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Similar to this case if you enter with an order + auto attached stop loss and then you place another order in opposite direction with attached profit target, the position will be closed, but both stop loss order and profit target orders will stay active, because they are not bound to open position in this mode. </div> | Similar to this case if you enter with an order + auto attached stop loss and then you place another order in opposite direction with attached profit target, the position will be closed, but both stop loss order and profit target orders will stay active, because they are not bound to open position in this mode. </div> | ||
:4. '''Price Order Emulation''' | :4. '''Price Order Emulation'''<br> | ||
Since MultiCharts 12 it is possible to switch between native and emulated Stop, Limit and Stop-Limit orders in both auto trading and manual trading.<br><div style="background-color: #E3FBE5;">This feature requires real-time data subscription on your broker account.</div> | |||
From the dropdown list next to the corresponding order type<br> | |||
Select '''Emulate locally using Bid/Ask''' or '''Emulate locally using Trade''' to enable the Stop, Limit or Stop-Limit order emulation for manual trading <br> | |||
Select '''Use native''' if using price order emulation is undesirable.<br> | |||
<div style="background-color: #E3FBE5;">To apply the changes, disconnect and reconnect the broker profile.</div> | |||
When a '''Stop/Limit''' order is emulated - once the Stop/Limit price level is reached by the corresponding Ask/Bid or Trade prices, a market/limit order is sent to the broker correspondingly.<br> | |||
When a '''Stop-Limit''' order is emulated - once the Stop price level is reached by the corresponding Ask/Bid or Trade prices, a Limit order is sent to the broker.<br> | |||
When Stop, Limit and/or Stop-Limit order emulation is enabled - the emulated OCO group is used, regardless of the broker profile/auto trading broker plug-in settings. | |||
===Auto Trading Options=== | ===Auto Trading Options=== |