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The chart trading panel allows placing manual orders directly from a chart. The chart is cursor-sensitive, so right-clicking on the chart will create an order at the price level you clicked on. Orders can be also dragged and dropped directly to a specific price on the chart.
You can send single orders and entire strategies using the methods described above. MultiCharts supports simple single orders, One-Cancels-Other order groups (OCO), as well as automated entry and exit strategies. The Entry Automation and Exit Automation strategies can be applied by drag-and-drop or by right-clicking to individual orders, and entire positions (see [[http://www.multicharts.com/trading-software/index.php/Category:Orders_and_Strategies|Orders and Strategies]]).
Orders can be changed or cancelled by right-clicking them and choosing the appropriate option in the shortcut menu or from the Chart trading panel itself. Strategy levels (such as profit target and stop loss) can also be easily changed and moved around. Strategy names are shown on the appropriate levels, showing where the orders came from.
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.
==Show/Hide Chart Trading Panel==
==Selecting Broker==
To select a broker, click the arrow on the Broker Connection button http[[File://www.multicharts.com/img/wiki/charttrading/3.png ]] and select a broker in drop-down menu.
For more info see [[Broker Profiles Overview]]
==Connecting / Disconnecting Broker Profile==
When a broker is selected, click the Broker Connection button http[[File://www.multicharts.com/img/wiki/charttrading/3.png ]] to connect or disconnect it.
For more info see [[Broker Profiles Overview]]
Profit and Loss can be indicated in:
Ticks http[[File://www.multicharts.com/img/wiki/charttrading/5.png]], percents http[[File://www.multicharts.com/img/wiki/charttrading/6.png ]] and dollars http[[File://www.multicharts.com/img/wiki/charttrading/7.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:
Dollars http[[File://www.multicharts.com/img/wiki/charttrading/9.png]], Ticks http[[File://www.multicharts.com/img/wiki/charttrading/10.png]], Percent http[[File://www.multicharts.com/img/wiki/charttrading/8.png]].
Click the PnL Marker to change indication type.
Buy or Sell Market orders can be sent by pressing Buy Mkt and Sell Mkt buttons. Buy Ask, Buy Bid & Sell Ask, Sell Bid buttons send buy and sell limit orders at ask and bid prices respectively.
==Place Order==
Place Order menu allows you to place Stop, Limit and Stop-Limit orders as well as to automate certain methods of entering or exiting positions (see [[Chart Trading#Orders and Strategies|Orders and Strategies]]). It’s perfect for avoiding repetitive tasks, increasing your productivity and focusing on trading. Automation is especially useful when you need to apply an order pair quickly.
Place Order menu strategies give you competitive advantage over other traders: they allow you to exit the position faster than others. They also reduce the risk of two orders execution and would be especially useful for traders who use pyramiding strategies. Each strategy is an OCO group – if one order is filled, the other is canceled.
Set order quantity by one of the following methods:
* Type in order quantity in Order Quantity box http[[File://www.multicharts.com/img/wiki/dom/10.png ]] in Chart Trading; or:* Click the Trading Calculator button http[[File://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.
'''Default Active Order Colors'''
==Accessing Performance Report==
