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Preferences

455 bytes added, 18:40, 18 July 2018
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>
===General===# Select '''Show Error pop-up alert''' to enable alerting when any errors in MultiCharts working occur; clear the checkbox to disable alerting. # 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 open [[Order and Position Tracker#Strategy Positions tab|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 Modes ===Originally MultiCharts used to work in “[[Preferences#All to Positions|All to Positions]]” mode only, then the new 2 modes were added due to customers’ requests.
===Manual Trading Options= ==# Check '''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# Check '''Require Order Confirmation''' to prompt for a confirmation when an order is placed manually on charts, in DOM and Forex Borad. Doesn’t apply to orders placed from Trade Bar.# Check '''Require Confirmation for Flatten Everything command''' to prompt for a confirmation when Flatten Everything command is used in the [[Order and Position Tracker]].# Select the source of the average entry price for manual exit strategies in '''Exit Strategies Average Open Position Price''':#* received from broker;#* calculated based on order(s) execution price. # Select the '''Exit Strategies Mode''':#* '''First to Position, Then then to Orders ====This ''' - this is a combination of the 2 modes described below. The first exit strategy order works according to “[[Preferences#All to Positions|All to Positions]]” mode logic, all other exit orders work according to “[[Preferences#All to Orders|All to Orders]]” mode logic. #* '''All to Position''' - 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).
==== 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''':
# All to Positions mode is used. Stop Loss exit strategy is configured to be auto attached.
# You click Buy Market 10 contracts.
# 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 be modified to reduce their quantities down to 9, because in this mode they are to be dynamically adjusted according to current number of open contracts.
# Similar to the described 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 and both stop loss order and profit target orders will be cancelled, because they are bound to open position in this mode.</div>
==== #* '''All to Orders ====Whenever ''' - 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 is always fixed and the exit strategy is not cancelled under any conditions, it can be only filled (it can be cancelled manually).
<div style="background-color: #E5F6FF;">'''Example''':
# All to Orders mode is used. Stop Loss exit strategy is configured to be auto attached.
# You click Buy Market 10 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. </div>
<br>=== # '''Price Order Emulation''' - since '''MultiCharts 12''' it is possible to switch between native and emulated Stop, Limit and Stop-Limit orders in both auto trading and manual trading. This feature requires realtime data subscription on your broker account. When a Stop/Limit order is emulated - once the Stop/Limit price level is reached by the corresponding Ask/Bid or Trade prices, a market order is sent to the broker. When a Stop -Limit order is emulated - once the Stop price level is reached by the corresponding Ask/Bid or Trade prices, a Limit order is sent to the broker. In case Stop, Limit and /or Stop-Limit Order Emulation ===order emulation is enabled - the emulated OCO group is used, disregard the broker profile/autotrading broker plugin settings.
Since '''MultiCharts 10''' it is possible to switch between native and emulated To enable the Stop and , Limit or Stop-Limit orders order emulation for both auto trading and manual trading. This feature requires realtime data subscription on your broker account. When a stop order is emulated - once select '''Emulate locally using Bid/Ask''' or '''Emulate locally using Trade''' from the stop price level is reached by dropdown list next to the corresponding Ask or Bid series, a market order is sent to the brokertype. When a stop-limit order is emulated - once Leave the stop settings to '''Use native''' if using price level is reached by the corresponding Ask or Bid series, a limit order emulation is sent to the brokerundesirable. In case Stop and/or Stop-Limit order emulation is enabled - to apply the emulated OCO group is used, disregard changes one needs to disconnect the broker profile/autotrading broker plugin settingsand reconnect it.
To enable ===Auto Trading Options=== # Clear '''Do not show cancel active orders confirmation dialog when disabling auto trading''' to see the Stop and/or Stop-Limit order emulation for manual 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:#* '''Emulate Stop order locallyCancel active orders sent by the strategy''' and/or ,#* '''Emulate Stop-Limit Do not cancel active orders locallysent by the strategy''' options.<div style="background-color: #E3FBE5Clear '''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;">In order to apply check the changes box and select one needs of the following options to disconnect avoid the dialog:#* '''Close the open [[Order and Position Tracker#Strategy Positions tab|position opened by the strategy]]''',#* '''Do not close the broker profile open [[Order and reconnect itPosition Tracker#Strategy Positions tab|position opened by the strategy]]'''.</div>
===Currency options===
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'''.
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