Chart Trading: Difference between revisions
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Active orders are shown in a bright color, while dependent inactive orders (wait for the active order to be filled before becoming active) are shown in transparent colors. Changing the size, or the price, of the parent order will automatically recalculate and update the dependent orders. | Active orders are shown in a bright color, while dependent inactive orders (wait for the active order to be filled before becoming active) are shown in transparent colors. Changing the size, or the price, of the parent order will automatically recalculate and update the dependent orders. | ||
The [[Risk Management Mode of Chart Trading]] allows to set an offset in ticks, equity percent or currency, and MultiCharts will calculate the price of exit orders and place them together with the entry. Press [[File:RadioBtn_Mode_RiskM.png|90px]] to switch to this mode. | |||
[[File:1.png]] | [[File:1.png]] | ||
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==Full and Compact Modes== | ==Full and Compact Modes== | ||
To switch to Full/Compact Mode, | To switch to Full/Compact Mode, click the corresponding button at the top of the Chart Trading Panel. | ||
==Selecting Broker== | ==Selecting Broker== | ||
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Profit and Loss can be indicated in: | Profit and Loss can be indicated in: | ||
Ticks [[File: | Ticks [[File:6.png]], percents [[File:7.png]] and dollars [[File:5.png]]. | ||
To change indication type, click the PnL and Current position box. Current Ask and Bid prices are indicated below. On the chart the Profit and Loss can be also indicated in: | To change indication type, click the PnL and Current position box. Current Ask and Bid prices are indicated below. On the chart the Profit and Loss can be also indicated in: | ||
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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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To set time in force of the order, use the '''Time in Force''' box in '''Chart Trading''' panel. | To set time in force of the order, use the '''Time in Force''' box in '''Chart Trading''' panel. | ||
* DAY – Good for one day | * DAY – Good for one day | ||
* GTC – Good | * GTC – Good-Til-Cancelled | ||
* GTD – Good | * GTD – Good-Til-Date | ||
* IOC – Immediate or Cancel Order | * IOC – Immediate or Cancel Order | ||
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** Right-click on the Chart Trading panel to see the shortcut menu, then click Format Chart Trading…; or | ** Right-click on the Chart Trading panel to see the shortcut menu, then click Format Chart Trading…; or | ||
** 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 | * Select General Settings tab | ||
'''Show Open Positions''' – enables/disables active positions indication on the chart | '''Show Open Positions''' – enables/disables active positions indication on the chart |