Hi guys, I have been trading ES futures on IB (sim and live) and AMP (sim only). It appears that the fills are not similar. On IB, my order gets filled as soon as the price touches the limit price of the order, where as on AMP, it touches the limit price multiple before it gets filled. Doing IB on TWS (live data) and AMP on CQG with multicharts (sim data) Please let me know. Thank you
Sim could simulate getting filled immediately... as though your order is #1 in the queue. In reality, however, your order will likely be "somewhere down the line" at the price and won't get filled until the orders in front of you get filled. You can't rely upon your order being filled just because the price was touched.... to be assure of a fill, the price must trade through your limit price so that all of the orders at that price were filled.
One thing observed was that the live order in IB was getting filled quicker than the sim order on AMP. Not sure why this is ?
Talk about live trading. You will get different result from - different brokers - different trading platforms eg for TT platform vs say PATS, you fill for TT is almost instantaneous. but you have to pay for using TT do note some tends to have more disconnect problem !
There is no benefit to comparing the algorithm in one paper trading environment to another. There is less value in comparing sim to real.
CQG makes their SIM "smart" - they try to make it as real as possible - tracking the estimated place in queue vs volume, etc.... But once you start trading live, your orders are woking on the exchange and will be filled based on the exchange fill algorithm. SIM is not real. Once live, the live "real" market conditions control all fills.
That's strange. Usually paper trading fills immediately, but here, your live trading is filling and your paper isn't. I suppose AMP is attempting a smart paper trade, and failing. I've always suspected that AMP doesn't always route it's trades through the exchanges. Kind of like a bucket shop. It's just something I suspect, I don't know that's true of course.
Maybe I'm naive about this.... But trading stock indices on the CME... isn't that the "consolidated source" of trade fills... regardless of the broker's access? IOW, fill should the be the same regardless of broker. Client orders are placed and take their place in the CME ES queue... to be filled by their priority of "time of order placement", regardless of broker... ??
So much BS in one post... if you suspect any FCM that they dont route your trades to the exchange (which I have never heard about yet), then it is so very easy to test it by yourself if this is true or not. So easy ! But of course, it is even easier to post some BS accusation against a fine FCM who offers great support for many traders.
You don't have to get so passionate. I clearly said I only suspect they do it sometimes. Do you really think they're making the bank on 500 dollar accounts?