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==Fade Strategy==
===Appearance===
===Creating Fade Strategy orders===
===Fade Strategy Parameters===
===Saving as Template===
no edit summary
[[Image:Fade Strategy on the chart.png|thumb|right|Fade Strategy on the chart]]
[[Image:Fade Strategy in DOM.png|thumb|right|Fade Strategy in the DOM window]]
The Fade Strategy will place two limit orders at the prices (distance) specified, so fading can start when the price moves. A buy limit order will be placed below the current price and a sell limit order above the current price.
Fade Strategy orders are displayed as olive drab markers on the chart connected to the order price labels on the price scale with a dotted line and as olive drab markers in the DOM window.
For the '''[[Depth of market (DOM)|DOM window]]''', default Fade Strategy order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu.
Create Fade strategy orders by one of the following methods:
* Drag-and-drop the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.png ]] '''to the chart'''; or: * Drag-and-drop the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.png ]] to the '''[[Depth of market (DOM)|DOM window]]'''; 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 at the desired price level on the '''[[Depth of market (DOM)|DOM window]]''' on the '''Sell''' or '''Buy''' columns to see the shortcut menu, select '''Place Strategy''' and then click '''Fade Strategy'''; or:
* Right-click the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.png ]] in the '''[[Chart Trading#Place Order|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 '''[[Chart Trading#Place Order|Place Order]]''' menu.
To modify default Fade strategy parameters:
# Right-click the Fade Strategy icon http[[File://www.multicharts.com/img/wiki/strategies/16FADE.png ]] in the '''[[Chart Trading#Place Order|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.
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).
To save the parameters as a template:
# 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 '''[[Chart Trading#Place Order|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.
