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Emulate limit order locally


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  #1 (permalink)
 fxpipmeister 
Los Angleles, CA
 
Experience: Intermediate
Platform: Multicharts
Trading: Forex
Posts: 7 since Nov 2011
Thanks Given: 18
Thanks Received: 2

Can anyone tell me if it is possible to emulate a limit order locally in multicharts?
I prefer that the broker can't see my take profit orders.

Thanks,
Kevin


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  #2 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,448 since Apr 2013
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fxpipmeister,

MC 10 only offers emulation of stop and stop limit orders.
https://www.multicharts.com/trading-software/index.php/Auto_Trading#Emulate_Stop_orders_locally

Depending on what you mean by emulating you could try two things:
- rewrite your code to use stop limit orders for your targets and have MC emulate them
- monitor target levels with your code and send a limit order (a market order) when the target level is met

Regards,

ABCTG


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  #3 (permalink)
 fxpipmeister 
Los Angleles, CA
 
Experience: Intermediate
Platform: Multicharts
Trading: Forex
Posts: 7 since Nov 2011
Thanks Given: 18
Thanks Received: 2


Thanks ABCTG for the quick reply.

I cant figure out why multicharts would emulate a stop order, and a stoplimit order, but not a limit order,

It just doesn't make sense to me!


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  #4 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,448 since Apr 2013
Thanks Given: 494
Thanks Received: 1,643

fxpipmeister,

you are welcome. I don't know why they chose to do that, but you could ask in the official forum and/or leave a feature request for that.

Regards,

ABCTG


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Last Updated on January 13, 2017


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