Chart Trading: Difference between revisions
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Number of contracts for exit strategies applied to the open position changes taken into account strategies applied to filled orders and their effect on the overall position. In other words, strategies applied to the position protect the remainder that is not protected by strategies applied to individual orders. | Number of contracts for exit strategies applied to the open position changes taken into account strategies applied to filled orders and their effect on the overall position. In other words, strategies applied to the position protect the remainder that is not protected by strategies applied to individual orders. | ||
If a position was opened by an order that has an exit strategy attached from a flat position, then this strategy is applied to the entire position and “protects” it (see | If a position was opened by an order that has an exit strategy attached from a flat position, then this strategy is applied to the entire position and “protects” it (see Example 2 below). | ||
Exit strategies applied to positions and strategies applied to orders are visually different on both on the chart and in the DOM: exits strategies applied to positions have “p” letter to the left of the number of contracts. | Exit strategies applied to positions and strategies applied to orders are visually different on both on the chart and in the DOM: exits strategies applied to positions have “p” letter to the left of the number of contracts. | ||
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All Entry Strategies are placed with OCO-orders. | All Entry Strategies are placed with OCO-orders. | ||
There are two types of OCO-groups in MultiCharts: Native and | There are two types of OCO-groups in MultiCharts: Native and Emulated. | ||
Native OCO-group is used when the broker’s API supports OCO-groups. In this case all OCO orders are sent to the broker directly and unfilled OCO orders will be cancelled by the broker. (Native OCO-group is supported by Interactive Brokers | Native OCO-group is used when the broker’s API supports OCO-groups. In this case all OCO orders are sent to the broker directly and unfilled OCO orders will be cancelled by the broker. (Native OCO-group is supported by Interactive Brokers). | ||
Emulated OCO-group means that all OCO orders will be sent to the broker, but once one of them is filled, other orders from this OCO group will be cancelled by MultiCharts. In this case, when one of the OCO orders is filled, MultiCharts will send a command to cancel or reduce size of the second OCO order to the broker. | |||
Please note that in case of high market volatility there may be not enough time to cancel the order and therefore both orders may be filled. Both orders also may be filled in the unlikely event of crash or connection loss. | Please note that in case of high market volatility there may be not enough time to cancel the order and therefore both orders may be filled. Both orders also may be filled in the unlikely event of crash or connection loss. | ||
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** Click the Format tab in the main menu and then click Chart Trading. | ** Click the Format tab in the main menu and then click Chart Trading. | ||
* Select Common Settings tab | * Select Common Settings tab | ||
'''Show Open Positions''' – enables/disables active positions indication on the chart | '''Show Open Positions''' – enables/disables active positions indication on the chart | ||
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Change the style and the size of the components using 28 custom vertical and horizontal arrows and 7 custom sizes. | Change the style and the size of the components using 28 custom vertical and horizontal arrows and 7 custom sizes. | ||
To configure order markers size you should change Status Line font size: right-click on the chart to see the shortcut menu, click Format Window, select the Status Line tab and modify Font Size. | |||
To | To hide "Price and Type" and/or "Quantity and Direction" information for historical orders set style to "Invisible" in the corresponding lines. | ||
'''Active Orders and Positions''' | '''Active Orders and Positions''' | ||
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Change style and weight of connecting lines using 5 custom line types and 7 custom weights. | Change style and weight of connecting lines using 5 custom line types and 7 custom weights. | ||
Connecting Line Length - modifies the length of the line connecting order marker and price label on the price scale. | |||
<div style="background-color: #E3FBE5;">'''Note''': It is possible to change colors and weight for market positions, stop orders, limit orders and stop-limit orders, however it is not possible to change colors of the exit strategies for manual trading (see below).</div> | <div style="background-color: #E3FBE5;">'''Note''': It is possible to change colors and weight for market positions, stop orders, limit orders and stop-limit orders, however it is not possible to change colors of the exit strategies for manual trading (see below).</div> | ||
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* Connect a Broker Profile. | * Connect a Broker Profile. | ||
* Make sure that the chart shows historical trades. | * Make sure that the chart shows historical trades. | ||
* In the menu select View then click | * In the menu select View then click Trading Performance Report. | ||
[[Category:Manual Trading]] | [[Category:Manual Trading]] |