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I believe this was supposed to have been fixed with the release of version
4 last week. I have not traded (auto-traded) since then and can not verify
the fix.
At 5/18/2002 11:29 AM, Jim Bronke wrote:
>With TS6 there is te option of having Confirmation ON or OFF. A confirmation
>box coming up when your criteria have been met, autoexecution when it is
>not. In any Autoexecution program I feel that the more critical concern is
>on exits. If my program just says Buy it is left up to me to decide whether
>to consult me first before the execution. However, on exits it needs to be
>defined how multiple exits are handled. I have transitioned from using ATR
>exits to using both an ATR exit and a profit target. The TS6 platform does
>fairly well alerting you if your exit criteria are met even with multiple
>exits. Yet there can be hangups. If your profit target order is already
>placed then it has to be cancelled before the stop order will execute.
>Manual intervention is required. I haven't talked to the TS people about
>this issue, but, it needs to be more accurately defined. It is a nice
>feature that Stop orders don't have to be placed. When your Stop price is
>reached it can be executed as long as no other existing orders are in place
>for that security. The feature isn't as well defined as it needs to be for
>limit orders and I need to talk with the TS people about it.
>
>Hope that helps.
>
>
>Jim Bronke
>Phoenix, AZ
>
>
>
>----- Original Message -----
>From: "Volker Knapp" <vk@xxxxxxxxxxxx>
>To: "Mark Brown" <markbrown@xxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
>Sent: Friday, May 17, 2002 9:51 AM
>Subject: AW: Auto Trading
>
>
>: Hello,
>:
>: It is very kind of MB to ask. Please post the answers of MBs questions
>here
>: on the forum or to me directly. We are planning to include ATE into WLD2
>too
>: very soon (as some of you know already). I did not want to bother the TS
>: list with it, but since MB does post this question here, it seems to be
>: "moraly" ok. We also would like to work with a few TS6 users early in our
>: development stage to learn pros and cons of TS6.
>:
>: Best regards.
>:
>: Volker Knapp
>: Wealth-Lab Inc.
>: http://www.wealth-lab.com
>: http://www.wealth-lab.de
>:
>: ++-----Ursprungliche Nachricht-----
>: ++Von: Mark Brown [mailto:markbrown@xxxxxxxxxxxxx]
>: ++Gesendet: Freitag, 17. Mai 2002 17:02
>: ++An: omega-list@xxxxxxxxxx
>: ++Betreff: Auto Trading
>: ++
>: ++
>: ++Hello omega-list,
>: ++
>: ++Using the Pat system for order entry, what would be some pitfalls that
>: ++anyone see's in letting t2k auto trade. Besides data issues, such as
>: ++bad ticks and all that. What would some desired features be and what
>: ++safe guards would you want to see on an auto trade software product.
>: ++
>: ++My thoughts are that you could have a couple of choices. One would be
>: ++to let the system place the trade and then notify you what it has
>: ++done. The other scenario would be to have a pop up box asking if
>: ++indeed you wanted to make the trade. Maybe someone who is using ts6
>: ++can comment on how they do it and what pitfalls ts6 order entry system
>: ++has that needs to be fixed or improved upon.
>: ++
>: ++--
>: ++Best regards,
>: ++ Mark mailto:markbrown@xxxxxxxxxxxxx
>: ++
>:
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