268
edits
Changes
===Creating Stop Order===
To create Stop Order:
* Drag-and-drop the Stop Order icon http[[File://www.multicharts.com/img/wiki/strategies/3STOPE.png]]; or:
* Right-click at the desired price level to see the shortcut menu, select '''Place Order''' and then click '''Buy / Sell Stop…'''; or:
* Right-click the Stop Order icon http[[File://www.multicharts.com/img/wiki/strategies/3STOPE.png ]] in the Place Order menu to see the shortcut menu and click '''Apply Strategy''' ('''Buy Stop''' order at Ask price will be created).* Double-click the Stop Order icon http[[File://www.multicharts.com/img/wiki/strategies/3STOPE.png ]] in the Place Order menu ('''Buy Stop''' order at Ask price will be created).
<div style="background-color: #E3FBE5;">Note: Chart is context-sensitive and allows creating Buy or Sell orders depending on the price level at which you click on the chart. If you right-click above current price level, Buy Stop option will be available in the shortcut menu. If you right-click below current price level, Sell Stop option will be available in the shortcut menu. Right-clicking on the current price level makes both Buy Stop and Sell Stop options available. </div>
To create Limit Order:
* Drag-and-drop the Limit Order icon http[[File://www.multicharts.com/img/wiki/strategies/6LMT.png ]] to the chart; or:
* Right-click at the desired price level on the chart to see the shortcut menu, select '''Place Order''' and then click '''Buy / Sell Limit…'''; or:
* Right-click the Limit Order icon http[[File://www.multicharts.com/img/wiki/strategies/6LMT.png ]] in the Place Order menu to see the shortcut menu and click '''Apply Strategy''' (Buy Limit order at Bid price will be created).* Double-click the Limit Order icon http[[File://www.multicharts.com/img/wiki/strategies/6LMT.png ]] in the Place Order menu (Buy Limit order at Bid price will be created).
===Limit Order Parameters===
To create Stop Limit order:
* Drag-and-drop the Stop Limit order icon http[[File://www.multicharts.com/img/wiki/strategies/9STL.png ]] to the DOM window; or:
* Right-click at the desired price level on the DOM window on the Sell or Buy columns to see the shortcut menu, select Buy / Sell Stop Limit…; or:
* Right-click the Stop Limit order icon http[[File://www.multicharts.com/img/wiki/strategies/9STL.png ]] in Place Order menu to see the shortcut menu and click '''Apply Strategy''' (Buy Stop Limit order at Ask price will be created).* Double-click the Stop Limit Order icon http[[File://www.multicharts.com/img/wiki/strategies/9STL.png ]] in the Place Order menu (Buy Stop Limit order at Ask price will be created).
<div style="background-color: #E3FBE5;">Note: Chart is context-sensitive and allows creating Buy or Sell orders depending on the price level at which you click on the chart. If you right-click above current price level, Buy Stop Limit option will be available in the shortcut menu. If you right-click below current price level, Sell Stop Limit option will be available in the shortcut menu. Right-clicking on the current price level makes both Buy Stop Limit and Sell Stop Limit options available. </div>
#* Right-click on the '''Chart Trading''' panel to see the shortcut menu, and then click '''Format Chart Trading'''; or:
#* Select '''Format''' in the main menu and click '''Chart Trading…'''.
# Select the '''Common General Settings''' tab.
# Modify the offset in the '''Stop Limit Offset''' box.
# Click '''OK''' to save changes.
===Creating Breakout Strategy orders===
* Drag-and-drop the Breakout Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/12BRK.png ]] to the chart; or:
* Right-click at the desired price level on the chart to see the shortcut menu, select '''Place Order''' and then click '''Breakout Strategy'''; or:
* Right-click the Breakout Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/12BRK.png ]] in the '''Place Order''' menu to see the shortcut menu and click '''Apply Strategy'''. * Double-click the Breakout Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/12BRK.png ]] in the '''Place Order''' menu.
===Breakout Strategy Parameters===
# Open '''Strategy Parameters''' window by one of the following methods:
#* Right-click the Breakout Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/12BRK.png ]] in the '''Place Order''' menu to see the shortcut menu, then click '''Save as Template'''; or:
#* Click on the '''Save as Template''' button in the '''Place Strategy''' window when applying the strategy.
# Modify default Breakout parameters.
# Click '''Save'''.
# Choose the '''Breakout Template''' icon. http[[File://wwwBRKHEART.multichartspng]] icon.com/img/wiki/strategies/13.png
# Enter Breakout template name.
# Click '''OK'''.
To create Fade strategy orders:
* Drag-and-drop the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.png ]] to the chart; or:
* Right-click at the desired price level on the chart to see the shortcut menu, select '''Place Order''' and then click '''Fade Strategy'''; or:
* Right-click the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.png ]] in the '''Place Order''' menu to see the shortcut menu and click '''Apply Strategy'''. * Double-click the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.png ]] in the '''Place Order''' menu.
===Fade Strategy Parameters===
To modify default Fade strategy parameters:
# Right-click the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.png ]] in the '''Place Order''' menu to see the shortcut menu.
# Click '''Edit'''.
# Modify upper and lower limits values in '''Upper Limit At''' and '''Lower Limit At''' boxes.
# Open '''Strategy Parameters''' window by one of the following methods:
#* Right-click the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.png ]] in the '''Place Order''' menu to see the shortcut menu, then click '''Save as Template'''; or:
#* Click on the '''Save as Template''' button in the '''Place Strategy''' window when applying the strategy.
# Modify default Fade parameters.
# Enter Fade template name.
# Click '''OK'''
==Breakout Up/Fade Strategy==
[[Image:Breakout Up Fade Strategy on the chart.png|thumb|right|Breakout Strategy on the chart]]
This strategy is a combination of the breakout and fade strategies defined above, and it is used when the trader expects the price will go up. This strategy will place a buy stop above the current price and a buy limit order below the current price. The breakout can be activated if it happens, but also catch the fade if the price falls.
===Appearance===
Breakout Up/Fade Strategy orders are displayed as sienna markers on the chart connected to the order price labels on the price scale with a dotted line.
Default Breakout up/fade strategy order markers color and connecting lines length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu.
===Creating Breakout Up/Fade Strategy orders===
To create Breakout up/fade strategy orders:
* Drag-and-drop the Breakout Up/Fade Strategy icon [[File:BRKUP.png]] to the chart; or:
* Right-click at the desired price level on the chart to see the shortcut menu, select '''Place Order''' and then click '''Breakout Up/Fade Strategy'''; or:
* Right-click the Breakout Up/Fade Strategy icon [[File:BRKUP.png]] in the '''Place Order''' menu to see the shortcut menu and click '''Apply Strategy'''.
* Double-click the Breakout Up/Fade Strategy icon [[File:BRKUP.png]] in the '''Place Order''' menu.
===Breakout up/fade Strategy Parameters===
To modify default Breakout up/fade strategy parameters:
# Right-click the Breakout Up/Fade Strategy icon [[File:BRKUP.png]] in the '''Place Order''' menu to see the shortcut menu.
# Click '''Edit'''.
# Modify '''Breakout''' and '''Lower limit''' values in '''Breakout At''' and '''Lower Limit At''' boxes.
'''Breakout''' and '''lower limit''' levels are ''interrelated'' with price offsets. You may modify either level or the price offset.
Click the '''Price Level''' button or the '''Price Offset''' button to switch between entry modes.
Price offsets can be indicated as ticks or %. To change indication type, click the '''Tick/Percent''' button.
Click '''More Parameters >>''' to show '''Qty''' and '''Time In Force''' fields (for more info see [[Chart Trading##Setting Order Quantity|Setting Order Quantity]] and [[Chart Trading#Setting Time in Force|Time in Force]] sections).
===Saving as Template===
To save the parameters as a template:
# Open '''Strategy Parameters''' window by one of the following methods:
#* Right-click the Breakout Up/Fade strategy icon [[File:BRKUP.png]] in the '''Place Order''' menu to see the shortcut menu, then click '''Save as Template'''; or:
#* Click on the '''Save as Template''' button in the '''Place Strategy''' window when applying the strategy.
# Modify default '''Breakout Up/Fade''' parameters.
# Click '''Save'''.
# Choose the '''Breakout Up/Fade Template''' icon.
# Enter Fade template name.
# Click '''OK'''.
==Breakout Down/Fade Strategy==
[[Image:BRKOUT_OUT_Chart.png|thumb|right|Breakout Strategy on the chart]]
This strategy is a combination of the breakout and fade strategies defined above, and it is used when the trader expects the price will go down. This strategy will place a sell stop order below current price and sell limit above current price. The breakout can be activated if it happens, but also catch the fade if the price rises.
===Appearance ===
Breakout down/fade strategy orders are displayed as dark cyan markers on the chart connected to the order price labels on the price scale with a dotted line.
Default Breakout down /fade strategy order markers color and connecting lines length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu.
===Creating Breakout Down/Fade Strategy orders===
To create Breakout down /fade strategy orders:
* Drag-and-drop the Breakout Down/Fade Strategy icon [[File:BDFS.png]] to the chart; or:
* Right-click at the desired price level on the chart to see the shortcut menu, select '''Place Order''' and then click '''Breakout Down/Fade Strategy'''; or:
* Right-click the Breakout Down/Fade Strategy icon [[File:BDFS.png]] in the '''Place Order''' menu to see the shortcut menu and click Apply Strategy.
* Double-click the Breakout Up/Fade Strategy icon [[File:BDFS.png]] in the '''Place Order''' menu.
[[Category:Manual Trading]]