Signal/Systems Distribution and multi account execution

Discussion in 'Forex' started by Futures_Man, Mar 23, 2006.

  1. Hi Everyone,

    I would like to get your feedback on some ideas I am thinking off.


    I have a trading system (developed in TradeStation) for FX, I am executing it manually and doing very well for the last 2 years
    I trade 3 of the Big 6 pairs, my trading is intraday (though I may carry a position on every once in a while for more then a day.

    Have 2 accounts (one with Gain Capital and another one with GFT) , the reason I use 2 accounts is that I tried to do some comparison between several firm and ended up with these 2 (I am sure that their better ones out there , but also worse J )

    Lately (in the last 6 month) I have been asked by friends and family to manage their money (nothing big, 5 accounts each 60K)

    The problems is that of the accounts are not under one block so what I need to do every time I get a signal from my TS I need to go into 7 accounts (2 mine + 5 I manage) and place the orders manually)

    My system is not hyper active, but you can imagine that even if it shoots out 2 signals a day then going into 7 account located in different FX brokers is not easy nor fast enough (and has much has I try every once in a while I will enter a wrong order- this happens when I get a fast day with many signals)

    What I would like to know from you (your feedback)

    A company called Strategy Runner (

    Which I know from my futures trading, has a solution for futures that allows you to automate your TS systems (they also support excel and other languages like C++, VB, Java which I don’t currently use)

    Beside automation (which I know that there some other solutions out there beside them) they offer multi-broker distribution, this means that you can have your system generate your orders/signals and then execute on multi brokers and accounts (real time)

    I had a chat with one of their head guys , and he told me (this is not officially announced) that they are coming out with an FX version of their platform that will support (to my surprise and good luck Gain, GFT and Currenex)

    I can now (I am testing this as we speak) now have my systems generate the signals from TS and then route the signals directly to Gain and GFT to all of my 7 accounts.

    They Guy in SR told me that if he sees my systems are doing well they will be able to offer my signals to the general public (for me its good since my systems stays in my PC and for the clients it makes since the signals are routed to SR servers located at the Brokers data center)

    I know of some traders that have good systems and this (assuming it works…) can be a good technology for distributing trading systems/signals in real time to multiple clients/brokers (they say that they can distribute manually placed orders/signals also)

    What do you think?

    Is there a possible catch here?

    If you are a signals provider/money manager would you use or think of using this solution?

    I have 7 accounts now,
    but If this works I can get maybe another 100 (my systems is good, not a money making machine, but very profitable)
    Who would just subscribe to the signals that would auto-execute in their account

    Thank you for you help and response
  2. GAZ


    I am a Head Trader of a Fund Manager and Advisory Company in Chile, working doing exactly that you describe, and the easy way is making a Privacy Closed Fund (PCF) with quotes, likes shares, for exchange it to investors for capital, they initial value will be the total amount of capital divide it for total number of quotes, and then you make a weekly balance of the account, in which you put the costs (your fees, reports, e-signal, etc) and P/L of the trading, then you get a Equity of the fund, finally divide it for total quotes, and you will get its new value.
    For doing this way, the key is review the law that regulate the PCF, for example here in Chile the maximum number of investors is 40 for more than that you must qualify for Open Fund, not private, too far dificult and expensive.

    Hope this information will be valuable for you. If you need more, let me know.