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Getting Started with AutoTrading

211 bytes removed, 15:33, 27 January 2023
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# Select the '''Auto Trading''' tab.
# Select the '''Require order confirmation''' check box to have the opportunity to confirm or reject each order before it is sent to the execution gateway.
# Select '''Replace to Market Partially Filled Orders''' check box to automatically convert the remaining portion of a partially filled limit order into a market order. For example, there is a sell limit order above the market price for 10 contracts. The trading price touches the sell limit price, but pulls back. Six of the contracts are filled and the remaining four contracts are unfilled. MultiCharts will convert the sell limit order for the remaining contracts to a sell market order at the close of the bar. (e.g., If the chart is plotting 5 minute bars, then the remaining portion of the limit order will be converted to a market order at the close of the 5 minute bar.)<br><br><div style="background-color: #E3FBE5;">Note: As long as there is a partially filled order, MultiCharts will always convert the order as described in Since Multicharts 11 Beta 1 this step regardless of any settings that are in '''Unfilled Strategy Order Replacement'''. If option has been replaced with the order was not partially filled and '''Unfilled Strategy Order [[Auto_Trading#Partially_Filled_Orders_Replacement|"Partially Filled Orders Replacement''' was turned on, then MultiCharts will convert the order according to the settings in '''Unfilled Strategy Order Replacement'''"]] controls.</div><br># Select the '''Show order execution status''' check box to have a status message displayed every time an order is sent, canceled, filled, or rejected, or any other informational message is received from the gateway application. <br><br><div style="background-color: #E3FBE5;">Note: Since Multicharts 9.0 this option has been disabled.</div><br>
# Select the '''Audio Alert''' check box and choose a sound file to activate an audio alert every time a notification window appears.
#: Selecting an Alert Sound File:
## Enter the path and name of the wave (.wav) sound file to be used into the '''File''' text box, or click the '''...''' http://www.multicharts.com/img/wiki/portfolio/ellipse.gif button on the right side of the text box for '''Open''' dialog box, navigate to and select a sound file, and click the '''Open''' button.
## Click the '''Test''' button to test the alert.
## Select '''Play Once''' or '''Repeat''' for the alerts to be played once or repeatedly, respectively. # In the '''Price Orders Emulation''' section you can switch between native and emulated Stop, Limit and Stop-Limit orders. This feature requires real-time data subscription on your broker account.#* '''Native orders''' are server-side orders. As soon as an order is sent to the broker, it is managed by the broker.#* '''Emulated orders''' are managed in MultiCharts, and when the price conditions are met, MultiCharts sends a market or a limit order to the broker.
# In the '''Mode Selection''' section, there are two options: synchronous and asynchronous [[Understanding Automated Trade Execution|mode]].
## Select In '''synchronous''' mode '''[SA]'''Entries/Exits are based one can see the same open market position and active orders on the execution confirmation chart as at broker. All orders generated by historical calculation during Backtesting are wiped out from the chart when auto execution is turned on. Executed order is displayed only if it has been executed at broker (Sync) ''' option and the final status of the order has been received by MultiCharts. To use synchronous mode for synchronous auto trading mode (SA).## Select select '''Entries/Exits are independent of based on the execution confirmation by the broker (AsyncSync)''' option in the '''Mode Selection''' section for Asynchronous auto trading mode (AA). If AA is selected, two group boxes become available.<br><br>#: # In '''asynchronous ''Unfilled Strategy Order Replacement'mode ''''#: This feature gives the strategy the ability to automatically convert limit orders or stop orders into market orders after a certain period of time.#:* Select '''Convert unexecuted limit or stop entry orders to market orders[AA] ''' check box to convert unexecuted limit or stop entry orders to market after a specified number of seconds. Enter the number of seconds in strategy on the list box.#:* Select '''Convert unexecuted limit or stop exit orders to market orders''' check box to convert unexecuted limit or stop exit orders to market after a specified number of seconds. Enter the number of seconds in chart starts auto trading based on the list box.<br><div style="background-color: #E3FBE5;">Note: The waiting period for converting unfilled limit or stop historically calculated orders to market orders must be less than the duration of a single bar. </div><br><div style="background-color: #E3FBE5;">Note: As long as the order is completely unfilledand open position, MultiCharts will always convert displaying all generated by the script orders on chart even if an order as described in this step regardless of any settings under '''Replace to Market Partially Filled Orders'''was not executed at broker. If there is a partially filled order and '''Replace to Market Partially Filled Orders''' was turned In AA strategy on, then MultiCharts will convert the order according to the settings in '''Replace to Market Partially Filled Orders'''chart acts separately from broker.</div><br><br>#:To use asynchronous mode for auto trading select '''''Assign Entries/Exits are independent of the Initial Market Position execution status at the Broker Settings''broker (Async)'''.#:To learn more, see [[Auto_Trading#Assign the Initial Market Position at the Broker SettingsMode Selection|Synchronization of Market Position Mode Selection in Auto Trading Mode]].#:* In the '''Assign Initial Market Position to Strategy''' section choose the initial position.## Select '''Flat''' to set the initial position to 0.#:* # Select '''From Chart''' to set the initial position to the position that's on the chart.#:* # Select '''From Broker''' to set the initial position the same as actual position at the broker.#:* # Select '''Always show dialogue window''' to display a dialog box to input the initial position and average entry price. This dialog box will appear when auto trading is turned on in the chart (see last step).#:* # Select '''Show dialogue window only if market position on chart is different from broker''' to display a dialog box to input the initial position only when there is a difference between chart position and broker position.#: If AA is selected, the '''Show dialogue window only if market position on chart is different from broker''' option is replaced with '''Show dialogue window only if market position on chart is not flat'''. #: To learn more, see [[Auto_Trading#Assign the Initial Market Position at the Broker Settings|Synchronization of Market Position in Auto Trading Mode]].# Choose the broker/gateway from the list box in the ''''''[[Auto Trading#Select Broker Plug-in|Select Broker Plug-insin]]'''''' section.
# Click '''Settings'''.
# Input the settings for the appropriate broker/gateway.
#* SA Mode
#*# Select the [[Auto_Trading#Distinguished Features of Auto Trading|Auto Trading Status Switch]] and select '''Automate Order Execution'''.
#*# Make sure that the proper Broker Plug-in is selected. You can click on the name to access it's its properties. If the wrong Broker Plug-in is selected, then please click '''No''', and select the correct one in Auto Trading settings.
#*# Read the disclaimer and click '''Yes'''.
#*# The button will turn green which means auto trading is on.
#* AA Mode
#*# Select the [[Auto_Trading#Distinguished Features of Auto Trading|Auto Trading Status Switch]] and select '''Automate Order Execution'''.
#*# Make sure that the proper Broker Plug-in is selected. You can click on the name to access it's its properties. If the wrong Broker Plug-in is selected, then please click '''No''', and select the correct one in Auto Trading settings.
#*# Read the disclaimer and click '''Yes'''.
#*# If '''Show the Assign the Initial Market Position at the Broker dialogue''' was selected earlier, then a dialog box will appear.<br>Enter the initial market position and average entry price. Then select '''Yes'''.
#*# Select '''Format''' from the main menu.
#*# Select '''Automate Order Execution'''.
#*# Click on the switch and select '''Automate Order Execution'''.#*# Make sure that the proper Broker Plug-in is selected. You can click on the name to access it's its properties. If the wrong Broker Plug-in is selected, then please click '''No''', and select the correct one in Auto Trading settings.
#*# Read the disclaimer and click '''Yes'''.
#*# The button will turn green which means auto trading is on.
#*# Select '''Format''' from the main menu.
#*# Select '''Automate Order Execution'''.
#*# Click on the switch and select '''Automate Order Execution'''.#*# Make sure that the proper Broker Plug-in is selected. You can click on the name to access it's its properties. If the wrong Broker Plug-in is selected, then please click '''No''', and select the correct one in Auto Trading settings.
#*# Read the disclaimer and click '''Yes'''.
#*# If '''Show the Assign the Initial Market Position at the Broker dialog''' was selected earlier, then the dialog box will appear. Input the initial market position and average entry price. Then select '''Yes'''.
#*# The button will turn green which means auto trading is on.
 
== Turning off Auto Trading in MultiCharts ==
== Managing Active Orders and Open Positions ==
If you do not want to see enable or disable the pending orders dialog box when disabling turning off auto trading , select '''File''' in the main menu, click '''Preferences''', and select the '''Trading''' tab and check . In the section '''Do not show cancel Managing active orders confirmation dialog when disabling auto tradingautotrading is turned off''' check box. , choose the necessary option:
There are two options available:
*Cancel active orders sent by the strategy;
*Do not cancel active orders sent by the strategy.;*Require manual confirmation
If you do not want to see enable or disable the open position dialog box when disabling turning off auto trading , select '''File''' in the main menu, click '''Preferences''', and select the '''Trading''' tab and check . In the section '''Do not show close Managing open position confirmation dialog when disabling auto tradingautotrading is turned off''' check box. , choose the necessary option:
There are two options available:
*Close the open position opened by the strategy;
*Do not close the open position opened by the strategy.;*Require manual confirmation
<div style="background-color: #E3FBE5;">Note: If the workspace (or MultiCharts) was closed while auto trading mode was enabled on one or several charts, a dialogue asking you if you want to enable auto trading on these charts on restart. Click '''Yes''' to enable auto trading or '''No''' to open charts with auto trading disabled.</div>
[[Category:AutoTrading]]

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