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Order Type on the DOM
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Order Type on the DOM

  #1 (permalink)
Los Angeles
Trading Experience: Advanced
Platform: x_trader
Favorite Futures: Stocks
ReaM's Avatar
Posts: 127 since Mar 2011
Thanks: 96 given, 96 received

Order Type on the DOM


How do I change the order type on the DOM? If I click below the price, it's a LMT order, if above, it's a STP order.
That's not good for fast moving markets. With X_trader I had Limit only as a setting so, when I clicked a few ticks above it (if the price jumped while I was clicking) it would just hit the current best price with a LMT order. But now with MultiCharts, it puts a freaking Stop order in there and in a fast moving market that order of course gets hit but the price is a few ticks worse than I would be getting if it were a limit.

And that's not even talking about slippage which I have not yet had. In Sierra Charts I similarly could assign a limit order to the left click, but with MultiCharts the DOM is just doomed, you just can't trade fast markets with it, you lose a few ticks on each trade.

Am I blind or something? I just don't see if there are any settings for the dom? Nothing under preferences. I see I can assign short cuts for it, but that's not good either if the market jumps all of a sudden I am in a trade at a price 10 ticks worse. I want to be able to limit-click on the price I want. It would surprise me if MC didn't have that option at all.

I hope somebody can give me a short answer on that one.

Last edited by ReaM; October 2nd, 2013 at 03:21 AM.
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