IWBank Quick Trade Broker Profile
To connect MultiCharts to IWBank broker, it is necessary to have their software installed and launched on the computer.
To download the latest version of IW Quick Trade, follow this link: http://www.iwbank.it/piattaforma-professionale-iwquicktrade-trader.html
Open position Profit/Loss is calculated in MultiCharts.
Unrealized Profit/Loss for the account is calculated in MultiCharts.
IWBank does not support Native One-Cancels-Others group. In this case 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 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
#_::1 localhost
Restart MultiCharts and IW Bank Quick Trade terminal.
Setting up IWBank Quick Trade Broker Profile
In the Properties IWBank window (see Managing Broker Profiles) enter your User ID on Connection tab.
Select your Account on Account Settings tab.
Select Time in force of orders on the Default Order 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-Till-Canceled)
- 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 Date)
- Order is placed and it is active up to a specified date. Once GTD Time-In-Force parameter is selected, the Good Till Date field appears allowing to specify a number of days.
