Changes

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]]. The orders are submitted to the selected broker through the [[Auto_Trading#Select_Broker_Plug-in|auto trading broker plugin]] implemented in MultiCharts. As opposed to the purely brokerage programs MultiCharts automated has a capability of combining the [[Built-in_Data_Sources|data sources]] that are different from the desired broker during auto trading. This is realized through the [[Symbol_Mapping|Symbol Mapping]] functionality and provides additional possibilities and advantages for traders.Automated trading platform has two primary benefits: convenience and speed. A trader can automate let 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 also allows for sending the orders much quicker compared to manual trading process . The orders are submitted automatically and seamlessly integrate with the following order execution gatewayschances of delay are reduced.MultiCharts offers 2 modes of automated trading: FXCM, Interactive Brokers, Patsystems, Rithmic Trader, Trading Technologies, Synchronous and Zen-FireAsynchronous. The modes are fundamentally different. Here’s the overview of each mode.

Automated The synchronous auto trading has two primary benefits: convenience and speed. The trader can let his strategy trade automatically without having to constantly monitor mode (SA) is the mode in which the trades are only reflected on the strategy and enter chart after the orders himselfhave actually been executed on the broker. Automated SA always starts trading can also send the orders much quicker. Certain strategies require orders to be sent from Flat as quickly as possible without delayif there were no previous historical trading results. With The strategy is not recalculated on the start of auto trading, . When it will be calculated depends on the [[Chart_Resolution|chart resolution]] and the trader does not have to manually type [[Signal_Settings#Intra-Bar_Order_Generation|Intra-Bar Order Generation]] (IOG) setting. If there’s an open position on the order into broker one can tell the gatewaystrategy to continue trading from this position. The trades are submitted automatically and See how to assign the chances of delay are reducedposition [[Auto_Trading#Assign_the_Initial_Market_Position_at_the_Broker_Settings|here]].

In addition to The SA mode should work properly and the auto trading and broker positions should match if the obvious advantages of convenience, automated following aspects are avoided:* [[Trading_from_Multiple_Charts_on_One_Instrument|trading makes possible on one and the execution of highsame instrument/broker account from other charts]];* starting the trading from a non-frequency flat broker position;* trading strategies such as arbitrage, where the acceptable response same instrument in the broker platform at the same time for placing orders is too quick for manual ;* losing the connection to the broker at the moments of order entriesfillings/rejections.

Both, Synchronous and ==Asynchronous auto trading modes are deployed in MultiCharts. These two modes are profoundly different. Select the 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. Mode of Auto Trading (AA)==

<br>[[Category:AutoTrading]]=== Synchronous Mode for Auto Trading === The synchronous asynchronous auto trading mode (SAAA) is a the mode where entry/exit arrows in which the trades are plotted on the chart only after orders have been executed at when the order generation conditions are met with no respect to the real order executions on the broker.  The synchronous In this aspect auto trading mode ensures avoiding discrepancies between in AA is more like backtesting with the market position on only difference: the chart and the market position at orders are actually sent to the broker. The following conditions must be met in order for the synchronous auto AA mode continues trading mode to work properly:  # The same symbol cannot be traded from more than one chart. Trading the same symbol from two or more charts will cause a market current backtesting position conflict between . As with the charts. SA mode it is possible to [[Auto_Trading# The market Assign_the_Initial_Market_Position_at_the_Broker_Settings|assign the starting position at ]] for auto trading, but this cannot guarantee that the [[Why_There_Is_Mismatch_On_Strategy_Positions_Tab|broker must be 0 at and strategy position mismatches]] won’t happen later in the time when course of auto trading is launched. # A trader must One should not trade expect the symbol directly through order execution prices on the broker's platform while trading chart to coincide with the same symbol through MultiCharts platform. # At order execution prices on the moment of connection loss, broker because this mode is not synchronized with the broker did not send notifications about complete order filling or cancellationas is suggested by the mode's name.  <br>=== Asynchronous Mode for Auto Trading ===

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. <br>=== Comparison of Synchronous and Asynchronous Mode ===

!width="2016%"|Mode!width="4042%"|ProPros!width="4042%"|ConCons

|valign="top"|Chart/broker synchronization. Only&nbsp;the orders&nbsp;filled&nbsp;at&nbsp;that were really executed by the&nbsp;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&nbsp;of&nbsp;non&#8209;execution&nbsp;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.

|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 the broker, but they don't guarantee the price at which are executed with no respect to the real order will be executed.|If 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.