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Since '''MultiCharts 8(ex.0 beta 3''' UUID connection type has been implemented. 'Open E Cry/OEC)''UUID''' connection greatly improves reliability using OEC Trader and MultiCharts at same time with same username.
Unrealized Profit/Loss for GAIN Capital supports Native One-Cancels-Others group, however, it is limited to only 2 orders with the account same number of contracts. Therefore, MultiCharts emulates OCO group on its end. Simulated OCO-group means that all OCO orders are sent to the broker, price is calculated monitored by Open E Cry broker MultiCharts and displayed in once one of the orders is filled, other orders from this OCO group are cancelled by MultiCharts. When one of the OCO orders is filled MultiChartssends a command to cancel the second OCO order to broker. Note that the second order may also be filled if price reaches its level before the cancellation is processed by the broker (see [[Trading Risks# OCO-Orders Risk|OCO-Orders Risk]]).
Open E Cry supports Native One-Cancels-Others group, however, it is limited to only 2 orders with the same number of contracts. Therefore, MultiCharts emulates OCO group on its end. Simulated OCO-group means that all OCO orders are sent to the broker, price is monitored by MultiCharts and once one of the orders is filled, other orders from this OCO group are cancelled by MultiCharts. When one of the OCO orders is filled MultiCharts sends a command to cancel the second OCO order to broker. Note that the second order may also be filled if price reaches its level before the cancellation is processed by the broker (see [[Trading Risks# OCO-Orders Risk|OCO-Orders Risk]]).====Setting up GAIN Capital Broker Profile====
====Setting up Open E Cry In the Properties GAIN Capital window (see [[Broker Profile====Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by GAIN Capital:
In # Authorization section. <br/> Enter '''Login''' and '''Password'''.# Connectivity section. <br/> Check the Properties Open E Cry window '''Server Name''' and '''Port''' number (see [[Broker Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]default Port number is '''9210''') enter the information provided by Open E Cry:. <br/>
# Authority section. <br/> Enter Enable '''LoginConvert stop orders guaranteed to be executed to market orders''' and '''Password'''.# Connectivity sectioncheckbox if you want Stop orders to be converted into market when they are guaranteed to be executed. <br/> Check the Enable '''Server NameConvert stop limit orders into limit orders if stop price is hit upon order placement''' and '''Port''' number. <br/> # Connection Settings section. <br/> Configure timer checkbox if you want Stop-Limit orders to reconnect if be converted into Limit when the stop price is reached when the connection to Open E Cry order is lostplaced.
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<div style="background-color: #E3FBE5;">'''Important Informationinformation''':Existing OEC customers need to enable third party software at [http://www.openecryfor the account.com/myaccountmgm/softclients.cfm Open E Cry web page]. Introducing brokers (such as Global Futures) clients should use this link: [http://www.openecry.com/ibportal/myaccountmgm/index.cfm?WLID=141 Open E Cry Portal web page]. If MultiCharts It is not enabled on Open E Cry web page, necessary to contact the connection will not be establishedbroker and ask to do that. </div>
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'''<div style="background-color: #E3FBE5;">Click [http://www.multicharts.com/downloads/tutorials/oec_broker.mp4 here] to see the video tutorial on how to connect Open E Cry GAIN Capital Broker Profile.</div>'''If you need '''data''' from GAIN Capital data source, make sure you have [[GAIN Capital|'''GAIN Capital data feed''']] set up. <br>
If MultiCharts sends a stop order with the price equal to current market price or better (guaranteed to be executed) it will be rejected by the broker. Therefore, MultiCharts converts such stop orders into market orders.
<div style="background-color: #E3FBE5;">'''Note: ''' If you manually drag Stop orders to the price equal to current market price or better (guaranteed to be executed), they won’t be converted into market orders. <br/> But if the sent order is modified, i.e. moved to the price equal to current market price or better (guaranteed to be executed), it will be rejected and modification will not be executed. </div>
Stop-Limit orders: if at the moment an order is sent its stop level is met, then it will be converted into market order.
Stop-Limit orders for FOREX are not supported by Open E CryGAIN Capital.
Stop-Limit orders with stop and limit levels not overlapping each other are rejected by the broker.
Price and volume adjustment for orders is not supported on FOREX instruments.
Open position Profit/Loss is calculated by Open E Cry GAIN Capital broker and displayed in MultiCharts. Unrealized Profit/Loss for the account is calculated by GAIN Capital broker and displayed in MultiCharts.
<div style="background-color: #F0F8FF;">After the broker profile is set up, you can select it for trading, see the '''[[How to Select a Broker Account For Trading]]''' guide.</div>
[[Category:Broker Profiles]]
