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Rithmic Paper Trading Broker Profile

1,301 bytes added, 13:33, 2 October 2023
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'''<div style="background-color: #E3FBE5;">Click [http://www.multicharts.com/downloads/tutorials/zenfire_rithmic_server_sim.mp4 here] to see the video tutorial on how to connect Rithmic Paper Trading Broker Profile.</div>'''<br>
If you need '''data''' from Rithmic data source, make sure you have [[Rithmic 01|'''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.
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 ZenFireRithmic broker and displayed in MultiCharts. Unrealized Profit/Loss for the account is calculated by Rithmic broker and displayed in MultiCharts.
Unrealized Profit/Loss for 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 account broker, price is calculated monitored by ZenFire/Rithmic broker MultiCharts and displayed in 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 the broker. Note that the second order may also be filled if price reaches its level before the cancellation is processed by the broker (see [[Trading Risks#OCO-Orders Risk|OCO-Orders Risk]]).
ZenFire 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 the 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 Risks).====Setting up Rithmic Paper Trading Broker Profile====
====Setting up ZenFire Server Sim In the '''Properties Rithmic Paper Trading Broker Profile====''' window (see [[Broker Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by your broker to connect to Rithmic.
Zen-Fire Broker Profile # Authorization section. <br/> Enter '''Login''' and '''Password''' <br/> SSL certificates path is set up by default.# Connectivity section. <br/> Select the required '''Gateway''' in the corresponding field. ''Do not change anything else in this section.'' <br/> The '''Reset''' button next to '''Aggregated Quotes''' is created when to restore default connection settings.# Default Order Settings section. <br/> Click '''Lookup''' and wait a bit while MultiCharts is installedreceives '''Trade Route''' information from the Broker. It can be, for example, only one option - '''simulator''' Trade Route, or it will be necessary to select one of the Trade Routes from the dropdown menu, depending on the traded instrument.
<div style="background-color: #E3FBE5;">Note: In case Trade Route search gives no results, most likely the '''Properties ZenFire/Rithmic Server Sim''' window (see [[Broker Profiles#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by Zen-FireLogin or password or other settings are incorrect. </Rithmic.div>
# Authority section <br/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''' -> Enter '''LoginNew''' and -> '''PasswordQuoteManager''' <br/-> SSL certificates path is set up by default.# Connectivity section <br/'''Tools''' -> Make sure that the selected deployment is '''ZenData Sources''' -Fire Server/> '''Rithmic Sim01''' <br/-> Do not change anything else in '''Settings'''. If this section. <br/> The Reset button nearby Deployment option is enabled, it is necessary to restore correct settings.# Reconnection Settings section <br/> Configure timer to reconnect if connection to Zen-Fire/have Rithmic is lostsoftware running.
<div style="background-color: #F0F8FF;">After the broker profile is set up, you can select it for trading, see the '''[[How to Select a Broker Account For Trading]]''' guide.</div>
[[Category:Broker Profiles]]