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tradermike

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Posts: 116

Joined: 12/21/2004
Location: Folsom

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Subject : RE: AutoTrade ATM - Issue about EXIT Orders
Posted : 3/8/2018 10:12 AM
Post #44203 - In reply to #44198

My 2 cents:

You definitely will benefit from taking the time to gain confidence in the functionality of Integrated Brokerage (and TradePlans), prior to turning your whole account loose with automation.

And as you make the transition from paper to live testing, you might consider limiting all trades to 1 share…and then scrutinizing the logs to verify everything is operating as you expect. (For example, a stare and compare of your brokerage log vs your OT log – on a daily basis for a while.) During this phase, it’s not about maximizing ATM or growing your account. But rather, gaining confidence that all the tools and broker integration are working out nicely.

Once you have confidence in the automation, only then does it even begin to make sense to crank up position size, leverage, etc.

I will share that I have successfully used Integrated Brokerage quite a bit - OT & VisualTrader to Interactive Brokers / GX Trader, and using Trade Plans. (That said, all of my experience there has been with Real-Time…so not sure of any EOD nuances.) As jpb said, once you’re in a trade, it’s all about the TradePlan.

Regards


[Edited by tradermike on 3/8/2018 10:19 AM]

Deleting message 44203 : RE: AutoTrade ATM - Issue about EXIT Orders


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