Forum: Collective2 Suggestions, Feedback, Questions
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| Subject: | Start up and setup |
| Posted by: | Mark Pey ( C2 Score: 586 ) |
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| When: | 4/13/12 (17:51) | |
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| | Hi I've combed the FAQ etc but can't figure this out. If I start with a new system will I automatically receive any open trades a system has? If he bought at 3 with a target of 6, now trading at 5, will I get a trade entry at 5? And can I trick this by starting up with just a 5% scaling? (assuming he's not trading just one contract etc)
Thanks. Any other tips and tricks on autotrade and autosync would help, would be great if there was a real ongoing user forum for stuff like this...maybe there is but I can't find it? |
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| Subject: | Start up and setup |
| Posted by: | Mark Pey ( C2 Score: 586) |
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| When: | 4/14/12 (21:23) | |
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| | In response to post by Mark Pey of 4/13/12 (17:51) Hi I've combed the FAQ etc but can't figure this out. If I start with a new system will I automatically receive any open trades a system has? If he bought at 3 with a target of 6, now trading at 5, will I get a trade entry at 5? And can I trick this by starting up with just a 5% scaling? (assuming he's not trading just one contract etc)
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| | In response to post by Mark Pey of 4/13/12 (17:51) Hi I've combed the FAQ etc but can't figure this out. If I start with a new system will I automatically receive any open trades a system has? If he bought at 3 with a target of 6, now trading at 5, will I get a trade entry at 5? And can I trick this by starting up with just a 5% scaling? (assuming he's not trading just one contract etc)
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See entire
Yes, for Gen3 AutoTrade, if you start AutoTrading a system while the system has an open trade, you will enter at the market price to join the trade. In theory, this means your marked-to-market performance will match the system's from the moment in time that you turn on the trading.
You can try to manipulate the trade sizes by setting a low scaling % to enter, but I doubt it's worth doing this. In my opinion, if you think a system is worth following, then follow it, and try to match the performance of the system from the moment when you make the decision to trade it.
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What is the C2 Score?
Collective2 rates every trading advisor in its database and assigns a score between 100 and 1000.
In general, a rating above 500 is good. A rating above 700 is excellent.
Collective2 Ratings are recalculated daily based on the entire performance history in our database. The exact formula we use is proprietary, but there are several key variables that go into the Collective2 Rating. One of the most important factors is the length of time we have been able to observe the performance of the trader. Another key factor is the amount by which the trader over-performs or under-performs the S&P 500 index. Finally, the choppiness of the trader's results is taken into account. Certainly a more consistent trader will be rated more highly than a trader with erratic results.
