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Chart Trading

7,377 bytes added, 23:15, 23 February 2012
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See [[Orders and Strategies]].
 
==Setting Order Quantity==
 
Set order quantity by one of the following methods:
* Type in order quantity in Order Quantity box http://www.multicharts.com/img/wiki/dom/10.png in Chart Trading; or:
* Click the Trading Calculator button http://www.multicharts.com/img/wiki/dom/11.png.
 
Calculator automatically increases the current trade size setting by one, e.g. if you had 1 in order quantity field, calculator would automatically make it 2.
 
You can modify the number of contracts by pressing +1, +2, +5 etc. buttons. '''Zero''' button resets the number of contracts to zero.
 
Buttons on the left side of the calculator contain 6 last values.
 
You may set this number of contracts by pressing those buttons. To apply the modifications click OK, to cancel the modifications click '''Cancel'''.
 
==Setting Time in Force==
 
To set time in force of the order, use the '''Time in Force''' box in '''Chart Trading''' panel.
* DAY – Good for one day
* GTC – Good ‘Til Cancelled
* GTD – Good To Date
* IOC – Immediate or Cancel Order
 
==Order Modification==
 
Order modification allows adjusting price level and changing the quantity of the order that has not been filled yet.
 
'''Adjusting price levels'''
 
To modify order price, drag the order marker on the chart and drop it to the desired price level.
When you drag the order with the mouse, it shows the difference between the actual position of the cursor and Bid or Ask price while you hold left button.
If you move the order somewhere between Bid and Ask on the price scale, it shows you current spread value changing dynamically.
 
To cancel the price level adjustment, press Esc before releasing left mouse button.
 
To modify the length of the line connecting order marker and price label on the price scale see Chart Trading Settings.
 
'''Changing Quantity'''
 
Change quantity of the order by one of the following methods:
* Right-click the order marker on the chart to see the shortcut menu, select Change Quantity and select the quantity; or:
* Click on volume value on order marker on the chart and modify the quantity in Trading Calculator (see Trading Calculator)
 
<div style="background-color: #E3FBE5;">Note: Unlike DOM, in Chart Trading the orders with the same price levels can be moved and modified separately (without joining the orders into one group) by drag-and-drop. If you want to cancel the price level adjustment, press Esc before releasing left mouse button.</div>
 
==Cancelling orders==
 
Cancel separate threads or the order/strategy completely by one of the following methods:
* Click on the Close button on order/strategy marker; or:
* Right-click the order marker on the chart to see the shortcut menu and select Cancel Order.
 
To cancel multiple orders at a time orders use Cancel Asks, Cancel Bids and Cancel All buttons.
 
The Cancel Asks button cancels all pending buy orders. The Cancel Bids button cancels all pending sell orders. The Cancel All button cancels all pending orders.
 
==Close position==
 
Close the position by one of the following methods:
* Right-click the order marker on the chart to see the shortcut menu and click Close Position; or:
* Click on the Close button on Chart Trading Panel;or:
* Click on the Close button on the position marker.
 
Closing the current position cancels all pending orders.
 
==Reverse position==
Reverse the position by one of the following methods:
* Right-click the order marker on the chart to see the shortcut menu to call context menu and select Reverse Position; or:
* Click the Reverse button on Chart Trading panel; or:
* Click the Reverse button at the right side of position marker on the chart.
 
Reverse closes the current position with market order, cancels all pending orders and sends market order to open the position in opposite direction for the same number of contracts.
 
==Chart Trading Settings==
 
To configure Chart Trading Settings:
 
* Open Format Chart Trading window by one of the following methods:
** Right-click on the chart 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.
* Select Common Settings tab
 
'''Require Order confirmation''' – when enabled, the confirmation window will be shown every time you place an order
'''Show Open Positions''' – enables/disables active positions indication on the chart.
'''Show Historical Orders''' – enables/disables historical orders indication on the chart
'''Show Active orders''' – enables/disables active orders indication on the chart
'''Show Trade Panel''' – shows/hides Trade Panel.
'''Show Best Bid & Best Ask''' – enables/disables indication of Best Bid & Best Ask in Trade Panel
'''Stop Limit Offset''' – allows setting default Stop Limit offset with spin-box.
'''PnL Display Unit''' – allows selection of PnL indication type (Currency, Point, Percent)
'''Use as Default''' – saves the settings as Default. All subsequently created charts will use the same settings.
 
==Appearance ==
 
To configure visual parameters of Chart Trading orders:
 
* Open Format Chart Trading window by one of the following methods:
** Right-click on the chart 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, then click Chart Trading.
* Select Historical Orders tab or Active Orders and Positions tab
 
'''Historical Orders'''
 
Select one of the standard 40 colors from the palette box, or click Other to use custom colors for the key components of historical orders markers.
 
Change the style and the size of the components using 28 custom vertical and horizontal arrows and 7 custom sizes.
 
Connecting Line Length - modifies the length of the line connecting order marker and price label on the price scale.
 
To configure order markers size you should change Status Line font size.
 
To 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.
 
'''Active Orders and Positions'''
 
Select one of the standard 40 colors from the palette box, or click Other to create custom colors for the Active Orders and Positions.
 
Change style and weight of connecting lines using 5 custom line types and 7 custom weights.
 
'''Default Active Order Colors'''
 
Order/Strategy Color RED GREEN BLUE
Breakeven Strategy Yellow 255 255 0
Breakout Down/Fade Strategy DarkCyan 0 139 139
Breakout Strategy MediumPurple 147 112 219
Breakout Up/Fade Strategy Sienna 160 82 45
Buy/Sell Limit Lime 30 255 0
Buy/Sell Stop Sienna 160 82 45
Buy/Sell Stop Limit Magenta 255 0 255
Fade Strategy OliveDrab 107 142 35
Stop Loss Strategy Maroon 128 0 0
Profit Target Strategy Green 0 255 0
Trailing Stop Strategy Orange 255 165 0
 
==Accessing Performance Report==
 
'''To access a Strategy Performance Report:'''
* Apply a strategy to a chart.
* In the menu select View then click Strategy Performance Report.
 
'''To access a Trading Performance Report:'''
* Connect a Broker Profile.
* Make sure that the chart shows historical trades.
* In the menu select View then click Strategy Performance Report.
[[Category:Manual Trading]]

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