Forum: Trader68 Support Forum
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| Subject: | defer until open |
| Posted by: | roger wilson |
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| When: | 2/08/12 (20:31) | |
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| | Under safeguards-monitor market hours-if signals arrive outside of market hours: three options can be selected from the drop down menu. Does defer until open not even place the order until market open? In other words, if a GTC limit order arrives one hour before market opens, will it be held or placed immediately if defer until open has been selected? |
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| Subject: | defer until open |
| Posted by: | Trader68 Support |
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| When: | 2/09/12 (9:10) | |
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| | In response to post by roger wilson of 2/08/12 (20:31) Under safeguards-monitor market hours-if signals arrive outside of market hours: three options can be selected from the ...
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Hello Roger,
Defer to Open will hold the order in Trader68 until the market is open. If we submitted the order to Interactive Brokers before that time it would be declined by the broker and subsequently canceled leaving you with no position. That is why we added the Defer to Open a few releases ago. |
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| Subject: | defer until open |
| Posted by: | roger wilson |
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| When: | 2/09/12 (17:57) | |
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| | In response to post by ND Support of 2/09/12 (9:10) Hello Roger,
Defer to Open will hold the order in Trader68 until the market is open. If we submitted the order...
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I am not sure that I understand. I can place a gtc lmt order outside of regular hours, but it will be held until regular trading hours due to my IB default settings. So if I select process immediatly will it not be held at IB? |
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| Subject: | defer until open |
| Posted by: | Trader68 Support |
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| When: | 2/10/12 (10:26) | |
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| | In response to post by roger wilson of 2/09/12 (17:57) I am not sure that I understand. I can place a gtc lmt order outside of regular hours, but it will be held until regula...
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Hello Roger,
I am not sure if it is because the order is sent through the API or what (would have to inquire with the lead developer), but if we send a order to Interactive Brokers outside market hours it tries to process it and then comes back with Broker Declined and the order is canceled. That is why we have Defer to Open which holds the order in Trader68 until the market is open and then we process it accordingly. |
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| Subject: | defer until open |
| Posted by: | roger wilson |
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| When: | 2/11/12 (16:55) | |
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| | In response to post by ND Support of 2/10/12 (10:26) Hello Roger,
I am not sure if it is because the order is sent through the API or what (would have to inquire wi...
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So for futures trading, how would you set options for market hours and monitor market hours if signals are transmitted for all total trading hours? How would you set both regular open and close and secondary open and close? What selection would you choose if signals arrive outside of market hours?
Thanks, Roger |
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| Subject: | defer until open |
| Posted by: | Trader68 Support |
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| When: | 2/13/12 (10:57) | |
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| | In response to post by roger wilson of 2/11/12 (16:55) So for futures trading, how would you set options for market hours and monitor market hours if signals are transmitted for all total trading hours? How would you set both regular open and close and secondary open and close? What selection would you choose if signals arrive outside of market hours?
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Hello Roger,
The market hours should all be correct in handling primary and secondary open times (at least with the latest 3.1.4 Beta release). We found some discrepancies in the current release 3.1.3, but they have been resolved in 3.1.4. However, if you found a symbol that is not setup correctly, simply right-click on the asset and choose Edit Asset Settings and then click on the SafeGuards tab. You can adjust the Market Hours there.
For signals that arrive outside market hours I'd leave the default option of Defer Until Open so that it is not likely declined and subsequently canceled by Interactive Brokers. |
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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.
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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.
