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# Select '''Online: load the locally stored data and connect to a real-time data feed''' to switch software to online mode and get access to data from data vendor servers.
# Select '''Download missing historical data''' to access historical data from a data provider server or it is limited to use only the data that is already stored in the database; clear the checkbox to work only with real-time data and locally stored data (no historical backfill from data vendor).
# Select '''Offline: Use only the locally stored data''' to work only with historical data that already saved in the database.
# To show the '''Data Server Mode''' tab on software startup, select the '''Show Data Server Mode dialog box on startup''' checkbox; clear the checkbox not to display the dialog box.
<div style="background-color: #E3FBE5;">'''Note''': In order to switch between the modes or turn on/off "Download missing historical data" box, all workspaces should be closed in all opened instances of MultiCharts, Portfolio Backtester and QuoteManager should be closed, no [[Time and Sales]], [[Understanding Real-Time Market Scanner|Service Scanner]] or [[Dom|DOM]] window should be activated. </div>
To learn how this page affects data collected in MultiCharts, please read [[Collecting and Saving Data to MultiCharts Database|this article]].
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== Trading ==
Trading settings affect the functionality and usability of manual and auto trading.
<div style="background-color: #E3FBE5;">'''IMPORTANT INFORMATION''': Any changed configuration in '''Preferences''' on '''Trading''' tab will come into effect and work correctly only after restart of MultiCharts.</div>
# Select '''Sound Alerts''' to enable alerting when a position is opened/closed, an order is filled, cancelled, rejected; clear the checkbox to disable alerting. Affects both auto trading and manual trading.
# Select '''Show order confirmation dialog when placing/cancelling orders using keyboard shortcut''' to prompt for a confirmation when an order is placed/cancelled using keyboard shortcuts; clear the box to avoid confirmation.
# Select the source of the average entry price for [[Chart Trading#Orders and Strategies|manual exit strategies]] in '''Exit Strategies Average Open Position Price''':
#* '''received''' directly '''from broker''';
#* '''calculated based on order(s) execution price'''.
# Clear '''Do not show cancel active orders confirmation dialog when disabling auto trading''' to see the dialog window asking if the pending strategy orders should be cancelled when automated trading is turned off; check the box and select one of the following options to avoid the dialog:
#* '''Cancel active orders sent by the strategy''',
#* '''Do not cancel active orders sent by the strategy'''.
# Clear '''Do not show close open position confirmation dialog when disabling auto trading''' to see the dialog window asking if the opened by strategy position should be closed when automated trading is turned off; check the box and select one of the following options to avoid the dialog:
#* '''Close the open [[Order and Position Tracker#Strategy Positions tab|position opened by the strategy]]''',
#* '''Do not close the [[Order and Position Tracker#Strategy Positions tab|open position opened by the strategy]]'''.
# Select one of the available currencies to see open [[Chart Trading#PnL and Current Position|profit and loss values on charts]] and profit and loss values in [[Order and Position Tracker#Open Positions Tab|Order and Position Tracker]] window in '''Preferred Currency'''.
=== Manual Exit Strategies Mode Modes ===Originally MultiCharts used to work in “All “[[Preferences#All to Positions” Positions|All to Positions]]” mode only, then the new 2 modes were added due to customers’ requests. It is possible to switch between the modes, however '''to make a mode come into effect, MultiCharts should be completely closed and restarted'''.
==== First to Position, then to Orders ====
This is combination of the 2 modes described below. The first exit strategy order works according to “All “[[Preferences#All to Positions” Positions|All to Positions]]” mode logic, all other exit orders work according to “All “[[Preferences#All to Orders|All to Orders” Orders]]” mode logic.
==== All to Positions ====
Whenever an exit strategy is used (whether it is an auto-attached exit strategy or it was manually dragged and dropped it onto an open position on the chart), the number of contracts of the exit strategy always depends on number of contracts of current open position and the exit strategy can be cancelled or vice versa , not placed at all, if an open position is closed or there is possibility of overfill (it can be cancelled manually).
<div style="background-color: #E5F6FF;">'''Example''':
# You click Buy Market 10 contracts.
# Long market position for 10 contracts is opened and 10 contracts stop loss is placed according to its settings. This stop order can be either filled or you can cancel it yourself, it will not be cancelled or modified any other way because it was bound to your 10 contract buy entry order.
# You are allowed It is possible to apply a different exit order to your current open position now. Let’s say, you decide to drag and drop a preset Profit Target onto your open market position. If you do this, you will place a 10 contracts profit target order according to its settings.# The key difference of this mode is that if you manually close 1 long contract out of 10 opened at the moment, both the stop loss and the profit target orders will remain with quantity quantities = 10, because in this mode they are not to be dynamically adjusted according to current number of currently open contracts.Similar to this case if you enter with an order + auto attached stop loss and then you place another order in opposite direction with attached profit target, the position will be closed, but both stop loss order and profit target orders will stay active, because they are not bound to open position in this mode. This is the case you have already experienced previously.
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