Difference between revisions of "Rithmic Paper Trading Broker Profile"
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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 | + | '''<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>''' |
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. | ||
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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. | 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 | + | Open position Profit/Loss is calculated by Rithmic broker and displayed in MultiCharts. |
| − | Unrealized Profit/Loss for the account is calculated by | + | 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 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 | + | ====Setting up Rithmic Paper Trading Broker Profile==== |
| − | + | 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. | |
| − | |||
| − | In the '''Properties | ||
# Authority section <br/> Enter '''Login''' and '''Password''' <br/> SSL certificates path is set up by default. | # Authority section <br/> Enter '''Login''' and '''Password''' <br/> SSL certificates path is set up by default. | ||
| − | # Connectivity section | + | # Connectivity section <br/> Do not change anything else in this section. <br/> The Reset button nearby Deployment is to restore correct settings. |
| − | + | # Default Order Settings section. <br/> Click Lookup and wait a bit while MultiCharts receives 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. | |
| − | # Default Order Settings section. <br/> Click Lookup and wait a bit while MultiCharts receives | ||
| − | <div style="background-color: #E3FBE5;">Note: | + | <div style="background-color: #E3FBE5;">Note: In case Trade Route search gives no results, most likely the Login or password or other settings are incorrect. </div> |
[[Category:Broker Profiles]] | [[Category:Broker Profiles]] | ||
Revision as of 13:40, 27 June 2014
Click here to see the video tutorial on how to connect Rithmic Paper Trading 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 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-Orders Risk).
Setting up Rithmic Paper Trading Broker Profile
In the Properties Rithmic Paper Trading Broker Profile window (see Managing Broker Profiles) enter the information provided by your broker to connect to Rithmic.
- Authority section
Enter Login and Password
SSL certificates path is set up by default. - Connectivity section
Do not change anything else in this section.
The Reset button nearby Deployment is to restore correct settings. - Default Order Settings section.
Click Lookup and wait a bit while MultiCharts receives 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.
Note: In case Trade Route search gives no results, most likely the Login or password or other settings are incorrect.
