Collective2 - Any experience with this as a signal provider?

Discussion in 'Prop Firms' started by Laissez Faire, Jul 16, 2021.

  1. Pekelo

    Pekelo

    Your strategy is obviously not a fit for C2, so I am not sure what you are doing in this thread or what's your point...
     
    #21     Jul 17, 2021
    Bad_Badness likes this.
  2. Bad_Badness

    Bad_Badness

    Sorry for the confusion. You are correct. There are 3 types of executed orders and reported:

    1) Your Live account
    2) Your Live Subscribers accounts
    3) You Sim C2 account.

    Theoretically all three should be the same fills within a tick or two and nearly all at the same time within a second or two.

    But what happens when they are not? The Syncc engine kicks in and tries to get them all in the same Long or Short position. This is all good and Matt et al has done a good job given the task at hand.

    I had a fast market trade* a few days ago as an example. Went short, and 1 second later someone dumped 4.5K contracts. My target was hit 2.5 points down and I was out. A 2 second trade.

    Here is what would-could have happened in C2.

    My IB executes just fine
    Subscriber 1 fills open.
    Subscriber 2 does not fill to open. (or fills late)
    C2 goes to close-go flat
    Subscriber 1 fills to close
    Subscriber 2 fills to OPEN a Long.
    C2 10-30 seconds later see Subscriber 2 should be Flat, and closes.

    Meanwhile in that time I have placed another trade. Chaos ensues. I just wanted to trade not manage this mess. Basically, every possible combination of out of synnc can happen. And you cannot tell because the reporting is delayed. FYI I placed about 150 trades Live with subscribers. Error rate over 4 days was 3, 4, 9, 2. The last day the 2 were really bad and I was getting "auto whip sawed" by C2 in the subscriber accounts.

    Some strategies will work, some will not. And you have to test it LIVE with subscriber accounts.

    PS: I tried using the C2 interface, limited as it is, and could not find a solution to the above.
    * If you know ES, you also know this happens 6-10 time a day.
     
    Last edited: Jul 17, 2021
    #22     Jul 17, 2021
    Laissez Faire likes this.
  3. Bad_Badness

    Bad_Badness

    LF,
    There are other system that bundle all the order of the traders and the subscribers account together. This way what ever is filled the results are shared. It was a large financial commitment to use their system, something like 5K a month. I was not ready for that commitment just to help some friends out.
     
    #23     Jul 17, 2021
    Laissez Faire likes this.
  4. Thank you for that detailed and informative reply, Bad_Badness.

    I understand.

    If my main interest is a track record and tracking performance - can I filter based on my own live account only?
     
    #24     Jul 17, 2021
  5. trade2020

    trade2020

    Collective2 is a good idea but unfortunately it is executed badly. It is pretty restricted in the types of orders you can use on futures as well as options and executions can be be sluggish at times which if you are in a slow market it not so much a problem but in a volatile market can be very much a problem


     
    #25     Jul 18, 2021
    Laissez Faire likes this.
  6. wmwmw

    wmwmw

    #26     Jul 20, 2021
  7. traderjo

    traderjo

    #27     Jul 20, 2021
  8. wmwmw

    wmwmw

    What is "Comms"?
    If you meant commissions, then I trade MES, for $1 /contract round turn.
     
    #28     Jul 21, 2021
  9. traderjo

    traderjo

    yes commissions , are they $1 + exchange fees if trading with C2?
     
    #29     Jul 21, 2021
  10. wmwmw

    wmwmw

    $1 everything included.
    This is what is shown in my strategy trade records.
     
    #30     Jul 21, 2021