Just to expand on the above - I had a convert to market after 30 seconds TB feature running as a safety net which kicked in a closed out the trade as the limit close wasn't filled. BUT isn't the whole point of scalping systems at unsociable hours having TB/IB there to trade them -if not what is the point of displaying the system? Obviously it's very early days with this and maybe more positons will be filled in future but it doesn't look very hopeful...

Just to clarify, "Entropia" system is not about scalping!
The signal was send HOURS before it was executed! The signal had entrance, take profit and stop loss.
The problem is not in the system. Please look at the charts and see for yourself that 15 pips could be reasonably achieved. You should consider checking other brokers. When running the system manually with our broker (we always do it), we got more than 17 pips!

Just to clarify -this is not a criticism of your system at all which obviously works very well. It was a frustration about not being able to replicate your results using the 'in house' trade execution software provided via C2. I realise that not using the 'convert to market after C2 reports a fill' feature would have made a difference in todays case, but by not having this as a safety net you risk leaving yourself completelty exposed with an open postion and no stop order which would be cancelled after C2 reports a fill.

The best way forward with this may be to try and manually trade it as your results are so good.

This is nothing new to C2 as we all know.

Peter,

Maybe this will help: you can disable the conversion feature for Forex orders while keeping it active for other instrument types. See the C2 options tab.

Francis

Hi Francis -but the point is that you need that safety net for forex orders just in case the limit isn't filled via IB and you are left with an open postion and no stop in place once C2 has reported a fill. Another option may be to use the MIT set to a few seconds under the Order option tab....

Peter #:

I'm trying to figure out the implications of your post. I think you are saying that C2 filled a forex order in its hypothetical fill engine, but that in your real-life trading account, you did not fill it -- and then you converted the unfilled order into a market order and you got a very bad fill.

But is the implication that it took too long for you to convert to market order? Or is the implication that your broker was offering very lousy prices for the forex pair while C2's quote feed showed unrealistically good prices?

No I want C2 to convert to market as soon as C2 reports a fill for the reasons stated -I don't want an exposed open postion without a stop - so in this respect C2/TB did a great job...

What I am frustrated about is missing a great trade! I will try the MIT after 5 seconds or so and see how that does.

Peter ... I stopped trading forex systems on C2 mainly because I found it impossible to keep in synch. The significant variations in various quote vendor prices almost kills the ability to follow limit orders, and as you say you don't want a naked position out there without a stop if you're not glued to the screen. But I know MK and Francis have made some improvements since I last tried a forex system (although a limit order system is still going to be a problem IMO).

A word of caution about the convert-to-market feature and weekend trading as well. I had a nightmare scenario with C2 receiving a bad tick on the very last tick of the day on a Friday. This bad tick happened to trigger a limit order on C2 that it filled based on the bad tick price (the actual market price never got within 20 pips of the bad tick number, but C2's engine didn't know that). At that point my own account limit order (which wasn't hit because IB's quote did not see the bad tick) was converted to a market order just as TB was told to do (ie. C2 reported a fill, so my limit order was converted to a market order within 10 seconds). Since the market had just closed (the bad tick was the very last of the day), this market order could not be executed and set open in my account completely unknown to me until Sunday afternoon. TWS had closed for the weekend and I had made my last checks a few minutes before the market closed and thought all was well.

When forex trading opened on Sunday my mystery market order was promptly executed and some greedy dealer gave me prices as high as 120 pips AWAY from the real market opening prices. $6K vanished instantly before I knew what was going on. I filled out a trouble ticket with IB and to their credit they busted the trade and put the money back into my account. All of this triggered by a single bad tick, happening on the very last tick of the day, combined with the convert-to-market setting in TB when C2 reports a fill.

The point is to make sure you are flat for the weekend, or at least don't have any hanging market orders at the close of trading on Friday.

Thanks Randy - OK I guessed so. Oh well there are still some good manual trade possibilities out there...