Rithmic 01 Broker Profile: Difference between revisions
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'''<div style="background-color: #E3FBE5;">Click [http://www.multicharts.com/downloads/tutorials/rithmic01_broker.mp4 here] to see the video tutorial on how to connect Rithmic 01 Broker Profile.</div>'''<br> | '''<div style="background-color: #E3FBE5;">Click [http://www.multicharts.com/downloads/tutorials/rithmic01_broker.mp4 here] to see the video tutorial on how to connect Rithmic 01 Broker Profile.</div>'''<br> | ||
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|Rithmic Paper Trading 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|Rithmic Paper Trading Broker Profile]]'''. | ||
If you need '''data''' from Rithmic data source, make sure you have [[Rithmic 01|'''Rithmic data feed''']] set up. | If you need '''data''' from Rithmic data source, make sure you have [[Rithmic 01|'''Rithmic data feed''']] set up. | ||
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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 [[Trading Risks#OCO-Orders Risk|OCO-Orders Risk]]). | 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 [[Trading Risks#OCO-Orders Risk|OCO-Orders Risk]]). | ||
== Setting up Rithmic 01 Broker Profile == | |||
In the '''Properties Rithmic 01''' window (see [[Broker Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by the broker to connect to Rithmic: | In the '''Properties Rithmic 01''' window (see [[Broker Profiles Overview#Managing Broker Profiles|Managing Broker Profiles]]) enter the information provided by the broker to connect to Rithmic: |