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LMAX Broker Profile

From MultiCharts
Click here to see the video tutorial on how to connect LMAX Broker Profile.

If you need data from LMAX data source, make sure you have LMAX data feed set up.

Connecting more than one LMAX broker profile is possible, but not recommended by LMAX.

Buy Stop orders with the price lower than the current price level are rejected by broker. Sell Stop orders with the price higher than the current price level are rejected by broker.

Stop-Limit orders are not supported by LMAX.

Orders are modified by means of cancellation and new order placement.

Buy/sell "1" with LMAX broker = buy/sell 1000.

Open position Profit/Loss is calculated by LMAX broker and displayed in MultiCharts.

Unrealized Profit/Loss for the account is calculated by LMAX broker and displayed in MultiCharts once in 10 seconds.

LMAX 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 LMAX Broker Profile

In the Properties LMAX window (see Managing Broker Profiles) enter the information provided by LMAX:

  1. Select type of connection: demo / real
    URL is selected automatically according to your type of connection.
  2. Enter Login and Password.

After the broker profile is set up, you can select it for trading, see the How to Select a Broker Account For Trading guide.