Broker Profiles Overview
Understanding Broker Profiles
Broker Profile is a set of connection parameters that is used to configure the connection to any of supported brokers.
Unlike a simple broker connection, Broker Profiles is a convenient way to configure the connection to different brokers and accounts.
It is possible to create multiple profiles for the same broker, in case several accounts are going to be used.
It is important to understand that in MultiCharts data feed and broker connections are separate types of connection.
Connection to data provider needs to be set up in QuoteManager, while the broker connection should be configured in MultiCharts itself.
All information about broker plug-in configuration is stored in a corresponding Broker Profile.
If the instrument on the chart is provided by a data vendor that is not a broker, then the default plug-in for automated trading will be the same as the first existing Broker Profile on the Trade Bar.
Managing Broker Profiles
By default one can see 4 Broker Profiles after the installation of MultiCharts: Interactive Brokers, OANDA, Rithmic 01 and Saxo Group.
To manage Broker Profiles:
- In the main menu select File.
- Point to Broker Profiles.
- Click Manage Broker Profiles
To add new Broker Profile, click New on the right side of the Broker Profiles window and select a broker from the list.
To activate or deactivate a Broker Profile, select the profile and click the Activate or Deactivate buttons on the right side of the Broker Profiles window.
To connect or disconnect a Broker Profile, select the profile and click the Connect or Disconnect buttons on the right side of the Broker Profiles window.
To remove one of the existing Broker Profiles, select the profile and click the Remove button on the right side of the Broker Profiles window.
To edit a Broker Profile, select the profile and click the Edit button on the right side of the Broker Profiles window. Properties <Broker Profile name> window will open.
Broker Profile settings can also be configured by right-clicking the Broker Profile tab on Trade Bar (see Trade Bar), and clicking Edit Broker Profile.
To rename a Broker Profile, select the profile and click the Rename button on the right side of the Broker Profiles window.
Connecting/Disconnecting Broker Profiles
Using the Main Menu
- In the main menu select File.
- Point to Broker Profiles.
- Click Connect <Broker Profile Name>.
Using Manage Broker Profiles Option
- In the main menu select File.
- Point to Broker Profiles.
- Click Manage Broker Profiles.
- Select the Broker Profile and click Connect/Disconnect.
Using Trade Bar
- Right-click Broker Profile tab on Trade Bar (see Trade Bar),
- Click Connect/Disconnect Broker Profile.
Using Chart Trading Panel
- Click the arrow on the Broker Connection button
- Select a broker in drop-down menu.
- Click the Broker Connection button to connect or disconnect Broker Profile.
In the DOM Window
- Click the arrow on the Broker Connection button.
- Select a broker in drop-down menu.
- Click the Broker Connection button to connect or disconnect Broker Profile.
Broker Connection indicator can be colored red, yellow or green depending on the connection status.
Red means “disconnected”.
Yellow means “establishing connection”.
Green means that the profile is connected.
Using Auto Trading Execution Button
Click the SA/AA button / in the left top corner of the chart to connect the Broker Profile corresponding to auto trading plug-in that is selected for the chart start and auto trading.
Sound Alerts
Enable/disable sound alerts on Broker Profile connection, order generation and execution by one of the following methods:
- Select File in the main menu, click Preferences, select the Trading tab and check/uncheck the Sound Alerts check box.
- Right-click on the Chart Trading panel and click Sound Alerts.
Troubleshooting
The log of establishing connection to a broker and connection issues can be viewed on the Logs tab of Order and Position Tracker window. If there are error lines in red that came from your broker, make all necessary settings corrections according to the indicated reason or contact your broker.