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Ernie,
Thank you for good questions. Let us think about it together. I can't state
that we offer ultimate solution, but I can tell you what we have for now at
least. So, please let me explain.
How does one or strategy code get updated with the real
Price? How is the real price inputted to the signal?
Let me show steps we do to describe how our software works. If I'm wrong in
any small detail, please correct me since it is important for us all.
So, this works as follows:
1.. Strategy generates buy/sell signal. We transmit this signal via
documented API to any broker you need. You don't need to write a single code
of line as other software requires.
2.. After order is executed a given price or reduced, we compare this
price with the price on the chart and if this is no the same, we use our
software to force TS re-generate this signal on the price where actual trade
was executed. We don't touch the strategy's logic, but just give fixed price
for entry. I can't guarantee that the price for re-generated signal will be
always the same, because TradeStation can't generate signal with the price
that is low then Open. But it very often the actual entry price and
generated price will be the SAME. It means you will get synchronization
between your account and TradeSation. I think this is what all traders want.
Am I wrong?
3.. We can correct MM stops and trailing stops with real values too. It is
obvious, because this is the same as entries. Again, sometimes the price
maybe little different. But not too different if you don't synchronize your
real and TradeStation accounts.
Please, correct me if I'm wrong somewhere.
happen as they should, like the trade does not get executed,
Yes, we have feed back to control this properly. I've already commented.
or the user manually goes into the account and closes the
position, or the actual connection to the brokerage has gone
down and a trade could not be placed, The strategy logic get
restarted, or the computer goes down and you have to pick
backup where you left off before the crash!!!!
The original post in this thread deals with this very issue.
That is, without the hooks or solution in place for the
above issues, automation will NOT BE COMPLETE. The biggest
problem right know with TS6 automation is that there is no
tie between the strategy and the brokerage account! And
without it you automation process is doomed!
Again, as we want to provide feedback. This was the idea of my post.
On the other
hand there are other products that can be used today to get
us closer to true unattended automation.
Yes, they are pretty useless, because you need to control each step of your
strategy manually anyway.
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