Forum: Collective2 Suggestions, Feedback, Questions
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| Subject: | Didn't trigger on C2 |
| Posted by: | Steve Waller ( C2 Score: 174 ) |
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| When: | 8/09/12 (10:47) | |
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| | After testing extensively between C2 and Ninja and getting the multiplier and symbols correct I switched to live, and today my first trade did not trigger on C2. Instrument is set correct and multiplier is correct according to the last test order I placed. I also receive no rejections from C2 which I normally do when the multiplier is incorrect. Any idea why?
Trade was filled in Ninja at 7:08.43 PDT.
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| | In response to post by Steve Waller of 8/09/12 (10:47) After testing extensively between C2 and Ninja and getting the multiplier and symbols correct I switched to live, and today my first trade did not trigger on C2. Instrument is set correct and multiplier is correct according to the last test order I placed. I also receive no rejections from C2 which I normally do when the multiplier is incorrect. Any idea why?
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This is the error message you received:
"This trade violates your system trading constraints. With proposed trade, open margin used will be 18.47% which is greater than your agreed-upon constraint of 10%." |
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| Subject: | Didn't trigger on C2 |
| Posted by: | Steve Waller ( C2 Score: 174) |
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| When: | 8/09/12 (11:14) | |
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| | In response to post by Matthew Klein of 8/09/12 (11:01) This is the error message you received:
"This trade violates your system trading constraints. With propose...
See entire
Matthew,
The trade that passed through should have been for 5 mini lots. On a 10,000 C2 account that should have been well less than $1000. Did it pass through wrong, meaning the multiplier is wrong, or do I not understand margin at C2?
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| | In response to post by Steve Waller of 8/09/12 (11:14) Matthew,
The trade that passed through should have been for 5 mini lots. On a 10,000 C2 account that should have been well less than $1000. Did it pass through wrong, meaning the multiplier is wrong, or do I not understand margin at C2?
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See entire
[This post has been edited to correct a math error pointed out by C2 Member INTJ]
C2 allows only 33:1 leverage in its Model Account for forex.
A trade to buy 50,000 Euros requires margin of 3% x 50,000, which is:
1500 Euros
C2 Model Account is denominated in USD, so we need to convert Euros to USD. We get (at 1.23 exchange rate)=
$1845
This as a % of your model account (10,000) is 18.45%, which is greater than your self-imposed system constraint.
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| Subject: | Didn't trigger on C2 |
| Posted by: | INTJ Capital LLC ( C2 Score: 852) |
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| When: | 8/09/12 (11:35) | |
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| | In response to post by Matthew Klein of 8/09/12 (11:24) [This post has been edited to correct a math error pointed out by C2 Member INTJ]
C2 allows only 33:1 leverage in its Model Account for forex....
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Isn't it more like (1/33) * 50,000 = 1,515 Euros? |
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| | In response to post by Matthew Klein of 8/09/12 (11:24) [This post has been edited to correct a math error pointed out by C2 Member INTJ]
C2 allows only 33:1 leverage in its Model Account for forex....
See entire
Damn I'm a knucklehead!
You are right, INTJ - I am wrong. I will edit my post to reflect your correction.
So the problem is your system constraint, Steve, not the size of your Model Account. Remove the constraint and you'll be good.
Thanks, INTJ! |
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| Subject: | Didn't trigger on C2 |
| Posted by: | Steve Waller ( C2 Score: 174) |
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| When: | 8/09/12 (11:57) | |
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| | In response to post by Matthew Klein of 8/09/12 (11:43) Damn I'm a knucklehead!
You are right, INTJ - I am wrong. I will edit my post to reflect your correction.
So the problem is your system constraint, Steve, not the size of your Model Account. Remove the constraint and you'll be good....
See entire
Matthew,
I reset my individual trade and total trades to allow what I need. I sent another post concerning the stop loss earlier. Thanks for the help. I do want to use the constraints. It prevents errors on my part. |
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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.
