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Select the account number in the Account Selector box http://www.multicharts.com/img/wiki/charttrading/4.png.
==PnL and Current Position==
Current Position and Profit and Loss are indicated in the PnL and Current position box on the Chart Trading Panel and on the PnL Marker on the chart. Positive value (profit) is colored green, negative value (loss) is colored red.
Profit and Loss can be indicated in:
Ticks http://www.multicharts.com/img/wiki/charttrading/5.png, percents http://www.multicharts.com/img/wiki/charttrading/6.png and dollars http://www.multicharts.com/img/wiki/charttrading/7.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
Dollars http://www.multicharts.com/img/wiki/charttrading/9.png, Ticks http://www.multicharts.com/img/wiki/charttrading/10.png, Percent http://www.multicharts.com/img/wiki/charttrading/8.png.
Click the PnL Marker to change indication type.
Current Position is marked with red or blue color. Long position is colored blue. Short position is colored red.
==One-click order placing==
Chart Trading panel provides the opportunity of one-click order placing.
Buy or Sell Market orders can be sent by pressing Buy Mkt and Sell Mkt buttons. Buy Ask, Buy Bid & Sell Ask, Sell Bid buttons send buy and sell limit orders at ask and bid prices respectively.
http://www.multicharts.com/img/wiki/charttrading/11.png
==Place Order==
Place Order menu allows you to place Stop, Limit and Stop-Limit orders as well as to automate certain methods of entering or exiting positions. It’s perfect for avoiding repetitive tasks, increasing your productivity and focusing on trading. Automation is especially useful when you need to apply an order pair quickly.
http://www.multicharts.com/img/wiki/charttrading/12.png
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.
Note: Not all brokers support server-based OCO groups. Consequently, there is no 100% guarantee that only one order will be executed (See [[OCO-Orders Risk]])
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.
The icons are rearranged automatically: the last used icon is displayed in the top left corner of the menu.
To expand or collapse the Place Order menu, use the Expand/Collapse buttons.
To scroll icons in the Place Order menu, use the Scroll buttons.
[[Category:Manual Trading]]
