Zen-Fire Broker Profile
If MultiCharts sends a stop order with the price equal to current market price or better (guaranteed to be executed) it will be rejected by the broker. Therefore, MultiCharts converts such stop orders into market orders.
Stop-Limit orders: if at the moment an order is sent its stop level or both stop and limit levels are met, then it will be converted to limit order.
Buy Stop-Limit orders with Stop level higher than Limit level and Sell Stop-Limit orders with Stop level lower than Limit level are rejected by the broker.
Open position Profit/Loss is calculated by ZenFire broker and displayed in MultiCharts.
Unrealized Profit/Loss for the account is calculated by ZenFire broker and displayed in MultiCharts.
ZenFire does not support Native One-Cancels-Others group. In this case MultiCharts emulates OCO group on its end. Simulated OCO-group means that all OCO orders are sent to the broker, price is monitored by MultiCharts and once one of the orders is filled, other orders from this OCO group are cancelled by MultiCharts. When one of the OCO orders is filled, MultiCharts sends a command to cancel the second OCO order to broker. Note that the second order may also be filled if price reaches its level before the cancellation is processed by the broker (see OCO-Orders Risk).
Setting up Zen-Fire Broker Profile
In the Properties Zen-Fire window (see Managing Broker Profiles) enter the information provided by Zen-Fire
- Authority section.
Enter Login and Password
SSL certificates path is configured by default.
- Connectivity section
Make sure that the selected deployment is Zen-Fire
Don’t adjust anything else in this section
The Reset button nearby Deployment is to restore correct settings.
- Сonnection Settings section.
Configure timer to reconnect if connection to Zen-Fire is lost.
- Default Order Settings section.
Click Lookup and wait a bit while MultiCharts receives the iformation from the Broker to specify the Trade Route. After it you will be able to select one of the following Trade Routes: electronic, eurex, globex, ice. In most cases electronic will be selected by default. Please do not change the default setting, if you are not sure that there should be specified something particular.