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Why do you think auto-execution is going to help you?
Thursday, April 10, 2003, 5:19:06 PM, you wrote:
JG> Check out a program called TradeBolt for an alternative for TS
JG> auto-execution. I use it and it works with multi systems on the same symbol
JG> and handles all symbols including continuous contracts like @SP. But you
JG> won't be able to trade thru the TS brokerage, it only works with Interactive
JG> Brokers for $2.40 per side (ES, NQ). So you save a $1 RT from TS.
JG> ----- Original Message -----
JG> From: "Bill M" <verobill@xxxxxxxxxxxxx>
JG> To: "Omega List" <omega-list@xxxxxxxxxx>
JG> Sent: Thursday, April 10, 2003 11:42 AM
JG> 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
JG> 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
JG> pit
>> session, since that's what you tested on.
>>
>> However, if you "lookup" in the order module, all you see is esm03.E...
JG> 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
JG> other
>> symbol in reality."
>>
>> I ask the auto-trade guru and he says, "Charts must be built on esm03
JG> 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,
JG> 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
JG> 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
JG> 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
JG> not
>> allow you to open an automated strategy that's short if you already have
JG> 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
JG> 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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