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Check out a program called TradeBolt for an alternative for TS
auto-execution. I use it and it works with multi systems on the same symbol
and handles all symbols including continuous contracts like @SP. But you
won't be able to trade thru the TS brokerage, it only works with Interactive
Brokers for $2.40 per side (ES, NQ). So you save a $1 RT from TS.
----- Original Message -----
From: "Bill M" <verobill@xxxxxxxxxxxxx>
To: "Omega List" <omega-list@xxxxxxxxxx>
Sent: Thursday, April 10, 2003 11:42 AM
Subject: TS7 automated futues entry
> This is a "heads up" for traders using TS 7 and looking to TS for answers.
>
> I've was given 100% incorrect information on auto-execution from the
fellow
> who's the TS "automation specialist".
>
> Example. If you backtest on @es.d and create a system, you can't have an
> @es.d chart up to trade the system since that's a symthetic contract.
>
> But you will need to have the auto-trade system running on some kind of
pit
> session, since that's what you tested on.
>
> However, if you "lookup" in the order module, all you see is esm03.E...
the
> 24-hour. You think, let's try esm03.d. But the MANUAL order module won't
> recognize .D as a valid symbol.
>
> I ask the trade desk and they say, symbol must be esm03, "There is no
other
> symbol in reality."
>
> I ask the auto-trade guru and he says, "Charts must be built on esm03
only."
>
> But then my systems won't run as designed...
>
> Then I notice that the my systems, now running on charts with esm03.D data
> are working just fine !
>
> They're showing orders in the TradeManager as placed on the plain vanilla
> esm03 contract. Somewhere between signal generation and order placement,
TS
> is changing the chart symbol to the valid contract...
>
> but the TS guru didn't know it.
>
> (If you look on the TS7 automated forum you see many hours being wasted by
> traders trying to work around putting "ALL systems for one symbol on one
> chart." Hours of very creative programming. Done because the TS guru
said
> it had to be done that way... not so.)
>
> If you're thinking about automating, there is something to note. You can
> not have open on your system, for any one symbol, automated trades that
are
> short at the same time that you have systems automated that are long. Has
> nothing to do with being in the market long or short. The program will
not
> allow you to open an automated strategy that's short if you already have
one
> open and running that's long.
>
> "Open a second futures trading account if you want to trade in both
> directions," is what TS says.
>
> If you've got swing trades and scalp trades automated, you might want to
be
> able to run both long and short at the same time, so the answer *is* a
> second account - or being only long in the ES and only short in the NQ or
> DOW...
>
> Best,
>
> Bill M
> Vero Beach FL
>
>
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