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Russ,
You should call TradeStation and request access to "TradeStation World",
this is their customer support website. You can review the discussions
between customers and the company regarding every question you posed below
and many more.
In particular to me, all of the account management functions that were
present in TS2000i are missing from TS6. Your strategies will not have any
knowledge of account equity or your current real position in the market.
You will not be able to determine the outcome of a limit order, or the entry
price of a market order. Many customers are quite upset over these
omissions, and TradeStation is now working on what might be called "TS7".
Presumably, TS7 will be closer to IB's current account management
capabilities, but I don't believe they have announced a date for the
software's release.
Andy
----- Original Message -----
From: "Russ Furse" <rfurse@xxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Monday, December 02, 2002 12:38 PM
Subject: TradeStation Securities
> Omega list,
>
> I have been trading with Interactive Brokers and
> I am thinking about changing to TradeStation
> Securities. I like IB but I am hoping that
> Tradestation Securities will make it much easier
> to automate trades.
>
> I currently use TS2000i and have previously been
> an end of day stock and option trader. I now
> want to trade the Qs intraday and perhaps the e-
> mini. For those of you that have experience
> with TradeStation Securities, I would like to
> ask some questions that may benefit others on
> the list. BTW, I am a long time user of TS up
> through all upgrades to 2000i. Please forgive
> me if these questions have been asked and
> answered before. Here goes.........
>
> 1. What kind of problems will I have with
> converting my current TS2000i EL code to the
> latest TS software?
>
> 2. After I do the code conversion, how long
> should it take me to be up and running? Please
> include the time required for TS to activate my
> account after they get my trading capital.
>
> 3. What characteristics of the new software
> drive you crazy?
>
> 4. What are the major differences between
> TS2000i and the latest software? Which
> differences are better and which are worse?
>
> 5. How does TradeStation handle bad ticks? Do
> they filter data before my code utilizes bad
> ticks? If not, can I write code contained
> within my entry and exit code that will ignore
> signals created by bad ticks? If I cant modify
> entry/exit code to ignore bad ticks, can I write
> code that will give me a signal separate from my
> entry/exit signals when a tick occurs that is
> higher or lower than what I think it should be?
>
> 6. Have you incurred ANY costs beyond the 1.2
> cents per share (first 500 shares) and $100 per
> month for software fees? What were they?
>
> 7. Is there any issue, not asked above, that
> would have kept you from using the latest TS
> software or brokerage services if you had know
> it before you had converted?
>
> Thanks!!!!!!!!!!!!!
>
> Russ
>
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