent to the execution gateway.
=== Replace to Market Partially Filled Orders ===
<div style="background-color: #E3FBE5;">'''Note''': Since Multicharts 11 Beta 1 this option has been replaced with the [[Auto_Trading#Partially_Filled_Orders_Replacement|"Partially Filled Orders Replacement"]] controls.</div>If the When this option is turned on, the unfilled part of any partially filled price order remaining unfilled by the end of will be cancelled and the current bar remainder will be converted into market order and will be sent on open only when the order is no longer generated by the strategy or the set of next barorders generated by the strategy changes.<div style="background-color: #E3FBE5;">'''Note''': If It means if conditions for order generation are met on the next barcalculation, the unfilled part of the order will not be converted into market one, it will be sent as original order but with number of remained unfilled contracts. </div>
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=== Show Order Execution Status ===
DISABLED SINCE MULTICHARTS 9.0
If the option is turned on, status of any order placed from this chart will be displayed in a pop-up alert message in the right bottom corner of the screen.
<div style="background-color: #E3FBE5;">'''Note''': Since MultiCharts 7.0 all standard alerts are disabled by default. It means that the checkbox won't work until the required flag in registry in is on: '''HKEY_CURRENT_USER\Software\TS Support\MultiCharts\TraderServer\GlobalMessenger\ShowAlerts'''. </div>
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=== Optimize Order Flow ===
If One-Cancel-Others group is emulated in MultiCharts the situation when more than one order is filled is possible .
One Cancels Other (OCO) orders are the price orders sent in a group. When any of OCO orders is filled or partially filled, the system cancels or reduces size of other orders in this OCO-group.
There are two types of OCO-groups in MultiCharts: Native and Simulated.
Native OCO-group is used when the broker’s API supports OCO-groups. In this case all OCO orders are sent to the broker directly and unfilled OCO orders will be cancelled by the broker. (Native OCO-group is supported by Interactive Brokers, FXCM and IWBankonly).
Simulated OCO-group means that all OCO orders will be sent to the broker, but once one of them is filled, other orders from this OCO group will be cancelled by MultiCharts. In this case, when one of the OCO orders is filled, MultiCharts will send a command to cancel or reduce size of the second OCO order to the broker.
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=== Cancel Expired Market Orders as Obsolete If not Filled Within After X Seconds === This option sets the timeout to cancel market orders not filled within specified time. If the option is not enabled any market order will be cancelled in 40 seconds automatically.
This option, formerly known as "Cancel Market Orders as Obsolete If not Filled Within X Seconds", sets the timeout to cancel market orders not filled within specified time. If the option is not enabled any market order will be cancelled in 40+ seconds automatically.
<div style="background-color: #E5F6FF;">'''Example''': the feature is not enabled;<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 countdown has been started:<br>12:00:50 - market order is cancelled.</div>
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=== Audio Alert ===
If the feature is turned on, it triggers a sound alert when an order placed by a strategy from the chart is filled. Once the box is checked, the File field becomes active and this allows you to locate a sound file to play when an order is filled. To select the file, click the "'''...'''" button. It is possible to specify if the sound file should be played once or repeated by selecting one of these options below the File field. After the file is specified, one can try it by clicking the '''Test''' button.
<div style="background-color: #E3FBE5;">'''Note''': Only '''.wav''' file format is supported. </div>
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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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=== Price Order Emulation ===
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/autotrading 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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=== Unfilled Strategy Order Replacement ===
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# When Market Position Changes.
# When an Order is Filled.
# When an Order is Rejected. <div style="background-color: #E3FBE5;">'''Note''': Without enabled [[Signal Settings#Intra-Bar Order Generation|Intra-Bar Order Generation (IOG)]] the strategy will be recalculated, but it will place '''no new''' orders intrabar because of this setting.</div><div style="background-color: #E3FBE5;">'''Note 2''': If strategy generates '''both entry and exit orders at the same time when there is no market position opened''', only the entry order will be sent. When the market position is opened, the exit orders will be placed intrabar even without enabled [[Signal Settings#Intra-Bar Order Generation|Intra-Bar Order Generation (IOG)]], no matter if this feature is used or not.</div>
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=== 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 orders trailing stop order (''SetStopLossSetDollarTrailing'', ''SetDollarTraling'' keywords and others...) 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''':
=== Mode Selection ===
* In ''' asynchronous ''' mode ''' [AA] ''' the strategy on the chart starts auto trading based on the historically calculated orders and open position, displaying all generated by the script orders on chart even if an order was not executed at broker. In AA strategy on chart acts separately from broker.<br>To use asynchronous mode for auto trading select '''Entries/Exits are independent of the execution status at the broker (Async)'''
====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 ===
Whenever automated trading is turned on a srtrategy 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.
Two options are available:
* Show the Assign the Initial Market Position at the Broker Dialogue<br>By default it this variant is selected. If market 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 and maximum position profit amount can be put.<br><div style="background-color: #E3FBE5;">'''Note''': The '''Show Always''' box should be checked to get the Assign the Initial Market Position Dialogue every time the automation is enabled, no matter what is the strategy position by that moment. It is extremely important for [SA] mode, because it is always flat when automation is turned on in [SA].</div>
* Do not Show the Assign the Initial Market Position at the Broker Dialogue<br>When this variant is selected it opens two three sub variants:<br>
:* '''Assume the Initial Market Position at the Broker''' is always '''FLAT''' when automation is enabled.<br><div style="background-color: #E3FBE5;">'''Example''': 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 on. </div>
:* '''Assume the Initial Market Position at the Broker''' is '''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 enabled.
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===Select Broker Plug-in===
Each chart has a Broker Plug-in selected for it by default when it is created. Broker Plug-ins are similar to [[Broker_Profiles:Category:Broker Profiles|Broker Profiles]]. All information about broker plug-in configuration is stored in a corresponding Broker Profile.
<div style="background-color: #E5F6FF;">Example: If the chart has data from Interactive Brokers, IB automated trading plug-in is selected by default for this chart. Connection settings are the same as in the corresponding Broker Profile (except for Default Account settings for [[FXCM Broker Profile]]).</div>
If the instrument on the chart is provided by a data vendor that is not a broker, then the default plug-in for automated trading will be the same as the first existing Broker Profile on the Trade Bar.
<div style="background-color: #E5F6FF;">'''Example''': If the first Broker Profile on the Trade Bar is Dukascopy and a new chart is created using eSignal data feed, then Dukascopy will be selected by default as the broker plug-in for automated trading.</div>
To change a Broker Plug-in for a particular chart, click the arrow in the Broker Plug-in field to get a dropdown drop-down list and choose the required one.
Settings of the Plug-in can be adjusted and become different from the corresponding Broker Profile settings. Not all the settings are the same, to learn more about particular Broker Plug-ins, see here [[:Category:Broker Plug-ins|Broker Plug-ins]].
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* Any strategy parameters are changed
* 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<br>
=== Pending Order Cancellation upon Termination of Auto Trading ===
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To use current strategy properties settings for all new charts of, check the Use as Default check box.
[[Category:AutoTrading]]
