Rithmic 01 Broker Profile
Set up Rithmic 01 broker profile only if you have Rithmic Live account. If you have Rithmic Paper Trading account, configure Rithmic Paper Trading Broker Profile. If you need data from Rithmic data source, make sure you have Rithmic data feed set up.
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.
Open positions for symbols with hyphen in the name (spreads) are filtered out. In Order and Position Tracker, the positions are displayed only for individual symbols, if they exist in R-Trader.
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
In the Properties Rithmic 01 window (see Managing Broker Profiles) enter the information provided by the broker to connect to Rithmic:
- Authorization section.
Enter Login and Password.
SSL certificates path is set up by default.
- Connectivity section.
Select the deployment to use one of the pre-built Rithmic connection configurations. By default it is set to Rithmic 01.
Don’t adjust anything else in this section.
The Reset button next to Deployment is to restore the default settings.
- Default Order Settings section.
Click Lookup and wait a bit while MultiCharts receives Trade Route information from the Broker. It is possible to select a specific Trade Route for each Exchange. The selected option will be saved once you click OK.
If you’d like to use the Rithmic account in MultiCharts and in the Rithmic software simultaneously you need to enable the Connect via R|Trader Pro option in File -> New -> QuoteManager -> Tools -> Data Sources -> Rithmic 01 -> Settings. If this option is enabled, it is necessary to have Rithmic software running.