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Trade Bar

2,915 bytes added, 13:04, 3 August 2021
Trade Bar allows navigating between the brokers and trading with a few clicks. It contains a series of tabs, and you can trade through different brokers by switching tabs. It that shows all the brokers for which you have created broker profiles, and this allows you to flip through them by clicking click on the appropriate tabsbroker tab and execute trades to that broker.
Trade Bar also shows you which broker connections are currently active by showing a green light next to broker name, and which ones are offline by showing a red light. It is a very convenient tool for placing orders without plotting charts or using DOM windows.
The main advantage is that you can see all of the currently connected brokers, and place orders through several brokers at the same time. For example, you may have one broker for Forex and another one for futures, and place orders on both without logging in or out.
http[[File://www.multicharts.com/img/wiki/tradebar/1TB1.png]]
==How to Show/Hide Trade Bar==
To connect /disconnect the broker profile that you want to trade with, right-click the Broker Profile tab to see the shortcut menu and then click '''Connect / Disconnect'''.
<div style="background-color: #E3FBE5;">'''Note:''' Broker Connection indicator http[[File://www.multicharts.com/img/wiki/tradebar/2TB2.png ]] on the Trade Bar shows Broker Profile connection status which is not the same as Data Feed connection status.</div>
For more info see == Selecting Account == Select the account number in the Account Selector box [[File:TB3.png]] == Selecting Instrument == To select the instrument you want to trade with:* Type in the symbol name into the Instrument Selector field [[Broker ProfilesFile:TB4.png]] and press Enter; or:* Click on the Lookup button [[BuiltFile:lookup.png]] to select the necessary symbol from your database.  <div style="background-color: #E3FBE5;">Note: To be able to trade the instrument from Trade Bar, you should add it to the Quote Manager (see [[Operating Symbol List]]).</div> == Setting Order Quantity == Set order quantity by one of the following methods:* Type in order quantity in Data SourcesOrder Quantity box [[File:TB5.png]]on Trade Bar; or:* Click the Trading Calculator button [[File:TB6.png]].  Calculator automatically increments 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 adjust the number of contracts by pressing +1, +2, +5 etc. buttons. Zero button resets the number of contracts to zero.
Buttons on the right 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. == Selecting Account Price Level Selector== Price Level Selector [[File:TB7.png]] allows you to set the price of your order with just a few clicks. It also shows Bid and Ask prices without opening charts or DOM windows.
Select the account number in the Account By default Price Level Selector box http://wwwshows an average price of bid and ask.multicharts.com/img/wiki/tradebar/3.png
Click on the arrow at the right of Price Level Selector to see the range of prices. Three colored prices are: pink price at the top is ask, blue price at the bottom is bid, green price in the middle is an average price of bid and ask.
== Selecting Instrument ==Scroll the list of prices up or down, using up and down arrows. To set the price for Limit, Stop or Stop-Limit order just click the price that you need.
[[File:TB8.png]] == Setting Time in Force == To select set time in force of the order, use the Time in Force box on the instrument you want to trade withTrade Bar. * DAY – Good for one day* GTC – Good-Til-Cancelled* GTD – Good-Til-Date* IOC – Immediate or Cancel Order [[File:TB9.png]] ==One-click order placing== Market, stop, limit and stop limit orders can be sent directly from Trade Bar.* Choose the order type in the Order Type in box  [[File:TBBB.png]] When the symbol name into order type is chosen, place an order by pressing the Instrument Selector field httpBuy Mkt / LMT / STP / STL [[File:TB11.png]] or the Sell Mkt / LMT /STP /wwwSTL [[File:TB12.png]] buttons on the Trade Bar. Order Size is defined by Qty field, Time In Force is defined by the value set in the Time In Force field (see [[Chart Trading#Setting Order Quantity|Setting Order Quantity]] and [[Chart Trading#Setting Time In Force|Setting Time In Force]]).multicharts If the market type of order is selected then the market price is chosen by default.com If the limit/imgstop/wikistop limit type of order is selected then limit/tradebarstop/4stop limit price box comes up where you can set stop and limit prices.png and press  Select the price by one of the following methods:* Enterthe price manually in the Limit/Stop/Stop Limit Price box; or:* Click Choose the price using the Price selector  <div style="background-color: #E3FBE5;">'''Note''': if you do not see the order on the Lookup button http:chart/in DOM window and/wwwor do not see any change in your current position (in case of a market order), please check the Logs tab of Order and [[Order_and_Position_Tracker]] for error messages (e.g.multichartsOrder Breaks Limits).com/img</wiki/tradebar/5.png to select the necessary symbol from your database. div>
[[Category:Manual Trading]]

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