After developing Once a strategyfor automated trading is [[Using_Studies_(PowerLanguage_Editor)#Creating_Signals|developed]], [[Understanding_Backtesting|backtested]] and [[Performing_Optimization|optimized]], the next step is to have the strategy it actually send the ordersto the [[Broker_Profiles_Overview|broker]]. MultiCharts automated trading platform can automate The orders are submitted to the trading process and seamlessly integrate with selected broker through the following order execution gateways: FXCM, Interactive Brokers, Patsystems, Rithmic Trader, Trading Technologies, and Zen[[Auto_Trading#Select_Broker_Plug-Firein|auto trading broker plugin]] implemented in MultiCharts.<br>Implementing automated trade execution involves using a program that serves as the order execution gateway on the computer and configuring As opposed to the link between purely brokerage programs MultiCharts and has a capability of combining the gateway program. Orders, generated by a trading strategy in MultiCharts, [[Built-in_Data_Sources|data sources]] that are passed to different from the gateway program for executiondesired broker during auto trading. The gateway program This is also often used to provide realized through the data feed [[Symbol_Mapping|Symbol Mapping]] functionality and provides additional possibilities and advantages for MultiCharts, although it is possible and sometimes advantageous to use a different data sourcetraders. <br>Automated trading has two primary benefits: convenience and speed. The A trader can let his the strategy trade automatically without having to constantly monitor the strategy and enter the orders himself(though we don’t recommend leaving the strategy unattended at all!). Automated trading can also send allows for sending the orders much quicker. Certain strategies require orders compared to be sent as quickly as possible without delay. With auto manual trading, the trader does not have to manually type the order into the gateway. The trades orders are submitted automatically and the chances of delay are reduced. <br>In addition to the obvious advantages MultiCharts offers 2 modes of convenience, automated trading makes possible the execution of high-frequency trading strategies such as arbitrage, where the acceptable response time for placing orders is too quick for manual order entries.<br>Both, : Synchronous and Asynchronous auto trading modes are deployed in MultiCharts. These two The modes are profoundly fundamentally different. Select Here’s the overview of each mode that better suits the strategy on the chart. Synchronous mode makes it possible to show a position on the chart that matches the actual filled position. However there is no guarantee that the order will get filled. When using the Asynchronous mode, every order generated on the chart is filled, although the actual execution time and price can be different from the time and price shown on the chart. <br><br>'''==Synchronous Mode for of Auto Trading'''(SA)== <br>The synchronous auto trading mode (SA) is a the mode where entry/exit arrows in which the trades are plotted only reflected on the chart only after the orders have actually been executed at on the broker. <br>SA always starts trading from Flat as if there were no previous historical trading results. The synchronous strategy is not recalculated on the start of auto trading mode ensures avoiding discrepancies between the market position . When it will be calculated depends on the [[Chart_Resolution|chart resolution]] and the market [[Signal_Settings#Intra-Bar_Order_Generation|Intra-Bar Order Generation]] (IOG) setting. If there’s an open position at on the broker. The following conditions must be met in order for one can tell the synchronous auto strategy to continue trading mode from this position. See how to work properly: assign the position [[Auto_Trading#Assign_the_Initial_Market_Position_at_the_Broker_Settings|here]].
# The same symbol cannot be traded from more than SA mode should work properly and the auto trading and broker positions should match if the following aspects are avoided:* [[Trading_from_Multiple_Charts_on_One_Instrument|trading on one chart. Trading and the same symbol instrument/broker account from two or more other charts will cause ]];* starting the trading from a market non-flat broker position conflict between the charts. ;# The market position at the broker must be 0 at the time when auto * trading is launched. # A trader must not trade the symbol directly through same instrument in the broker's platform while trading at the same symbol through MultiCharts platform. time;# At * losing the moment of connection loss, to the broker did not send notifications about complete at the moments of order filling or cancellationfillings/rejections.
'''==Asynchronous Mode for of Auto Trading'''(AA)==
The asynchronous auto trading mode (AA) is the mode where entry/exit arrows in which the trades are plotted on the chart when the price value meets order generation conditions are met with no respect to the real order executions on the broker. In this aspect auto trading in AA is more like backtesting with the only difference: the orders are actually sent to the broker. The AA mode continues trading from the current backtesting position. As with the SA mode it is possible to [[Auto_Trading#Assign_the_Initial_Market_Position_at_the_Broker_Settings|assign the starting position]] for auto trading, but this cannot guarantee that the [[Why_There_Is_Mismatch_On_Strategy_Positions_Tab|broker and strategy conditionsposition mismatches]] won’t happen later in the course of auto trading. One should not expect the order execution prices on the chart to coincide with the order execution prices on the broker because this mode is not synchronized with the broker as is suggested by the mode's name.
However, order execution by the broker is not guaranteed if the conversion of unexecuted limit/stop entry orders is disabled. It may cause a market position conflict between the chart and the broker.
Enabling order conversion guarantees that an order will be filled at the broker, although the executed order price value could be different from the order price plotted on the chart.
'''== Comparison of Synchronous and Asynchronous Mode'''==
{| class="wikitable" width="5075%"!width="3016%"|Mode!width="3542%"|ProPros!width="3542%"|ConCons
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|align="center"|'''Synchronous'''|valign="top"|Chart/broker synchronization. Only the orders filled at that were really executed by the broker will be are displayed on the chart . The prices of the trades coincide with the exact same price value as at prices in the brokerOrder and Position Tracker.Possibility of non‑execution of entry orders at the broker such as Limit or Stop as a result of not meeting theoretical conditions set on |valign="top"|Backtesting results are wiped out from the chart.
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|align="center"|'''Asynchronous'''An ability |valign="top"|Allows for viewing the backtesting results. Provides access to convert entry orders such as Limit or Stop to Market orders if the defined price mark was not met within indicated amount historical trades info with the help of timePosTrade keywords. Market orders ensure that the order will be filled at |valign="top"|Not synchronized with the broker and market position will stay the same . Orders on the chart and are executed with no respect to the broker, but they don't guarantee the price at which the order will be executed.If real order converting is disabled, then orders that will be generated execution on the chart may never be filled at the broker. Thus, the actual position at the broker may not so this mode can be the same as the position shown on the chartmisleading.
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[[Category:AutoTrading]]