OmniVest Developments
OmniVest News
Trade Processor Update
9 replies, 1383 viewings
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OmniVest Developments
OmniVest News
Trade Processor Update
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Last Activity 2/20/2018 9:38 AM 9 replies, 1383 viewings |
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Barry Cohen Icon     Posts: 1844 Joined: 10/11/2012  User Profile |
We have released an enhancement to the Server version of the Trade Processor. This change applies to the “Delay Opening Orders" Trade Processor setting. The prior behavior of this setting would delay all opening orders and submit them simultaneously at the specified time. The feature was designed to wait for equity from closing orders to become available. The problem with this was that you didn''t know when equity became available, & you might be submitting your open orders several minutes later than when funds were available. The new behavior allows the opening orders to be submitted as soon as equity is freed from the execution of closing orders. It will do so up to the specified time. Ultimately you will see the same executed orders (closing and opening), but with an improved execution time on opening orders when using the Delay Opening Orders feature. Please make sure that your Max Equity setting under Edit>>Trade Settings is less than or equal to your broker account's buying power. For example, a cash account that is dedicated only to OmniVest should be set no higher than 100%. A margin account should be set under 200%. This change is now live on Server Mode Trade Processors only. The next release of the Desktop TP will have this change. | ||
| Jim Dean Elite Posts: 1059 Joined: 10/11/2012 Location: L'ville, GA User Profile |
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| Steve2 Elite Posts: 750 Joined: 10/11/2012 Location: Annapolis, MD User Profile |
Just want to clarify how this works. Assume at market open you have $30K of buying power available. The start of your trading window is one hour before market open and TP submitted one closing order at that time that will free up $20K of equity once it is executed. Delay Opening orders is enabled with a submission time of 10:30 am. There are two outstanding opening orders, each requiring 20K of buying power. When does each opening order get submitted? Steve | ||
| Barry Cohen Icon Posts: 1844 Joined: 10/11/2012 User Profile |
If the above occurence happens & at 10:30am say that closing order still hasn't filled, then the second opening order will stop checking for the equity that it needs & not submit to the broker at all. | ||
| John W Elite Posts: 654 Joined: 10/11/2012 Location: Sydney, NSW, Australia User Profile |
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| Jim Dean Elite Posts: 1059 Joined: 10/11/2012 Location: L'ville, GA User Profile |
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| SteveL Veteran Posts: 189 Joined: 10/11/2012 Location: Boulder, CO User Profile |
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| Steve2 Elite Posts: 750 Joined: 10/11/2012 Location: Annapolis, MD User Profile |
Steve | ||
| Bruce Britt Regular Posts: 81 Joined: 10/11/2012 Location: Louisiana User Profile |
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| JayP Member Posts: 6 Joined: 10/11/2012 Location: pomona, New York User Profile |
As of now, we can set a delay of 0 days on our IRA''s and see what "would have been bought" had the funds been available. We can then go in when our IRA money comes back in, and, if we choose, manually make the purchase (if it still looks OK) and then synch it to our accounts so the "sale" can come off your signals. Problem - How do we now it''s still a "good" signal. This might work very well for the trending strategies but.... |
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