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== Setting Up Auto Trading in MultiCharts ==
# Determine the symbol to plot on a chart. In QuoteManager, verify that that the '''Price Scale''', '''Min Movement''', and '''Big Point Value''' settings for the symbol are correct. MultiCharts will have the correct settings for most of the symbols, but it is not possible to cover every symbol. If these settings are not correct, then the chart will not plot properly and orders may be rejected by the execution gateway. To learn more, see [[<span style="color: red;">'''LINK'''</span> /101-01_SettingIndProp.html name=""; |Setting Properties]].
# Create a chart of the necessary symbol. To learn more, see [[<span style="color: red;">'''LINK'''</span> /22-0100_CreatingChart.html name=""; |Creating Charts]].
# Add the necessary signals to the chart. To learn more, see [[<span style="color: red;">'''LINK'''</span> /0270_Indicators/22-7000_Studies.html name=""; |Using Studies]].
# Set signal and strategy properties. To learn more, see [[<span style="color: red;">'''LINK'''</span> /0270_Indicators/22-7006_SignalSettings.html name=""; |Signal Settings]] and [[<span style="color: red;">'''LINK'''</span> /0280_Backtesting/22-8003_StrategyProp.html name=""; |Strategy Properties]].
# Open the '''Strategy Properties''' window.
# Open the '''Strategy Properties''' window.<br><br>To open the '''Strategy Properties''' window:
## Open the '''Format Objects''' window.<br><span>{{FormatObjectIS}}</span>
## Select the '''Signals''' tab.
## Click '''Properties''' to open the '''Strategy Properties''' window.
# 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><div style="background-color: #E3FBE5;">Note: As long as there is a partially filled order, MultiCharts will always convert the order as described in this step regardless of any settings that are in '''Unfilled Strategy Order Replacement'''. If the order was not partially filled and '''Unfilled Strategy Order Replacement''' was turned on, then MultiCharts will convert the order according to the settings in '''Unfilled Strategy Order Replacement'''.</div>
# 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.
# Select the '''Audio Alert''' check box and choose a sound file to activate an audio alert every time a notification window appears.
#: To learn more, see [[<span style="color: red;">'''LINK'''</span> Selecting an Alert Sound File]]
#: 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" WIDTH="14" HEIGHT="14" HSPACE="2"ALIGN="bottom"> 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 '''Mode Selection''' section, there are two options: synchronous and asynchronous [[<span style="color: red;">'''LINK'''</span> /0295_AutoTrading/02-9501_AT_Understanding.html name=""; |mode]].
## Select '''Entries/Exits are based on the execution confirmation by the broker (Sync) ''' option for synchronous auto trading mode (SA).
## Select '''Entries/Exits are independent of the execution confirmation by the broker (Async)''' option in the '''Mode Selection''' section for Asynchronous auto trading mode (AA). If AA is selected, two group boxes become available.
##: '''''Unfilled Strategy Order Replacement'''''
##: 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''' check box to convert unexecuted limit or stop entry orders to market after a specified number of seconds. Enter the number of seconds in 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 the list box.
<br><div style="background-color: #E3FBE5;">Note: The waiting period for converting unfilled limit or stop 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 unfilled, MultiCharts will always convert the order as described in this step regardless of any settings under '''Replace to Market Partially Filled Orders'''. If there is a partially filled order and '''Replace to Market Partially Filled Orders''' was turned on, then MultiCharts will convert the order according to the settings in '''Replace to Market Partially Filled Orders'''.</div>
<br><br>
##:'''''Assign the Initial Market Position at the Broker Settings'''''
##:To learn more, see [[<span style="color: red;">'''LINK'''</span> /0295_AutoTrading/02-9503_AT_Working.html name="10"; |Synchronization of Market Position in Auto Trading Mode]].
##* Select '''Show the Assign the Initial Market Position at the Broker''' radio button to display a dialogue box to input the initial position and average entry price. This dialogue box will appear when auto trading is turned on in the chart (see last step).
##* Select '''Do not show the Assign the Initial Market Position at the Broker''' radio button to set the initial position here instead of in the dialogue box.
##*: There are two choices:
##** Select '''Assume the initial market position at the broker FLAT''' to set the initial position to 0.
##** Select '''Assume the initial market position at the broker the SAME AS on the CHART''' to set the initial position to the position that's on the chart.
<br><div style="background-color: #E3FBE5;">Note: Synchronization of the Market Position in the Auto Trading Mode may not work correctly if pyramiding was used in the strategy. It may also not work correctly if more than one active entry was generated on a chart when auto trading is launched. The reason for this limitation is that dialog window is set up to define only one active entry.</div>
# Choose the broker/gateway from the list box in the '''Select Broker Plug-in''' section.
# Click '''Settings'''.
[[Category:AutoTrading]]
