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Duke,
Thanks for the info. Since all of my trading is done in IRAs, it
doesn't appear I can beat the 3 day settlement period.
Since CyberTrader and IB offer roughly the same commissions
(Cybertrader = .006/share for first 2000 shares, .003 after that; IB =
.005/share plus .003/share for API trading), I doubt if I'll go
through the hassle of changing brokers.
Maybe I should but, frankly, I've never considered using AB for
trading. I use it for end of day analysis and backtesting for trading
system development.
Cybertrader also offers a feature I've become pretty dependent on --
server held alerts. Means I can sell (with trailing stops) when I want
without having to worry about being logged into my computer.
Dan
--- In amibroker@xxxxxxxxxxxxxxx, "Duke Jones, CMT" <Lists@xxxx> wrote:
>
> Daniel, all institutions are required to follow "Reg T." Settlement is
> dependant upon the type of instrument traded. If you have a margin
> account then most times you don't have to worry about settlement
> issues. However, if you have a cash or retirement account settlement
> will become an issue (for an actively traded account) and thus might be
> a good idea to factor into a trading system.
>
> Here is a discussion with other links on the subject.
>
http://www.federalreserve.gov/boarddocs/legalint/MarginRequirements/2003/20030512/
>
> I have accounts at IB, Fido as well as Merrill. The advantage of IB is
> fees and markets. The advantage of ML is larger position list for
> shorts. All however clear in the same time frame.
>
>
> Regards,
>
> Duke Jones, CMT
>
> danielwardadams wrote:
>
> >How much difference is there in settlement periods? I'm currently
> >using CyberTrader (owned by Schwab).
> >
> >Dan
> >
> >--- In amibroker@xxxxxxxxxxxxxxx, eric paradis
> ><thechemistrybetweenus@xxxx> wrote:
> >
> >
> >>If you want to trade a system using amibroker, my
> >>advice would be switch to a broker like IB, to avoid
> >>settlement delays, and to avoid burning through your
> >>account paying high fees. Usually its only the
> >>high-priced bank style brokerages that have 3 day
> >>settlements.
> >>
> >>thanks
> >>
> >>Eric
> >>
> >>--- danielwardadams <danielwardadams@xxxx> wrote:
> >>
> >>
> >>
> >>>Is there any way to factor Settlement Periods into
> >>>Backtests? I
> >>>typically buy near the Open but if I sell one day,
> >>>my backtests show
> >>>me being able to buy at the Open the next day. In
> >>>reality, I have to
> >>>wait for the three business day settlement period
> >>>before I can buy
> >>>again. I'm certain there are ways to keep track of
> >>>the three day
> >>>period in my AFL and prevent new purchases but it
> >>>seems this should be
> >>>a backtester setting.
> >>>
> >>>Thanks for any help.
> >>>
> >>>Note: I just found the 4320 minute "Periodicity"
> >>>variable in the
> >>>Backtest settings. Is this what I'm asking for
> >>>(since it just happens
> >>>to be three days)? If so, is there any way to set it
> >>>programatically?
> >>>
> >>>Dan
> >>>
> >>>
> >>>
> >>>
> >>>
> >>>
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> >>
> >>
> >>
> >
> >
> >
> >
> >
> >
> >
> >Please note that this group is for discussion between users only.
> >
> >To get support from AmiBroker please send an e-mail directly to
> >SUPPORT {at} amibroker.com
> >
> >For other support material please check also:
> >http://www.amibroker.com/support.html
> >
> >
> >Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
>
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