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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Matthew Klein (Admin) |
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| When: | 2/14/07 (22:18) | |
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| | Great news. OpenECry is the first futures broker to connect to C2's server-based AutoTrading.
Now you can AutoTrade any futures system you see here on C2 in a real-life OpenECry account. And best of all: it's server-based. That means you don't have to run any software on your computer. No TradeBullet, TradeBolt, or whatever. Just type your OpenECry account number into C2 and let it trade!
OpenECry is offering free demo accounts, with $10,000 of imaginary money in them, to all C2 users to let you try out C2 AutoTrading.
A few caveats: This is a public beta test. Only demo accounts are currently available. We expect live account trading to be available next week. But why not start now and see how it works?
To open an OpenECry demo account, go to C2's Autotrading Trading Permissions page (left-side menu), pull down Open E Cry, and click the link "How to set up Open E Cry."
Please let me know what you think!
Matthew |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Lew Payne ( C2 Score: 911 ) |
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| When: | 2/15/07 (13:22) | |
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| | In response to post by Matthew Klein of 2/14/07 (22:18) Great news. OpenECry is the first futures broker to connect to C2's server-based AutoTrading.
Now you can AutoTrade any futures system you see here on C2 in a real-life OpenECry account. And best of all: it's server-based. That means you don't have to run any software on your computer. No TradeBullet, TradeBolt, or whatever. Just type your OpenECry account number into C2 and let it trade!
...
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I went to try this out of curiosity, and their software requires .NET 2.0 to be installed. For the functions their "demo" is performing, they could have just as easily coded for .NET 1.X compatibility (but they were lazy). I'm one of those people who refuses to install an entire development environment in order to support one "demo" program that could otherwise be supported with existing components. Hence, I won't be checking this out, after all. |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Matthew Klein (Admin) |
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| When: | 2/15/07 (13:34) | |
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| | In response to post by Lew Payne of 2/15/07 (13:22) I went to try this out of curiosity, and their software requires .NET 2.0 to be installed. For the functions their &quo...
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That's your choice, Lew.
On the other hand, a lot of users will appreciate the ability to AutoTrade C2 futures systems on a server-based system. For those users, installation of a free Microsoft .NET component is worthwhile. |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Index ( C2 Score: 976) |
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| When: | 2/15/07 (13:36) | |
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| | In response to post by Matthew Klein of 2/14/07 (22:18) Great news. OpenECry is the first futures broker to connect to C2's server-based AutoTrading.
Now you can AutoTrade any futures system you see here on C2 in a real-life OpenECry account. And best of all: it's server-based. That means you don't have to run any software on your computer. No TradeBullet, TradeBolt, or whatever. Just type your OpenECry account number into C2 and let it trade!
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See entire
looks interesting. I have resisted using TB or other solutions. I don't see why (for basic trading), I should have to leave unattended PCs running or pay monthly fees just to have vendor signals transmitted to my broker, or change brokers, just because they are server based. It is ALSO nice, since this is web-based, and should be accessible everywhere.
This definitely looks like a huge step in the right direction. I look forward to other brokers joining in. I hope you will consider doing a campaign with other brokers, especially the major players... |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Matthew Klein (Admin) |
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| When: | 2/15/07 (13:50) | |
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| | In response to post by Index of 2/15/07 (13:36) looks interesting. I have resisted using TB or other solutions. I don't see why (for basic trading), I should have to leave unattended PCs running or pay monthly fees just to have vendor signals transmitted to my broker, or change brokers, just because they are server based. It is ALSO nice, since this is web-based, and should be accessible everywhere....
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Yes, we'll also be turning on OptionsXpress within a few days, and we are working on integrating a handful of other brokers, too. |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Pinnacle Trading ( C2 Score: 74) |
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| When: | 2/15/07 (13:57) | |
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| | In response to post by Matthew Klein of 2/15/07 (13:50) Yes, we'll also be turning on OptionsXpress within a few days, and we are working on integrating a handful of other brokers, too.
It's nice to see that an option broker is integrating with C2. I hope you'll be adding more options brokers in addition to OX. |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Index ( C2 Score: 976) |
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| When: | 2/15/07 (14:19) | |
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| | In response to post by Matthew Klein of 2/15/07 (13:50) Yes, we'll also be turning on OptionsXpress within a few days, and we are working on integrating a handful of other brokers, too.
the biggies, like IB would be nice (I am sure tradestation is out...) |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Index ( C2 Score: 976) |
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| When: | 2/15/07 (14:25) | |
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| | In response to post by Index of 2/15/07 (14:19) the biggies, like IB would be nice (I am sure tradestation is out...)
MK
By the way, I put OEC onto the C2 path. Rick (there) & OEC were looking for their own alternatives to PATS, and I said they really should look at C2. I am surprised they took so long - I had a few conversations with him like 6 months ago. I guess everyone is pretty busy :)
If you go for the "you can get new customers from Collective2 subscribers, if you hook into C2 unlike other brokers" angle, you might hook a few more fish. Maybe they will even consider co-advertising with you, to save you some $$$$. Some of THEIR existing customers might want to join C2. You might even be able to get links from their sites back to C2. Just be willing to put links to them from C2 page(s)... |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Matthew Klein (Admin) |
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| When: | 2/15/07 (16:21) | |
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| | In response to post by Index of 2/15/07 (14:25) MK
By the way, I put OEC onto the C2 path. Rick (there) & OEC were looking for their own alternatives to PATS, and I said they really should look at C2. I am surprised they took so long - I had a few conversations with him like 6 months ago. I guess everyone is pretty busy :)
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Those are all good ideas, thanks.
Hopefully we'll have other broker-related announcements soon. |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Lew Payne ( C2 Score: 911) |
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| When: | 2/15/07 (17:55) | |
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| | In response to post by Matthew Klein of 2/15/07 (13:50) Yes, we'll also be turning on OptionsXpress within a few days, and we are working on integrating a handful of other brokers, too.
As both an IB and OX customer, I'm cheering for your OX automation, soon to be turned on! Looking forward to seeing an IB one on the slate soon.
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | james ballord ( C2 Score: 960) |
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| When: | 2/15/07 (21:08) | |
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| | In response to post by Matthew Klein of 2/14/07 (22:18) Great news. OpenECry is the first futures broker to connect to C2's server-based AutoTrading.
Now you can AutoTrade any futures system you see here on C2 in a real-life OpenECry account. And best of all: it's server-based. That means you don't have to run any software on your computer. No TradeBullet, TradeBolt, or whatever. Just type your OpenECry account number into C2 and let it trade!
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Sounds good. Every success with it.
David |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | gustavo lopez ( C2 Score: 848) |
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| When: | 2/22/07 (18:24) | |
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| | In response to post by Matthew Klein of 2/14/07 (22:18) Great news. OpenECry is the first futures broker to connect to C2's server-based AutoTrading.
Now you can AutoTrade any futures system you see here on C2 in a real-life OpenECry account. And best of all: it's server-based. That means you don't have to run any software on your computer. No TradeBullet, TradeBolt, or whatever. Just type your OpenECry account number into C2 and let it trade!
...
See entire
hello mathew:
excuseme for my ingnorance and my english...
yesterday i do 2 things.
1 fill the forms , tellme my system is ok.
and 2 download program and install ok.
after i configure several providers futures in Trading Permission.Sliced Bread.TurboEliteES,etc.
But donts works...
what happend? |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | gustavo lopez ( C2 Score: 848) |
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| When: | 2/22/07 (19:18) | |
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| | In response to post by gustavo lopez of 2/22/07 (18:24) hello mathew:
excuseme for my ingnorance and my english...
yesterday i do 2 things.
1 fill the forms , tellme my system is ok....
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forget it.
works ok!
excuseme. |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Panu Haaramo ( C2 Score: 711) |
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| When: | 2/23/07 (1:59) | |
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| | In response to post by Matthew Klein of 2/14/07 (22:18) Great news. OpenECry is the first futures broker to connect to C2's server-based AutoTrading.
Now you can AutoTrade any futures system you see here on C2 in a real-life OpenECry account. And best of all: it's server-based. That means you don't have to run any software on your computer. No TradeBullet, TradeBolt, or whatever. Just type your OpenECry account number into C2 and let it trade!
...
See entire
Thanks! Server based is exactly what we need. Also I would very much like to see this work with IB.
What does this cost me? Or is it not published yet?
Panu |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Freeworld Egli |
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| When: | 2/24/07 (13:08) | |
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| | In response to post by Panu Haaramo of 2/23/07 (1:59) Thanks! Server based is exactly what we need. Also I would very much like to see this work with IB.
What does this cost me? Or is it not published yet?
Panu
Hi Matthew,
Autotrading through OpenECry need to be tuned seriously. I've tried the demo account with the PrimeTime Mini Re-load System and it was a disaster. While the system was down -3'500$ on February 23, the autotrade account crashed by -30'000$ without commission offcourse (to be added). Here are some dysfunction observed:
- Trades not executed timely (sometimes up to 10 min delay)
- Orders for partial position close are not recognised and insteed full position is closed. And than reopen a new positions to be in synchro with C2.
So for the moment it's not recommanded to autotrade a day trading system unless all problems will be resolved. Perheps swing trading with simple positioning can be considered.
Regards
Abdel
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Matthew Klein (Admin) |
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| When: | 2/24/07 (13:26) | |
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| | In response to post by Freeworld Egli of 2/24/07 (13:08) Hi Matthew,
Autotrading through OpenECry need to be tuned seriously. I've tried the demo account with the PrimeTime Mini Re-load System and it was a disaster. While the system was down -3'500$ on February 23, the autotrade account crashed by -30'000$ without commission offcourse (to be added). Here are some dysfunction observed:
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I'll take a look at your demo account to see what happened. - Matthew |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Matthew Klein (Admin) |
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| When: | 2/24/07 (14:57) | |
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| | In response to post by Freeworld Egli of 2/24/07 (13:08) Hi Matthew,
Autotrading through OpenECry need to be tuned seriously. I've tried the demo account with the PrimeTime Mini Re-load System and it was a disaster. While the system was down -3'500$ on February 23, the autotrade account crashed by -30'000$ without commission offcourse (to be added). Here are some dysfunction observed:
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Abdel:
We've spent quite a bit of time studying the audit trail for your simulated Open E Cry account, and we're a bit puzzled.
(1) Your account went down from 50K to 46K. Your cumulative PL was minus $3,700 - not great, but basically matching the performance of the system you are autotrading. So I'm puzzled why you claim a $30,000 loss.
2) When you set up your AutoTrade Permissions, you told C2 to allocate up to $82,000 of your account. But OpenECry gives you a demo account with only $50,000 of imaginary money. So this was unwise. You basically told C2 to place trades much larger than your account.
3) We see zero instances of fills that had a "10 minute delay." In fact, all your fills were almost identical to the C2 system. Is it possible you were looking at the length of time it took to fill limit orders? You should be aware that limit orders do not get filled instantly. They only get filled when the limit price is reached by the marketplace.
4) There was indeed one instance where C2 performed an extra "synchronization" order between your account and the C2 system. We have been working to make sure that account synchronization works flawlessly, without extra open-and-close cycles. In this case, there was one needless open and close, which we will investigate. But only one, in a very fast-trading system, and - at the end of the day, the really important thing is that your Open E Cry account is still in sync with the C2 system to which you subscribed.
So, all in all, a very excellent performance by server-based C2 Autotrading. That's why we're really puzzled by your post, which seems to describe a very different set of events.
I thought it important to post this publicly. C2 always tries to address problems in an open and transparent way. We never hide problems, and in fact encourage the use of public forums to discuss them. But in this case, I simply can't see the problems you describe, so I wanted people who were considering Open E Cry to read this post after reading your initial complaint.
If I'm misunderstanding your original post, by all means let me know, either in this forum or via email (matthew at http://collective.com).
Thanks - Matthew |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Freeworld Egli |
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| When: | 2/24/07 (16:48) | |
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| | In response to post by Matthew Klein of 2/24/07 (14:57) Abdel:
We've spent quite a bit of time studying the audit trail for your simulated Open E Cry account, and we're a bit puzzled....
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Hi
Sorry I forget to tell you that I traded only 10% of contract and I had the same loses (-3000$). So If I traded 100% It would 30'000$.
Regards
Abdel |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Freeworld Egli |
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| When: | 2/24/07 (16:58) | |
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| | In response to post by Freeworld Egli of 2/24/07 (16:48) Hi
Sorry I forget to tell you that I traded only 10% of contract and I had the same loses (-3000$). So If I traded 100% It would 30'000$.
Regards
Abdel
Sorry again, It was 10% first day and 20% on February 23 with 3000+$ dawn. Any why it was really quite different.
I'll continue to monitor this issue because I was really interested in the concept
All the best
Abdel |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Hans Hansen ( C2 Score: 982) |
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| When: | 2/28/07 (18:48) | |
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| | In response to post by Matthew Klein of 2/14/07 (22:18) Great news. OpenECry is the first futures broker to connect to C2's server-based AutoTrading.
Now you can AutoTrade any futures system you see here on C2 in a real-life OpenECry account. And best of all: it's server-based. That means you don't have to run any software on your computer. No TradeBullet, TradeBolt, or whatever. Just type your OpenECry account number into C2 and let it trade!
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See entire
Matthew: A couple of OEC questions:
1) In the demo as currently set up, it says that no manual orders can be entered. Will manual orders be allowed when you go "live"?
2) Is there a way to turn off syncronization?
I ask because I currently have an OEC account and I would like to continue doing my own trading in it, as well as system trading via C2. But either 'no manual trades allowed' or mandatory syncronization would make this difficult. Would 2 separate OEC accounts be needed?
Thanks,
Hans. |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Matthew Klein (Admin) |
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| When: | 2/28/07 (18:52) | |
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| | In response to post by Hans Hansen of 2/28/07 (18:48) Matthew: A couple of OEC questions:
1) In the demo as currently set up, it says that no manual orders can be entered. Will manual orders be allowed when you go "live"?
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1. Correct. Our new approach to AutoTrading is to try to simplify, simplify, simplify. So we require account synchronization between the OpenECry (OEC) account and C2.
2. Because we require synchronization, no non-C2 orders can be allowed (i.e. no "manual" trading in the account).
3. So, yes, you would need to have two separate accounts at OEC - one for C2 systems and one for discretionary or manual trading.
MK |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Jules Ellis |
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| When: | 2/28/07 (19:13) | |
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| | In response to post by Matthew Klein of 2/28/07 (18:52) 1. Correct. Our new approach to AutoTrading is to try to simplify, simplify, simplify. So we require account synchronization between the OpenECry (OEC) account and C2....
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Although I understand the concerns of Hans, I think this new strategy is the only logical approach to synchronization. |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Index ( C2 Score: 976) |
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| When: | 2/28/07 (20:41) | |
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| | In response to post by Matthew Klein of 2/28/07 (18:52) 1. Correct. Our new approach to AutoTrading is to try to simplify, simplify, simplify. So we require account synchronization between the OpenECry (OEC) account and C2....
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Is the theory that a user's account will be FORCED into synchronization with Open E Cry and the C2 system??
I am wondering how that would be carried out/enforced... It would be wonderful if it were 100% true, since that is one of the major gripes of autotrading... |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Matthew Klein (Admin) |
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| When: | 2/28/07 (21:06) | |
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| | In response to post by Index of 2/28/07 (20:41) Is the theory that a user's account will be FORCED into synchronization with Open E Cry and the C2 system??
I a...
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Yes, that is the theory (and practice). We force synchronization between C2 systems and the brokerage account. |
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| Subject: | OpenECry Server Based AutoTrading Available! |
| Posted by: | Hans Hansen ( C2 Score: 982) |
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| When: | 3/01/07 (16:44) | |
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| | In response to post by Matthew Klein of 2/28/07 (21:06) Yes, that is the theory (and practice). We force synchronization between C2 systems and the brokerage account.
Matthew:
There is a glitch in your enrollment proceedure. After filling out name, address, etc. I get a system check page. It indicated that I needed .NET. So I downloaded it. Now when I try to get the OECTrader, I have to go thru the name, address, etc. proceedure and I get informed that I already have an account. I'm now in a catch 22. I can't get to where I need to download the software because I already have an account. But I can't use the account because I don't have the software!
OEC's site has the same issue. I can't simply download the software w/o starting all over again, but I can't start over because I already have an account.
Help.
Hans. |
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