On Fri, Jun 5, 2009 at 1:32 PM, Leading Edge Systems
<rdcpa@xxxxxxxxxxxxx> wrote:
Thanks for the suggestions and yes, I have one of these accounts and
you are saying that this could be automated using AB issuing trade
signals into the advisor account?
As far as I know there is no difference in trading an advisor account and a normal account. Advisor account is nothing but a behind the scenes allocation of executed trade & profit/loss to given accounts in the prescribed manner and a single point management. The management or allocation of the profit, loss or margin is going to come in picture AFTER a trade is executed, except perhaps Margin. If an order type is available on the execution engine, it would be executing for an account, not knowing if the account is retail, advisor or institutional. Having some software background, I would not believe that they could be this.....well I have no other word if this is true.....Stupid!
I actually stopped using my advisor account due to issues with the TWS
platform when using limit orders.
Can you please tell me what this problem was? And did you talk to support about it? What did they say?
Now I just have my true advisor
accounts on this platform but pulled my own personal trading accounts
out and only use market orders for the multi-account advisor platform.
Very Very Strange...and if true IB automation would never work with large institutional clients, which at least here in India are their main marketing focus.
I want to autotrade two other accounts that I don't want to move into
an advisor platform. So I am guessing that I need a computer and a copy
of AB for each account?
Rich, just imagine the management. If some negative event occours and you want to cancel all strategies, it will be at least 20-30 seconds or maybe more, shifting from one puter to another. Then syncronizing your strategies, charting setups/habits and software upgrades ;-(
I think you should seriously talk to IB about it and if the problem is already there, start looking for an alternative broker. In the longer run, it will be less onerous.
Sanjay.