You can find the fees on the home page of www.interactivebrokers.com, under Fees/Other Fees. Scroll down, until you see "Cancel Order Type " (Eurex). But it's piss poor explained in my opinion. The translation is this: for every FILL, you can cancel (mofidy) either your profit objective order or your stop-loss order, a total of five times without penalty. One trade is obviously two fills. So, assuming you don't move your target price, then you can move your stop-loss up to 10 times penalty-free. This comes from Eurex not IB who are just passing the fees along. If you place an order and cancel it, place an order and cancel it ...you are just racking up 50 cent fees ...until such time as you get a fill when you are then given a credit for five order changes. Therefore, I don't actually place a new order until fairly close to the action when I'm more certain that I'll be filled. The whole thing stinks. Once in a while I mess up and see a few 50 cent fees on my statement. But if I just made 375 Euros ($400) in the DAX ...I don't worry too much, especially since IBs commissions are so low. Sometimes, you just have to live with shit! One day, Globex will probably start doing something similar is my guess, especially now the CME is for profit. Pretzel, I know you wrote Bracket-Trader (BT) and it's great. I've since moved on to www.ninjatrader.com because (and this is no dig at BT) it's just better and offers support for the latest API. Folks, use one these programs. I couldn't trade the DAX without it. The DAX moves so fast sometimes that you need a machine to keep up with it. The basic idea is that the very second you are filled, a profit objective order and a stop-loss are fired off immediately (you do nothing). Then the stop-loss can be set to trail the market automatically. When either the stop-loss or profit order is hit, the other order is automatically cancelled. Basically, after you entry your initial entry order, you sit back and let the 'machine' take over. It's cool, and way better (easier) than using IB's own order entry capabilities. PS. How could you have lost the fucking code for BT? Was yer head up yer ass that day?! (Pretzel lost core parts of the code for BT and pretty much stopped development of it thereafter.) Never heard of BACKUP?! PPS. I wanna hear as much as possible about alternative targets, multiple contracts etc. I know there's room for improvement, so you'd better share with me!
I must have missed that IB bulletin. As for losing the code in a crash, that's one thing I want to forget. I'm just doing mini-BT's right now - http://www.elitetrader.com/vb/showthread.php?s=&postid=257206&highlight=frontend#post257206 - this can handle multiple targets and fancy stop adjustments. I'm thinking of a 6, 12, runner target for the DAX. FWIW, I'm doing a new BT from scratch which will include the triple target and a depth of market (DOM) order entry system (will be simulated for the EUREX). pretzel
Just got my $200 for the day from the ES - that was a long 21 minutes wait. Stopped out of the DAX earlier after hitting +6 and turning back. C'est la vie. pretzel
The only "fucking idiot" round here is the scumbag who's proud to announce that he's a sad fucking wanker. As for being in your league..........where's that.........Pondlife down in Shitsville ? Tell you what, put me on your ignore list.I've added you to mine so dont bother to reply.
What sort of timeframe are you looking at for completion? Keep me posted. Person number two publicly rings the cashier's machine! Well done. But, Pretzel I was looking back at your attachment on Page 33 and noticing the red dots. The vast majority of them don't fit my criteria. E.G. The Mov Avg line must be down when selling. I don't enter on outside bars. I don't enter except during the specified hours. And I can't see where any Dax breakout trade was today!! So while I'm glad you made money - be careful.
Just got a nice PM from a guy who made his $200 on Friday. That's 3 that are known to me He correctly pointed out that on my Page 24 method, I have the wrong time period listed. The second time period to trade is of course 14:00 - 16:15 US Eastern, and not 20:00 - 22:15. Sometimes in my attempts to yankify my time zones I make a mistake. How come nobody caught this before now? and most importantly, will anyone admit to being a dozy pillock by trading four hours after pit closure?!
With this system (assuming a long entry) can one bar contain both the lower low and lower high, or do they need to be in two different bars? Thanks.