1. How To Place A Trade Using MultiCharts Trading Software: Introduction
  2. How To Place A Trade Using MultiCharts Trading Software: Trade Bar
  3. How To Place A Trade Using MultiCharts Trading Software: Chart Trading
  4. How To Place A Trade Using MultiCharts Trading Software: Modifying Orders
  5. How To Place A Trade Using MultiCharts Trading Software: Depth Of Market
  6. How To Place A Trade Using MultiCharts Trading Software: Conclusion

MultiCharts' Depth-of-Market (DOM) window, shown in Figure 8, displays market depth, profit and loss, current positions and pending orders (certain brokers, including Dukascopy and FXCM, do not support DOM data, and therefore cannot be used with DOM trading). MultiCharts' DOM displays up to 10 levels of market depth depending on the market depth provided by the user's brokerage firm. To open a new DOM window:

  • Click the New DOM Window icon on the Main toolbar,

  • Select File in the main menu > New > DOM Window or

  • Press CTRL + Alt + Insert on the keyboard.
Figure 8: The MultiCharts Depth-of-Market interface.
Source: www.multicharts.com


As with the other order-entry interfaces, traders will need to first make selections for Account, Symbol, Quantity, Price and Time in Force.

Using DOM to Place Market and Limit Orders
To place a market order, use the "Buy Mkt" and "Sell Mkt" buttons that appear under the price ladder, as shown in Figure 9.

Figure 9: Use the "Buy Mkt" and "Sell Mkt" buttons under the price ladder to enter market orders.


To place a limit order:

  • Click on the price ladder at the appropriate price in the Bid Size column for buy orders or in the Ask Size column for sell orders, or

  • Drag-and-drop the limit order icon to the appropriate price level in the Bid Size column for buy orders or in the Ask Size column for sell orders (see Figure 10) or
Figure 10: Drag-and-drop the limit order icon to place a limit order in the price ladder.
Source: www.multicharts.com


  • Hold the CTRL (or Shift) key on the keyboard and click "Buy Bid," "Buy Ask," "Sell Bid" or "Sell Ask" buttons.
Note: When the CTRL key is held, the "Buy Mkt" and "Sell Mkt" buttons will become "Buy Bid" and "Sell Bid" buttons, respectively. When the Shift key is held, the "Buy Mkt" and "Sell Mkt" buttons become the "Buy Ask" and "Sell Ask" buttons.

Using DOM to Place Stop Orders and Stop Limit Orders
To place a Stop order:

  • Click on the price ladder at the appropriate price in the Bid Size column for buy orders or in the Ask Size column for sell orders, or

  • Drag-and-drop the Stop Order icon to the appropriate price level in the Bid Size column for buy orders or in the Ask Size column for sell orders.
To place a Stop-Limit order:

  • While holding the CTRL + Shift buttons on the keyboard, click on the price ladder at the appropriate price in the Bid Size column for buy orders or in the Ask Size column for sell orders, or

  • Drag-and-drop the Stop-Limit icon to the appropriate price level in the Bid Size column for buy orders or in the Ask Size column for sell orders.
SEE: The Basics Of The Bid-Ask Spread

Modifying Orders
Traders can modify the price level and change the quantity of an active order that has not yet been filled. To modify an order price, drag-and-drop the order marker on the price ladder to the desired price level, shown in Figure 11. To cancel the price adjustment, press the Esc button on the keyboard before releasing the mouse button. To change the quantity of the order, click on the order marker on the price ladder and select "Modify Quantity," or click on the volume value on the order marker and modify the quantity in the Trading Calculator.

Figure 11: To modify an order in DOM, drag-and-drop the order marker to the desired price level.
Source: www.multicharts.com


Canceling Orders
To cancel an order within DOM:

  • Click on the "X" button on the order/strategy marker on the price ladder,

  • Right-click the order to see the shortcut menu and select "Cancel Order,"

  • To cancel all Buy orders, click on the "X" button to the left of the "Buy Mkt" button or

  • To cancel all Sell orders, click on the "X" button to the right of the "Sell Mkt" button.
Closing Orders
To close an order within DOM:

  • Click the "Close" button located under the price ladder;

  • Click on the "X" on the order/strategy marker or
Right-click on the Average Entry Price that is highlighted in white to view the shortcut menu, and select "Close Position." How To Place A Trade Using MultiCharts Trading Software: Conclusion

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