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=== Cancel Expired Market Orders After X Seconds === | === Cancel Expired Market Orders After X Seconds === | ||
Market orders that were not filled within the specified time (30 seconds by default) will be canceled. | |||
<div style="background-color: #E5F6FF;">'''Example''': | <div style="background-color: #E5F6FF;">'''Example''': Default 30 second timeout is set;<br>12:00:00 Strategy Calculation at close of bar # 51 - place market order to buy at open of next bar;<br>12:00:01 Strategy Calculation at open of bar # 52 - market order to buy is placed at broker;<br>12:00:10 Strategy Calculation at close of bar # 52 - no market order to buy at open of next bar should be placed;<br> Default 30 second countdown starts:<br>12:00:40 - market order is cancelled.</div> | ||
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In order to apply the changes one needs to disconnect the broker profile and reconnect it. | In order to apply the changes one needs to disconnect the broker profile and reconnect it. | ||
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=== Self-Adaptive Trading === | |||
Check the Enable box to run periodic re-optimization of the strategy on new data. | |||
See the [[Self-Adaptive Trading]] page for more info. | |||
=== Unfilled Strategy Order Replacement === | === Unfilled Strategy Order Replacement === | ||
With the help of these options one can have unexecuted entry/exit price orders converted into market orders when the specified timeout is exceeded or upon bar close. | With the help of these options one can have unexecuted entry/exit price orders converted into market orders when the specified timeout is exceeded or upon bar close. | ||
The timer is launched depending on the option “Get | The timer is launched depending on the option “Get Real-Time Data from” and the mode of auto trading. | ||
In '''SA''' mode: | |||
* when set to “Broker”, the timer starts when the '''price at the broker''' touches the order’s price; | * when set to “Broker”, the timer starts when the '''price at the broker''' touches the order’s price; | ||
* when set to “Chart”, the timer starts when the order price is hit '''on a chart'''. | * when set to “Chart”, the timer starts when the order price is hit '''on a chart'''. | ||
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<div style="background-color: #E3FBE5;">'''Note''': If the order price is not hit at broker/chart then the order will not be converted.</div> | <div style="background-color: #E3FBE5;">'''Note''': If the order price is not hit at broker/chart then the order will not be converted.</div> | ||
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In '''AA''' mode conversion will start when an order is filled on a chart. | |||
The conversion algorithm is the following: | |||
# The Auto trading engine system receives an order filling event on the chart. | |||
#* If an identical order is now placed on the broker, the timer for conversion is launched. | |||
#* If this order is not placed on the broker yet, MultiCharts remembers that on this bar it is necessary to convert this particular order. | |||
# The Auto Trading engine places an order that needs conversion. The timer for conversion is launched. | |||
=== Partially Filled Orders Replacement === | === Partially Filled Orders Replacement === | ||
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<div style="background-color: #E5F6FF;">'''Example''': | <div style="background-color: #E5F6FF;">'''Example''': | ||
Auto trading mode is Async. (see [[Understanding Automated Trade Execution]]), Get Real-Time from Chart is selected, there is an executed entry and a trailing stop is sent. The trailing order price is calculated based on the entry order fill price at the broker and the real-time price from the chart.</div> | Auto trading mode is Async. (see [[Understanding Automated Trade Execution]]), Get Real-Time from Chart is selected, there is an executed entry and a trailing stop is sent. The trailing order price is calculated based on the entry order fill price at the broker and the real-time price from the chart.</div> | ||
# From Broker: Asks and Bids are taken from the connected broker. | # From Broker: Asks and Bids are taken from the connected broker.<div style="background-color: #E3FBE5;">'''Note''': '''From Broker''' option is not available for asynchronous mode [AA]</div> | ||
# From Chart: depends on the BackTesting Mode:<BR> | # From Chart: depends on the BackTesting Mode:<BR> | ||
::a) If it is Classic Backtesting, then the data is taken from the data series 1;<BR> | ::a) If it is Classic Backtesting, then the data is taken from the data series 1;<BR> | ||
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===Assign | ===Assign Initial Market Position to Strategy=== | ||
When auto trading is turned on, a strategy starts working with a specific market position.<br> | |||
Depending on the mode of auto trading, this position can vary. In [SA] mode it is always flat on chart when you turn it on, but in [AA] mode it can be short, flat or long, depending on backtesting trades (to learn more see [[#Mode_Selection|Mode Selection]]).<br> | |||
This option allows to control the initial market position for the strategy to start calculation and order generation with when you turn on auto trading. | |||
The available options are: | |||
* | :* '''Flat ''' - the initial position will be flat.<br> <div style="background-color: #E3FBE5;">'''Example''': According to your backtesting, the current position is 1 contract long and your real broker position is 1 contract short. With this option you will have +1 on your chart, flat for auto trading engine within the software and -1 short at broker, when the automation is turned on. </div> | ||
:* '''From Chart''' - the initial position will be the same as the position on the chart. | |||
:* '''From Broker''' - the initial position will be the same as the actual position at the broker when automation is enabled. | |||
:* '''Always show dialog window''' - to get the dialog every time the automation is enabled, no matter what the strategy position is at that moment.<br> <div style="background-color: #E3FBE5;">'''Note''': It is extremely important for [SA] mode, because it is always flat when automation is turned on in [SA].</div> | |||
:* '''Show dialog window only if market position on chart is different from broker''' - to get the dialog when the chart and broker positions do not match. | |||
=== Set TIF for order types === | |||
* | Select the '''Time in Force (TIF)''' for each order type: | ||
* Market | |||
* Limit | |||
* Stop | |||
* Stop-Limit | |||
< | |||
These controls work as a dropdown list with all TIFs supported in MultiCharts: | |||
* Default (corresponds to the value from the broker plugin settings) | |||
* DAY | |||
* GTC | |||
* GTD (includes the additional control to select the number of days) | |||
* IOC | |||
* FOK | |||
* AON | |||
The list depends on what TIFs are supported by the broker. | |||
The selected TIF values will be used to send orders into the broker plugin. | |||
If the selected TIF is not supported by a broker profile, the value from the [https://www.multicharts.com/trading-software/index.php?title=Auto_Trading#Select_Broker_Plug-in broker plugin settings] will be taken. | |||
<div style="background-color: #E3FBE5;">'''Notes''': | |||
# Some brokers may change TIF on their end – MultiCharts doest not regulate it. | |||
# The described behaviour is ''not applicable'' to backtesting. | |||
</div> | |||
===Select Broker Plug-in=== | ===Select Broker Plug-in=== | ||
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* [[Auto_Trading#Stop_auto-trading_if_final_status_of_an_order_is_not_received|"Stop auto trading if final status of an order is not received"]] option has come into effect | * [[Auto_Trading#Stop_auto-trading_if_final_status_of_an_order_is_not_received|"Stop auto trading if final status of an order is not received"]] option has come into effect | ||
* [[Auto_Trading#Stop_auto-trading_after_X_rejected_orders|"Stop auto trading after X rejected orders"]] option has come into effect | * [[Auto_Trading#Stop_auto-trading_after_X_rejected_orders|"Stop auto trading after X rejected orders"]] option has come into effect | ||
* You have got a [[Fail-Watch and Trading System Warnings]] alert | |||
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