Hey Fast.., Don't you use another quote service besides you broker? I use esignal and keep working on my method in my 3rd party charting program. If IB goes down, any stops I have on the ES are stop/limit (far away limit) so they are on the Globex computer not IB. Then I can see the market on my esignal feed without worry. If IB doesn't come back for a while I can just phone in a liquidation and cancel on the stop/limit if need be.
Yes, I use eSignal for charting. But problem is, with IB I was never able to get anyone on the phone quickly. With Open E Cry, my broker answers the phone on the 2nd ring. If that fails, I can call the clearing company (Rand Financial), which has a 24-hr trading desk and have them liquidate my position. -Fast
LOL! Fast, you're much more of a PRO than me. You have the coolest setup, the coolest monitor, UPS everywhere and everything... WOW! I'm still trading with a couple of crooks of monitors, a 15" LCD and an old 19" Diamontron... Been thinking of getting good stuff, but just can't be f*cked... I'm fine with my setup! It's kind of a nostalgia thing. That said though, I DO have a pretty nice office...
Yep... That's basically the same thing I just explained to Fast. Only that Globex doesn't take native stop-markets, while DAX does. But who cares, the principle is the same - and the safest you can get.
On another note, today is getting me PO'd. I'm concentrating on a trend following system that has shown a lot of promise overall and am off 1.5 ES points today. But if I had decided to rely on my swing method I would have had several very good trades today. Look at the buy/sell signals where the bb is on this chart.