Automated tradingnot starting

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #191911 quote
    cpla1971
    Participant
    New

    Hi,

    I am new to automated trading, and i after doing some backtesting, i am moving to automated trading. I m trying first with limited amount here, $2000 fund. I trade on US Tech 100 Cash ($20 Min), the Nasdaq 100 index. I launch the automated trading with 0.1 contract but nothing happens even when the conditions to buy are here. Do you know if there is potentially a technical problem stopping the system to start?

    Thanks

    Chris

    #191922 quote
    PeterSt
    Participant
    Master

    Hi there Chris,

    1 x Nasdaq EUR 20 per point = 280K euros. Say 300K USD.
    0.1 times that = 30K USD.

    2000USD in your portfolio means 6.6 % margin. I think 5% is the requirement, but as you can see this is critical anyway. So that c0uld be the culprit.
    And nothing will notify you about it.

    Something else is that 0.1 contracts may not be allowed (too few).
    But you can try the EUR 1 per point and get 3 of them (42K euros). Careful, because that too could be too few for some other rules. I see people always having troubles with the lower contract amounts (on the EUR 1 pp). I think I have seen 3 contracts work without issues for myself.
    And add a little to your portfolio of course.

    I hope I didn’t make too many math errors.
    Peter

    cpla1971 thanked this post
    image_2022-04-19_191852422.png image_2022-04-19_191852422.png
    #191932 quote
    Nicolas
    Keymaster
    Master
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.

Automated tradingnot starting


Platform Support: Charts, Data & Broker Setup

New Reply
Author
author-avatar
cpla1971 @cpla1971 Participant
Summary

This topic contains 2 replies,
has 3 voices, and was last updated by Nicolas
3 years, 10 months ago.

Topic Details
Forum: Platform Support: Charts, Data & Broker Setup
Language: English
Started: 04/19/2022
Status: Active
Attachments: 1 files
Logo Logo
Loading...