trade station

Discussion in 'Order Execution' started by tpk, Jan 22, 2004.

  1. tpk

    tpk

    anyone use trade station for automatic executions. i would be gratefull for any info.


    thanks
     
  2. Ebo

    Ebo

    What is your question?
     
  3. tpk

    tpk

    is it stable, will it execute at the open of next bar. is it reliable.
     
  4. Ebo

    Ebo

    It does whatever I tell it to do.
     
  5. chessman

    chessman Guest

    I have been using auto execution for futures for almost a year, very stable.

    Depending upon how your strategy is setup, usually mkt orders are executed at the close of current bar.

    Limit orders are the problem, TS will assume that an order was filled if the price touches it, does anyone know if this was resolved in TS 7.2 with the new functions?
     
  6. chessman

    chessman Guest

    Ebo,

    Do you use limit orders, would you know if there is a way around limit orders issue? thanks
     
  7. Ebo

    Ebo

    I use market orders when automated.
    I was missing too many good triggers.
    I would rather pay up an extra tick than miss a good trade.
    When I trigger, I do not put on a huge position, it just opens with 2-5 contracts depending upon my strategy. I can always add manually. You can adjust Easy language to execute on any bar. If you want you can add code if you are not executed on close of a bar to pay up a tick. Good Luck!

    ebo
     
  8. So, TS does never check wether the security was really bought/sold? This would lead to situations where the system wants to sell a stock that it never bought?
    Is this true? :confused:
    Cheers :)
     
  9. Ebo

    Ebo

    Use your head!
     
  10. Ok, thanks for your comment.
    Does TS know if it bought a security or not? Thanks!
    Cheers :)
     
    #10     Jan 23, 2004