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Unrealized Profit/Loss for the account is calculated in MultiCharts.
IWBank supports native does not support Native One-Cancels-Others group. Native In this case MultiCharts emulates OCO-group is used when the broker’s plug-in supports on its end. Simulated OCO-groups. In this case group means that all OCO orders are sent to the broker directly , price is monitored by MultiCharts and unfilled once one of the orders is filled, other orders from this OCO group are cancelled by MultiCharts. When one of the OCO orders will is filled, MultiCharts sends a command to cancel the second OCO order to broker. Note that the second order may also be cancelled 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 IWBank Quick Trade Connection==== In IW Bank Quick Trade terminal go to '''Tools''' -> '''Settings''' -> '''External Interface settings'''. Enable the following options: 1) The external access is possible only from the Computer 2) Enable sending of dossier via socket Then go to '''C:\Windows\System32\drivers\etc\''' open the "hosts" file with any text editor. Add the following lines: 127.0.0.1 localhost <nowiki>#_::1 localhost</nowiki> '''Restart MultiCharts and IW Bank Quick Trade terminal.'''
====Setting up IWBank Quick Trade Broker Profile====
In the '''Properties IWBank''' window (see [[Broker ProfilesOverview#Managing Broker Profiles|Managing Broker Profiles]]) enter your '''User ID''' on Connection tab.
Select your '''Account''' on Account Settings tab.
* '''DAY'''
: Order is canceled if it is not executed by the close of the trading day. DAY is set as default.
* '''GTC (Good-TillTil-CanceledCancelled)'''
: Order stays within the system and in the marketplace till it gets executed or canceled. GTC orders are automatically cancelled under the following conditions.
* '''IOC(Immediate-or-Cancel)'''
: Any portion of an order that is not filled is to be canceled as soon as it becomes available in the market.
* '''GTD (Good Till -Til-Date)''': Order is placed and it is active up to a specified date. Once GTD Time-In-Force parameter is selected, the '''Good Till -Til-Date field''' appears allowing to specify a number of days. <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]]
