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Rithmic Paper Trading Broker Profile

1,027 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 ZenFire/Rithmic Server Sim 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 ZenFire/Rithmic broker and displayed in MultiCharts.
Unrealized Profit/Loss for the account is calculated by ZenFire/Rithmic broker and displayed in MultiCharts.
ZenFire 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 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]]).
====Setting up ZenFire Server Sim Rithmic Paper Trading Broker Profile====
Zen-Fire In the '''Properties Rithmic Paper Trading Broker Profile is created when MultiCharts is installed''' window (see [[Broker Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by your broker to connect to Rithmic.
In # 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.''Properties ZenFire<br/Rithmic Server Sim> The '''Reset''' button next to ''' window (see [[Broker Profiles OverviewAggregated Quotes''' is to restore default connection settings.#Managing Default Order Settings section. <br/> Click '''Lookup''' and wait a bit while MultiCharts receives '''Trade Route''' information from the Broker Profiles|Managing Broker Profiles]]) enter . 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 information provided by Zen-Fire/Rithmictraded instrument.
# Authority section <br/> Enter '''Login''' and '''Password''' <br/> SSL certificates path is set up by default.div style="background-color: # Connectivity section <br/E3FBE5;"> Make sure that Note: In case Trade Route search gives no results, most likely the selected deployment is '''Zen-Fire Server/Rithmic Sim''' <br/> Do not change anything else in this section. <br/> The Reset button nearby Deployment is to restore correct Login or password or other settingsare incorrect.# Reconnection Settings section <br/div> Configure timer to reconnect if connection to Zen-Fire/Rithmic is lost.
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.
 
<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]]