Changes

Depth-of-Market window displays market depth, PnL, current positions as well as pending orders and provides one-click trading features. Entry and exit automation can be set up directly in the DOM window making it a unique and self-sufficient tool for manual trading (see [[Chart Trading Orders and Strategies]]).

http[[File://www.multicharts.com/img/wiki/dom/1DDDDD.png]]

Ask and Bid Size is shown in Buy and Sell columns respectively.

Best Bid and Best Ask are marked with white color. Last trade price and size are highlighted in yellow in Price column. Day High/Low prices are marked with yellow lines. Those are default colors that can be changed.

<div style="background-color: #E3FBE5;">'''Note''': Please check if you have a subscription for depth-of-market data for the particular symbol that you are going to use in the DOM. Dukascopy and FXCM brokers broker cannot be used for DOM trading since they do it does not support depth-of-market.</div> ==Bid and Ask Volume Sum== Bid and Ask volume sum is calculated summing up the volumes of Bid and Ask respectively and each is shown under Bid and Ask columns. This option is enabled by default and can be disabled if you right-click anywhere on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu and uncheck Bid/Ask Sum option.Bid/Ask Sum option is shown either in Compact Mode, or in Full Mode of the DOM Window. ==Day High and Low Options== Day High and Low green and yellow (by default and can be [[Depth of market (DOM)#How to Customize DOM Colors|changed]]) marker lines are located on the upper and bottom of the corresponding price boxes of the middle grey price column, and indicate High and Low prices of the day. This option is enabled by default and can be disabled if you right-click anywhere on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu and uncheck Day High/Low option.Day High/Low option is shown either in Compact Mode, or in Full Mode of the DOM Window.

http[[File://www.multicharts.com/img/wiki/dom/2DOM2.png]]

* Click the New DOM Window icon [[File:DOM_icon.png]]on the Main toolbar, or:

To select a broker, click on the arrow next to the Broker Connection button http[[File://www.multicharts.com/img/wiki/dom/5DOM3.png ]] and select a broker from the list.

When a broker is selected, click on the Broker Connection button http[[File://www.multicharts.com/img/wiki/dom/5DOM3.png ]] to connect/disconnect it. When MultiCharts is establishing the connection with the broker, the Broker Connection button is yellow. Once the connection is established, it becomes green.

Select the account number in the Account Selector box http[[File://www.multicharts.com/img/wiki/dom/6DOM4.png]]

<div style="background-color: #E3FBE5;">'''Note''': To be able to trade the instrument in the DOM, you should add it to the Quote Manager (see [[Operating Symbol List]]).</div> ==Volume Profile== [[File:Volume Profile in DOM.png]] Volume Profile in DOM window allows discretionary traders to monitor changes in trade volume while making trading decisions live.<br>To open Volume Profie window right-click anywhere on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu and check the Show Volume Profile option.<br>To see PnL in Volume Profile window right-click anywhere on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu and check the Show PnL in Volume Profile panel.  == Linking DOM by Instrument == When the instrument for any one DOM window or chart of the linked group is changed, the changes will automatically be applied to the rest of the linked charts/DOM Windows: * To link a DOM window by symbol, click the '''Instrument Link''' button; * To assign the series to a Link Group, select the Link Group Color Code from the drop-down list.* To un-link the series, select '''Not Linked'''. 

Dollars http[[File://www.multicharts.com/img/wiki/charttrading/5DOM5.png]], Ticks http[[File://www.multicharts.com/img/wiki/charttrading/6DOM6.png ]] and Percent http[[File://www.multicharts.com/img/wiki/charttrading/7DOM7.png]].

http[[File://www.multicharts.com/img/wiki/dom/9DOM8.png]]

'''Require Order Confirmation''' To enable order confirmation, right-click anywhere for DOM is enabled on the DOM window except for Buy, Price & Sell columns and control elements to see the shortcut menu and check the Trading tab of [[Preferences]]. The Require Order Confirmation check boxoption is applied to manual order placing across all chart and DOM windows in MultiCharts. When the Require Order Confirmation check box is checked you will see Place Order confirmation window every time you place an order. Check the Do not ask me again check box to disable order confirmationcompletely.

<div style="background-color: #E3FBE5;">'''Note''': If you click below Best Ask price in Sell column or above Best Bid price in Buy column, a Stop order will be sent by default. To send Sell limit orders below Best Ask price or Buy limit orders above Best Bid price hold Shift button and click on the price at which you want to send an order.</div>

<div style="background-color: #E3FBE5;">'''Note''': If you drag and drop limit order icon above Best Ask price, a Sell Limit order will be placed regardless of the column where you drag the order to (Buy or Sell). If you drag and drop limit order icon below Best Bid price, a Buy Limit order will be placed regardless of the column where you drag the order to (Buy or Sell).</div>

<div style="background-color: #E3FBE5;">'''Note''': When the Ctrl key is held, the Buy Mkt and the Sell Mkt buttons will become Buy Bid and Sell Bid buttons respectively. When the Shift key is held, the Buy Mkt and the Sell Mkt buttons will become the Buy Ask and the Sell Ask buttons respectively.</div>

<div style="background-color: #E3FBE5;">'''Note''': If you click above Best Ask price in Sell column or below Best Bid price in Buy column, a Limit order will be sent by default. To send Sell Stop orders above Best Ask price or Buy limit orders below Best Bid price hold Ctrl button and click on the price at which you want to send an order.</div>

<div style="background-color: #E3FBE5;">'''Note''': If you drag and drop Stop order icon above Best Ask price, a Buy Stop order will be placed regardless of the column where you drag the order to (Buy or Sell). If you drag and drop limit order icon below Best Bid price, a Sell Stop order will be placed regardless of the column where you drag the order to (Buy or Sell).</div>

<div style="background-color: #E3FBE5;">'''Note''': When Require Order Confirmation check box is checked, Stop Limit price level can be customized in confirmation window. When Require Order Confirmation check box is unchecked, Stop Limit price level will correspond to the level where it is placed (see Require Order Confirmation).</div>

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 (see [[https://www.multicharts.com/trading-software/index.php/Chart_Trading_Orders_and_Strategies Orders and Strategies]]).

http[[File://www.multicharts.com/img/wiki/charttrading/12DOM9.png]]

<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 [[OCO-Orders Risk]])</div>

To scroll icons in the Place Order menu, use the Scroll buttons.  To select Exit Strategies '''Average Open Position Price''' calculation mode: # Select '''File''' in the main menu, click '''Preferences''', select the '''Trading''' tab # Enable the '''recived from broker''' button to use the price received from broker or the '''calculated based on order(s) execution price''' button to use the price calculated by MultiCarts based on entry order(s) execution price.  '''Exit Orders Management''' Exit strategies applied to an open position change the number of contracts according to the current position size.  Exit strategies applied to active orders do not change number of contracts regardless of the open position size (do not "jump" onto the active position after the parent order was filled). They remain active and keep protecting orders that were generated by the parent order.  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 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. <div style="background-color: #E5F6FF;">Example 1 - Shows exit strategy attached to an individual order: # Open position is -1 contract.# Sell limit order for 1 contract is sent to broker. # Profit Target exit strategy is attached to the sell limit order.# Sell limit order is filled. Profit Target becomes active. Open position is -2 contracts. Profit Target size is 1 (attached to the order, not the position).# Sell market order for 2 contracts is sent to broker.# Sell market order is filled. Open position is -4 contracts. Profit Target size is 1.</div> <div style="background-color: #E5F6FF;">Example 2 - Shows exit strategy auto-attached to an order opening the position from a flat position: # Open position is flat.# Buy market order for 100 contracts with a Master Strategy auto attached to it is sent to broker. # Buy market order is filled. Master Strategy becomes active. Open position is +100 contracts. Master Strategy size is 100.# Buy stop order for 200 contracts is sent to broker.# Buy Stop order is filled. Open position is +300 contracts. Master Strategy size is 300 (protects entire position since the position was opened by an order that has an exit strategy attached from a flat position).</div> <div style="background-color: #E5F6FF;">Example 3 - Shows exit strategy attached to the entire position: # Open position is +50 contracts.# Buy market order for 100 contracts with a Master Strategy auto attached to it is sent to broker. # Buy market order is filled. Master Strategy becomes active. Open position is +150 contracts. Master Strategy size is 100 (attached to the order, not the position).# Buy stop order for 200 contracts is sent to broker.# Buy Stop order is filled. Open position is +300 contracts. Master Strategy size is 300(attached to the position).</div> <div style="background-color: #E5F6FF;">Example 4 - Shows both exit strategy attached to the entire position and exit strategy attached to an individual order:  # Open position is +10 contracts. # Stop-Loss #1 exit strategy is applied to the open position. Stop-Loss #1 size is 10. # Buy stop order for 5 contracts is sent to broker. # Stop-Loss #2 exit strategy is applied to the buy stop order. Stop-Loss #2 size is 5.# Buy stop order is filled. Stop-Loss #2 becomes active. Open position is +15 contracts. Stop-Loss #1 size is 10. Stop-Loss #2 size is 5.# Buy market order for 10 contracts is sent to the broker. # Buy market order is filled. Open position is +25 contracts. Stop-Loss #1 size becomes 20 (attached to the position). Stop-Loss #2 size is 5 (attached to the order, not the position).</div> 

<div style="background-color: #E3FBE5;">'''Note''': Reduce size functionality is supported by Interactive Brokers only: if one order in OCO group is partially filled, others are reduced in size proportionally. </div>

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).

* Type in order quantity in Order Quantity box http[[File://www.multicharts.com/img/wiki/dom/10qbox.png ]] in DOM window; or:* Click the Trading Calculator button http://www.multicharts.com/img/wiki/dom/11.png.

Buttons on the left right side of the calculator contain 6 last values.

* GTC – Good ‘Til -Til-Cancelled* GTD – Good To -Til-Date

* Order status – Sent http[[File://www.multicharts.com/img/wiki/dom/12DOM10.png]]* Order status – Submitted http[[File://www.multicharts.com/img/wiki/dom/13DOM11.png]]* Order status – Inactive (Tot Not Triggered) http[[File://www.multicharts.com/img/wiki/dom/14DOM12.png]]* Order status – PreCancelled, PreModified http[[File://www.multicharts.com/img/wiki/dom/15DOM13.png]]

http[[File://www.multicharts.com/img/wiki/dom/16DOM14.png]]

http[[File://www.multicharts.com/img/wiki/dom/17DOM15.png]]

http[[File://www.multicharts.com/img/wiki/dom/18DOM16.png]]

http[[File://www.multicharts.com/img/wiki/dom/19DOM17.png]]

http[[File://www.multicharts.com/img/wiki/dom/20DOM18.png]]

http[[File://www.multicharts.com/img/wiki/dom/21DOM19.png]]

* Click the Close button http[[File://www.multicharts.com/img/wiki/dom/22DOM20.png ]] on Chart Trading Panel;or:

To cancel all Buy orders, click on the Cancel button http[[File://www.multicharts.com/img/wiki/dom/23DOM21.png ]] at the left of Buy Mkt button.

To cancel all Sell orders, click on the Cancel button http[[File://www.multicharts.com/img/wiki/dom/23DOM21.png ]] at the right of Sell Mkt button.

# * Right click on any free space of the DOM windowand click '''Switch To Compact/Full Mode''';or:# * Click the '''Switch To Compact/Extended Full Mode'''button [[File:Switch_To_Compact_Mode.png]].

http[[File://www.multicharts.com/img/wiki/dom/24DOM23.png]]

http[[File://www.multicharts.com/img/wiki/dom/25DOM24-2.png]]