Odd / Annoying happenings while using PRT Platform

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Viewing 15 posts - 181 through 195 (of 224 total)
  • #208960

    I was now thinking more about the comments about rejected orders due to minimum distance. sorry 😉

    #208961

    No I wasn’t short yesterday.  I was doing other stuff on my PC and suddenly heard my Long trades closing and David’s voice saying … Exit with Gains!! 🙂

    something like SP500

    Yes I have maybe 10 or so Systems on SP 500. But generally I find my strategies don’t work or dont trade as often on SP500. But maybe I need to change variable values widely from DJI values.

    So do you think or know that the minimum distance Reject does not come into play on SP500??

    #208963

    I was now thinking more about the comments about rejected orders due to minimum distance. sorry 😉

    A little misunderstanding, I think;
    The minimum distance is fine (expect for Fx where IG deliberately made it impossible to Autotrade-scalp, 4 months or so ago). It is about IG setting it to an impossible high amount (like 120 points) so your Auto System will never enter a trade at that moment and is thrown out as a bonus (System Stopped).

    #208968

    I don’t work with limit orders, only with market orders. But I put tight SL and TP. That’s why I use SP500. Minimum distance 1 pip. I haven’t seen that with other indices. Maybe you can tell me how exactly you use limit orders. So far I haven’t figured out what kind of system is behind it. 😉

    #208969

    The minimum distance you talk about would be for the SL, right ? (by heart 4 points for Nasdaq).
    This does not combine with a Limit Order. These are for entering the market and are above the price. This is not related to a minimum distance at all. If that is 0.0001 it is also fine.
    Unless I miss something. 🙂

    The situation at hand is that something is amiss with, well, for sure *entering* the market, and there this error message (and stopped system) occurs. So, such a system never saw its trade. The trade is rejected in advance – the system is stopped by PRT.

    “The chosen order level is too close to the current market level. The minimum distance for this market is 122.141 points.”

    If you can make sense of this, be my guest. 😉

    #208976

    #208982

    It is getting better and better.
    I don’t recall this one from Live (4 points).

    #208991

    So you were closer than 4 points or is the error message wrong?

    #208993

    Yes, good question. This was for me to find out today. So, debug data at work … (as told, look back for what should have happened by means of backtest).

    1st attached is where thee system was kicked out. You can see that at that moment it would have applied a Limit order (this would have been for Long but you can’t see that here). There is no entry because this “wanted to be” earlier. Also see the screenshot in the previous post.

    2nd attached shows “reality”. Again see the screenshot in the previous post. So this is where it started. As you can see it is a Limit order again but now the one which should have entered for real. Times match exactly.

    And btw, I don’t have entries with Pending Stop or such. Only Limit or Market.

    The 4 points *is* the normal distance, but for SL.

    Maybe I am not even sure how to look at this. See 3rd attachment.
    I drew lines there, the middle one at the exit of the bar initiating the Entry.  The lines under and above it, are at a distance of 4 points. It would not make sense to not being able to trade that (SL yes, that I would understand). The SL btw, in this case was at ~ 42 points. You can see that in the 4th attachment, where this would-be trade would have gone out, accidentally in a loss. IOW, a too close SL can’t have caused it either.

    The 4 points go-out has happened more often to me, and this is always between 23:00 and 00:00 (Amsterdam). This is when the normal (ETH) market is closed. So I don’t know whether we must now dedicate IG bugs to that. At least I never thought about this.
    Side note : excluding this hour from trading is once again not beneficial (I think I talked about this in the recent past, somewhere). Thus, systems won’t go out, but net it brings less profit. So I let this situation be against all odds.

    Edit: The last attachment should have shown the time bar. But you will believe me it is the same want-to-be trade, with the blue entry arrow in the left.

     

    #209000

    In case someone likes to know : What you see below is a danger of some sort of other way around;
    This is PRT-IB and here markets *are* closed between 23:00 and 00:00 Amsterdam. That gap is now killing me because the SL was passed “twice”. I only see this happening for the first time, but this is a typical danger with Autotrading with IB (but Sundays the same for IG !) because no SL can be at work at that time. So there too the SL was ~ $90 but it did not work out like that.

    This looks like a 50% chance of good vs bad (would it have been a profitable trade with a TP of 90, then this now would have resulted in a profit of 196). But this theoretically is not 50% because the trade has its direction (Long vs Short) for a reason. So net it should bring profit (seen over say 2K trades and 26 Sundays for IG –  2K trades and 130 days for IB).

    Anyway what I told in the previous post : take out this hour for trading and net you will lose on it (OK, I would with present system(s)).

    #209002

    Thus, systems won’t go out, but net it brings less profit.

    You saying less profit when backtested with 23:00 to 00:00 disabled / not running?

    But if the same Live systems are Rejected (for min dist etc) between 23:00 and 00:00 then Rejected Systems will bring zero profit.

    So how do we / you make a meaningful comparison using backtest as the tool?

    #209007

    But if the same Live systems are Rejected (for min dist etc) between 23:00 and 00:00 then Rejected Systems will bring zero profit.

    True. But this happens in more rare occasions. Keep in mind : this is about a system which would want to Enter in that hour. This is rare in itself (but yesterday was “forceful” in advance of that hour, and then (for my system) this can happen.

    1 user thanked author for this post.
    #209028

    It is getting worse ?
    It almost looks as if IG has difficulty with a trending market. I mean, as it goes the last couple of days has been a whiiiiiiiiiile ago.

    #209030

    Loads of IG customers trading the same way as the trend will unbalance the IG book.

    A balanced book relies on customers being short and customers being long. If we are mostly all Long or mostly all Short then the see-saw is down on one side! 🙂

    #209033

    Haha, Yes. But what do you mean annoying.
    I have had THREE new ones again. No picture this time, you will believe me.

    In the middle of all I have also a couple which work out. 6 of them. So it’s on and off with that balance of yours.

Viewing 15 posts - 181 through 195 (of 224 total)

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