What type of traders use PRT Algo?

• 02/01/2023 at 7:21 PM #208914
  ProRealBoy

  Hi,

  I am curious, what market segment does PRT Algo targeting?  Is it mainly for retail traders who want to get their feet wet in the area of algo?  Is there any professional trading houses uses PRT for algo?  How does PRT Algo compare to WealthLab and Multicharts ?

   

  Any thoughts are welcome

  

  ProRealBoy

  Participant

  Topics: 3

  Replies: 2

  Been thanked: 0 times
  02/01/2023 at 9:23 PM #208918
  GraHal

  There are well over 1,000,000 users worldwide, here’s a general overview …

  https://www.prorealtime.com/en/

  A few of us on here think Auto-Trading on PRT is ‘the poor relation’ to manual trading worldwide.

  Doesn’t answer your question I know, so if you find out more let us know!? 🙂

  

  GraHal

  Participant

  Topics: 204

  Replies: 8399

  Been thanked: 2041 times
  02/02/2023 at 9:02 AM #208929
  Nicolas

  Both type of traders. I encountered many professionnal with rather big accounts using ProOrder.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20828

  Been thanked: 4741 times
  02/02/2023 at 12:33 PM #208945
  ProRealBoy

  Thanks.  Its quite surprising big money invest big on PRT.  The codes are just too proprietary.  Once PRT company decide to call it a day out of the blue then all the hard work is gone.  But its interesting to see good mixture of both!

  

  ProRealBoy

  Participant

  Topics: 3

  Replies: 2

  Been thanked: 0 times
  02/02/2023 at 1:42 PM #208947
  PeterSt

  Algomodo wrote:

  Its quite surprising big money invest big on PRT.

  What is big money ?
  What is “a rather big account” ?
  What is a professional ?

  Think about this carefully before  making (wrong) conclusions. 🙂

   

  GraHal wrote:

  There are well over 1,000,000 users worldwide

  That too; this is only registered users. Same as registering on a forum and never return.
  IG (the only available for autotrading until “yesterday”) has (IIRC) 290,000 customers.

  

  PeterSt

  Participant

  Topics: 70

  Replies: 2287

  Been thanked: 695 times
  02/07/2023 at 4:37 AM #209269
  ProRealBoy

  I read that PRT algo has problem with Trailing stops?  Other than that what other limitations does PRT algo have?

  

  ProRealBoy

  Participant

  Topics: 3

  Replies: 2

  Been thanked: 0 times
  02/07/2023 at 9:10 AM #209275
  Nicolas

  Big accounts = 6 zeros.

  There is no “problem” with trailing stop. The SET STOP TRAILING instruction we all used since years set a trailing stoploss activated and managed by the broker, and in this case by IG. So, we want IB to manage the trailing stop the way it is currently with thousands of clients strategies since years. It means development on IB side and it is currently in progress. Because we didn’t want to wait more time before the feature delivery, it is currently not possible to use the SET STOP TRAILING instruction (but it will!!). In the meantime, you can use one of the trailing stop soft coded versions available in the forums.

  The dedicated topic about automatic trading with Interactive Broker is here: https://www.prorealcode.com/topic/automated-trading-interactive-broker-prorealtime/

   

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20828

  Been thanked: 4741 times
  02/07/2023 at 9:57 AM #209283
  phoentzs

  Did I miss something?
  SET STOP TRAILING
  Works as backtest as well as in live?

   

  

  phoentzs

  Participant

  Topics: 84

  Replies: 915

  Been thanked: 169 times
  02/07/2023 at 10:33 AM #209287
  Nicolas

  Definetely with IG, but not yet with IB (Interactive Broker) accounts (soon hopefully).

  In any case, it works in backtests.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20828

  Been thanked: 4741 times
• Author
  Posts