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Hello list,
I have some experiences with TS6 autotrading that I want to share with
the list. There are problems with automation that make it
very difficult to use. I have reported them to TS and I assume that they are
working on them . All I have gotten back is "we're
looking at it" or "wow, I wouldn't use it like that".
1) Whenever the strategy is automatically refreshed because of TS
Server, internet or other disruptions, the strategy looses its state
and may go out of sync with your brokerage account. The strategy must
be coded in a manner to absorb this condition. The only solution
which I have implemented, requires that you stay very close to the
computer as it requires manual input. I also make use of Bob Scotts
alarm program.
They do not consider a bug at this time. Their answer
to this is to must find why the strategy is resetting. So currently
they find it easy to blame the internet for this condition and put off the
problem as something beyond their control. Funny part is my other data feeds
don't a hicup, just TS6.
I also have enabled a Bob Scott's program that listens and alerts me with a
siren sound whenever the strategy gets into a condition where data stops coming in.
Problem 2, deals with the simple fact that a limit/stop order may or
may not be be executed while the strategy thinks otherwise!!!!! A major
problem since they have little or no logic in place to relate the state of the
brokerage account to the EasyLanguage strategy code.
This problem can be avoided if I go to a market order, but then I have
to absorb an immediate large slippage!! It is very difficult to make
any money this way. When you deal with >1000 share
trades, the orders are sent to a human, and greed sets in.
I have seen them make up a new bid/ask price depending on my direction.
They will fill me and only me on that price. These trades sticks out
like a sore thumb on a tick chart!!!! Many of these trade deviations
we see on tick charts are the specialists making up new prices for these
market orders! No one can convince me otherwise, I have seen it happen
to many times.
--
Best regards,
Ernie mailto:ebonugli@xxxxxxxx
PS-I need workarounds if someone has them. Thanks.
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