Risk Management Mode of Chart Trading

From MultiCharts
Jump to navigation Jump to search

The Risk Management mode is enabled with pressing RadioBtn Mode RiskM.png on the Chart Trading Panel.

The Risk Management panel includes the interface showing Ask and Bid prices.
Panel Toggle BuySell Entry.png
Buy or Sell buttons work as a toggle switch. Click Buy/Sell to determine which operation you are going to do.

Entry Price Control.png — The entry price control shows and allows you to select the price of the order that will be sent.
Entry Offset AskBid Control.png — Use this control to set the offset from ask/bid.
The offset is calculated taking the current ask/bid into account (depending on the trade direction – buy or sell). If one sets the offset, the order price will be recalculated accordingly.

Entry Order Type.png
Market, Limit and Stop are the toggle switches too. They determine the type of the order that is going to be sent.

Cancel All Button.png Cancel All button cancels all pending orders.
Close Button.png After pressing the Close button, MultiCharts sends an order to close the position and the command to cancel all pending orders.
Reverse Button.png Reverse closes the current position with market order, cancels all pending orders and sends market order to open the position in opposite direction for the same number of contracts.