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Trade Bar

424 bytes removed, 13:04, 3 August 2021
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 [[Broker Profiles]] and [[Built-in Data Sources]] 
== Selecting Account ==
Select the account number in the Account Selector box http[[File://www.multicharts.com/img/wiki/tradebar/3TB3.png]]
== Selecting Instrument ==
To select the instrument you want to trade with:
* Type in the symbol name into the Instrument Selector field http[[File://www.multicharts.com/img/wiki/tradebar/4TB4.png ]] and press Enter; or:* Click on the Lookup button http[[File://www.multicharts.com/img/wiki/tradebar/5lookup.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>
Set order quantity by one of the following methods:
* Type in order quantity in Order Quantity box http[[File://www.multicharts.com/img/wiki/tradebar/6TB5.png ]] on Trade Bar; or:* Click the Trading Calculator button http[[File://www.multicharts.com/img/wiki/tradebar/7TB6.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 left 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.
== Price Level Selector==
Price Level Selector http[[File://www.multicharts.com/img/wiki/tradebar/8TB7.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.
By default Price Level Selector shows an average price of bid and ask.
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.
http[[File://www.multicharts.com/img/wiki/tradebar/9TB8.png]]
== Setting Time in Force ==
To set time in force of the order, use the Time in Force box on the Trade Bar.
* DAY – Good for one day
* GTC – Good ‘Til -Til-Cancelled* GTD – Good To -Til-Date
* IOC – Immediate or Cancel Order
http[[File://www.multicharts.com/img/wiki/tradebar/10TB9.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 box
Choose the order type in the Order Type box http[[File://www.multicharts.com/img/wiki/tradebar/11TBBB.png. ]]
When the order type is chosen, place an order by pressing the Buy Mkt / LMT / STP / STL http[[File://www.multicharts.com/img/wiki/tradebar/12TB11.png ]] or the Sell Mkt / LMT / STP / STL http[[File://www.multicharts.com/img/wiki/tradebar/13TB12.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]]).
If the market type of order is selected then the market price is chosen by default.
* Choose the price using the Price selector
<div style="background-color: #E3FBE5;">'''Note''': if you do not see the order on the chart/in DOM window and/or do not see any change in your current position (in case of a market order), please check the Logs tab of Order and [[Position TrackerOrder_and_Position_Tracker]] for error messages (e.g. Order Breaks Limits).</div>
[[Category:Manual Trading]]

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