Difference between revisions of "GAIN Capital Broker Profile"

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<div style="background-color: #E3FBE5;">'''Important Information''':Existing OEC customers need to enable third party software at [https://myaccount.openecry.com 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 is not enabled on Open E Cry web page, the connection will not be established. </div>
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'''(ex. Open E Cry/OEC)'''
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<div style="background-color: #E3FBE5;">'''Important information''': Existing customers need to enable third party software for the account. It is necessary to contact the broker and ask to do that.</div>
 
<br>
 
<br>
  
'''<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 Broker Profile.</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 GAIN Capital Broker Profile.</div>'''
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If you need '''data''' from GAIN Capital data source, make sure you have [[GAIN Capital|'''GAIN Capital data feed''']] set up.
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<br>
  
If you need '''data''' from Open E Cry data source, make sure you have [[Open E Cry|'''Open E Cry 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.  
 
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>
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<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: 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 Cry.
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Stop-Limit orders for FOREX are not supported by GAIN Capital.
  
 
Stop-Limit orders with stop and limit levels not overlapping each other are rejected by the broker.
 
Stop-Limit orders with stop and limit levels not overlapping each other are rejected by the broker.
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Price and volume adjustment for orders is not supported on FOREX instruments.
 
Price and volume adjustment for orders is not supported on FOREX instruments.
  
Open position Profit/Loss is calculated by Open E Cry broker and displayed in MultiCharts.
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Open position Profit/Loss is calculated by GAIN Capital broker and displayed in MultiCharts.
  
Unrealized Profit/Loss for the account is calculated by Open E Cry broker and displayed in MultiCharts.
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Unrealized Profit/Loss for the account is calculated by GAIN Capital broker and displayed in MultiCharts.
  
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]]).
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GAIN Capital 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 Open E Cry Broker Profile====
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====Setting up GAIN Capital Broker Profile====
  
In the Properties Open E Cry window (see [[Broker Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by Open E Cry:
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In the Properties GAIN Capital window (see [[Broker Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by GAIN Capital:
  
 
# Authority section. <br/> Enter '''Login''' and '''Password'''.
 
# Authority section. <br/> Enter '''Login''' and '''Password'''.
# Connectivity section. <br/> Check the '''Server Name''' and '''Port''' number. <br/>  
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# Connectivity section. <br/> Check the '''Server Name''' and '''Port''' number. <br/><div style="background-color: #E3FBE5;">'''NOTE''': From the 30th of September, 2016 '''existing customers''' need to update to '''MultiCharts 10 Beta 2''' or select '''Custom''' server and enter '''prod.gainfutures.com''' for '''Live''' accounts or '''sim.gainfutures.com''' for '''Sim''' accounts.</div>
# Connection Settings section. <br/> Configure timer to reconnect if the connection to Open E Cry is lost.
 
 
 
  
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Enable '''Convert stop orders guaranteed to be executed to market orders''' checkbox if you want Stop orders to be converted into market when they are guaranteed to be executed.<br>
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Enable '''Convert stop limit orders into limit orders if stop price is hit upon order placement''' checkbox if you want Stop-Limit orders to be converted into Limit when the stop price is reached when the order is placed.
  
 
[[Category:Broker Profiles]]
 
[[Category:Broker Profiles]]

Latest revision as of 18:36, 27 April 2018

(ex. Open E Cry/OEC)

Important information: Existing customers need to enable third party software for the account. It is necessary to contact the broker and ask to do that.


Click here to see the video tutorial on how to connect GAIN Capital Broker Profile.

If you need data from GAIN Capital data source, make sure you have GAIN Capital data feed set up.


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.

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.
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.

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 GAIN Capital.

Stop-Limit orders with stop and limit levels not overlapping each other are rejected by the broker.

Trade size for FOREX: 1 contract = 1 lot (size of a lot depends on the type of account).

Price and volume adjustment for orders is not supported on FOREX instruments.

Open position Profit/Loss is calculated by GAIN Capital broker and displayed in MultiCharts.

Unrealized Profit/Loss for the account is calculated by GAIN Capital broker and displayed in MultiCharts.

GAIN Capital 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 OCO-Orders Risk).

Setting up GAIN Capital Broker Profile

In the Properties GAIN Capital window (see Managing Broker Profiles) enter the information provided by GAIN Capital:

  1. Authority section.
    Enter Login and Password.
  2. Connectivity section.
    Check the Server Name and Port number.
    NOTE: From the 30th of September, 2016 existing customers need to update to MultiCharts 10 Beta 2 or select Custom server and enter prod.gainfutures.com for Live accounts or sim.gainfutures.com for Sim accounts.

Enable Convert stop orders guaranteed to be executed to market orders checkbox if you want Stop orders to be converted into market when they are guaranteed to be executed.
Enable Convert stop limit orders into limit orders if stop price is hit upon order placement checkbox if you want Stop-Limit orders to be converted into Limit when the stop price is reached when the order is placed.