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Russ:
There is an issue that you have not considered.
SECURITY !
With TS, your install the software in client-server mode.
You have to leave various ports open for the software to
work. Your code is in EL. (Secured or not is irrelevant.)
What is there to prevent a rouge employee from installing a
Trojan Horse on your machine?
Nothing!
You have no way of knowing what goes through the SSL
tunneling between your box and the outside world. If your
system trades well, you might just have a few people trading
it without your knowledge.
How is IB or other automatable broker INTERFACE different?
You do NOT need to have your trading system installed on the
same box. You can install the interface the the signal
generator (TS2000i) on separate machines (or separate
Virtual Machines) and send directives to the interface via
HTTPS, RMI, telnet, RPC, or whatever distributed protocol
you wish to use. This alternative is UNBREAKABLE because
you have control over the OUTGOING https, rmi, rpc, etc.
from a trusted host -- your machine behind the firewall.
:-)
(I am assuming, you disabled incomming services to your
trusted machine.)
Given this concern, I would NEVER trade at TS Securities,
even if it were free, the software was fee, the data was
superb, etc. No corporation, however sincere, can guarantee
that they do NOT have any rouge employees. I do trust that
TS Securities is sincere, wants to provide the best possible
trading experience, yet TS Securities cannot guarantee the
security and privacy of my trading due to the integrated
nature of current software.
Regards,
Leslie
Russ Furse wrote:
>
> Omega list,
>
> I have been trading with Interactive Brokers and
> I am thinking about changing to TradeStation
> Securities. I like IB but I am hoping that
> Tradestation Securities will make it much easier
> to automate trades.
>
> I currently use TS2000i and have previously been
> an end of day stock and option trader. I now
> want to trade the Qs intraday and perhaps the e-
> mini. For those of you that have experience
> with TradeStation Securities, I would like to
> ask some questions that may benefit others on
> the list. BTW, I am a long time user of TS up
> through all upgrades to 2000i. Please forgive
> me if these questions have been asked and
> answered before. Here goes.........
>
> 1. What kind of problems will I have with
> converting my current TS2000i EL code to the
> latest TS software?
>
> 2. After I do the code conversion, how long
> should it take me to be up and running? Please
> include the time required for TS to activate my
> account after they get my trading capital.
>
> 3. What characteristics of the new software
> drive you crazy?
>
> 4. What are the major differences between
> TS2000i and the latest software? Which
> differences are better and which are worse?
>
> 5. How does TradeStation handle bad ticks? Do
> they filter data before my code utilizes bad
> ticks? If not, can I write code contained
> within my entry and exit code that will ignore
> signals created by bad ticks? If I can’t modify
> entry/exit code to ignore bad ticks, can I write
> code that will give me a signal separate from my
> entry/exit signals when a tick occurs that is
> higher or lower than what I think it should be?
>
> 6. Have you incurred ANY costs beyond the 1.2
> cents per share (first 500 shares) and $100 per
> month for software fees? What were they?
>
> 7. Is there any issue, not asked above, that
> would have kept you from using the latest TS
> software or brokerage services if you had know
> it before you had converted?
>
> Thanks!!!!!!!!!!!!!
>
> Russ
--
Regards,
Leslie Walko
610-688-2442
--
"Life is a tragedy for those who feel, a comedy for those
who think"
Horace Walpole, 4th earl of Orford, in a letter dated about
1770
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