Difference between revisions of "Rithmic 01 Broker Profile"

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<div style="background-color: #E3FBE5;">Click [http://www.multicharts.com/downloads/tutorials/rithmic01_broker.mp4 here] to see the video tutorial on how to connect Rithmic 01 Broker Profile.</div>
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'''<div style="background-color: #E3FBE5;">Click [http://www.multicharts.com/downloads/tutorials/rithmic01_broker.mp4 here] to see the video tutorial on how to connect Rithmic 01 Broker Profile.</div>'''
  
 
If MultiCharts sends a stop order with the price equal to current market price or better (guaranteed to be executed) it will be rejected by the broker. Therefore, MultiCharts converts such stop orders into market orders.
 
If MultiCharts sends a stop order with the price equal to current market price or better (guaranteed to be executed) it will be rejected by the broker. Therefore, MultiCharts converts such stop orders into market orders.

Revision as of 16:02, 12 March 2012

Click here to see the video tutorial on how to connect Rithmic 01 Broker Profile.

If MultiCharts sends a stop order with the price equal to current market price or better (guaranteed to be executed) it will be rejected by the broker. Therefore, MultiCharts converts such stop orders into market orders.

Stop-Limit orders: if at the moment an order is sent its stop level or both stop and limit levels are met, then it will be converted to limit order.

Buy Stop-Limit orders with Stop level higher than Limit level and Sell Stop-Limit orders with Stop level lower than Limit level are rejected by the broker.

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

Unrealized Profit/Loss for the account is calculated by Rithmic broker and displayed in MultiCharts.

Rithmic 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 Rithmic 01 Broker Profile

Rithmic Broker Profile is created when MultiCharts is installed.

In the Properties Rithmic 01 window (see Managing Broker Profiles) enter the information provided by Rithmic:

  1. Authority section.
    Enter Login and Password.
    SSL certificates path is set up by default.
  2. Connectivity section.
    Make sure that the selected deployment is Rithmic 01.
    Don’t adjust anything else in this section.
    The Reset button nearby Deployment is to restore correct settings.
  3. Reconnection Settings section.
    Configure timer to reconnect if connection to Rithmic is lost.