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Simulated Emulated 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.
Connecting To configure order markers size you should change Status Line Length font size: right- modifies click on the chart to see the length of shortcut menu, click Format Window, select the line connecting order marker Status Line tab and price label on the price scalemodify Font Size.
To change Status Line font size right-click on the chart to see the shortcut menu, click Format Window, select the Status Line tab and modify Font Size.
Active orders are shown in a bright color, while dependent inactive orders (wait for the active order to be filled before becoming active) are shown in transparent colors. Changing the size, or the price, of the parent order will automatically recalculate and update the dependent orders.
The [[Risk Management Mode of Chart Trading]] allows to set an offset in ticks, equity percent or currency, and MultiCharts will calculate the price of exit orders and place them together with the entry. Press [[File:RadioBtn_Mode_RiskM.png|90px]] to switch to this mode.
[[File:1.png]]
==Full and Compact Modes==
To switch to Full/Compact Mode, right-click on the chart trading panel and click '''Switch to Full/Compact Mode'''corresponding button at the top of the Chart Trading Panel.
==Selecting Broker==
Profit and Loss can be indicated in:
Ticks [[File:56.png]], percents [[File:67.png]] and dollars [[File:75.png]].
To change indication type, click the PnL and Current position box. Current Ask and Bid prices are indicated below. On the chart the Profit and Loss can be also indicated in:
Place Order menu strategies give you competitive advantage over other traders: they allow you to exit the position faster than others. They also reduce the risk of two orders execution and would be especially useful for traders who use pyramiding strategies. Each strategy is an OCO group – if one order is filled, the other is canceled.
<div style="background-color: #E3FBE5;">Note: Not all brokers support server-based OCO groups. Consequently, there is no 100% guarantee that only one order will be executed (see [[Trading Risks# OCO-Orders Risk|OCO-Orders Risk]]).</div>
Orders and Entry Strategies are shown as icons on the Chart Trading panel and can be easily applied to the chart. You can visually change the order levels, which saves a lot of time when managing your orders.
Number of contracts for exit strategies applied to the open position changes taken into account strategies applied to filled orders and their effect on the overall position. In other words, strategies applied to the position protect the remainder that is not protected by strategies applied to individual orders.
If a position was opened by an order that has an exit strategy attached from a flat position, then this strategy is applied to the entire position and “protects” it (see Eaxmple Example 2 below).
Exit strategies applied to positions and strategies applied to orders are visually different on both on the chart and in the DOM: exits strategies applied to positions have “p” letter to the left of the number of contracts.
All Entry Strategies are placed with OCO-orders.
There are two types of OCO-groups in MultiCharts: Native and SimulatedEmulated.
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 and FXCM).
Please note that in case of high market volatility there may be not enough time to cancel the order and therefore both orders may be filled. Both orders also may be filled in the unlikely event of crash or connection loss.
To set time in force of the order, use the '''Time in Force''' box in '''Chart Trading''' panel.
* DAY – Good for one day
* GTC – Good ‘Til -Til-Cancelled* GTD – Good To -Til-Date
* IOC – Immediate or Cancel Order
** Right-click on the Chart Trading panel to see the shortcut menu, then click Format Chart Trading…; or
** Click the Format tab in the main menu and then click Chart Trading.
* Select Common General Settings tab '''Require Order confirmation''' – when enabled, the confirmation window will be shown every time you place an order
'''Show Open Positions''' – enables/disables active positions indication on the chart
Change the style and the size of the components using 28 custom vertical and horizontal arrows and 7 custom sizes.
To configure order markers size you should change Status Line font sizehide "Price and Type" and/or "Quantity and Direction" information for historical orders set style to "Invisible" in the corresponding lines.
'''Active Orders and Positions'''
Change style and weight of connecting lines using 5 custom line types and 7 custom weights.
Connecting Line Length - modifies the length of the line connecting order marker and price label on the price scale.
<div style="background-color: #E3FBE5;">'''Note''': It is possible to change colors and weight for market positions, stop orders, limit orders and stop-limit orders, however it is not possible to change colors of the exit strategies for manual trading (see below).</div>
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'''Default Active Order Colors'''
* Connect a Broker Profile.
* Make sure that the chart shows historical trades.
* In the menu select View then click Strategy Trading Performance Report.
[[Category:Manual Trading]]
