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Getting Started with AutoTrading

No change in size, 19:13, 2 February 2012
# 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.<br><br>##: '''''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. ##*: <br>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'''.

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