Forum: Trader68 Support Forum
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| Subject: | T68 is consistently losing me money |
| Posted by: | Marco Castelvecchi |
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| When: | 9/20/09 (20:24) | |
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| | I filled this order as shown below at 1.4705 with the profit (1.4625) and stop limit (1.4815) as shown, yet it closed it at 1.4707???
This keeps happening, it's getting to the point where T68 is no longer viable.
9/21/2009 1:03 My New Portfolio: EUR: 6EZ9: Order to Buy 2 at Stop 1.4625 (Exit On Loss Manual Submission, IB/TWS Order# ): Partially filled for 1 at a price of 1.4707 .
9/21/2009 1:03 My New Portfolio: EUR: 6EZ9: Order to Buy 2 at Stop 1.4625 (Exit On Loss Manual Submission, IB/TWS Order# ): Partially filled for 1 at a price of 1.4707 .
9/21/2009 1:02 My New Portfolio: EUR: 6EZ9: Order to Buy 2 at Limit 1.4815 (Exit On Profit Manual Submission, IB/TWS Order# ): Cancelled at broker.
9/21/2009 1:02 My New Portfolio: EUR: 6EZ9: Order to Buy 2 at Limit 1.4815 (Exit On Profit Manual Submission, IB/TWS Order# ): Cancel executed.
9/21/2009 1:02 My New Portfolio: EUR: 6EZ9: Order to Sell 2 at Market (Enter Short Manual Submission, IB/TWS Order# ): Partially filled for 1 at a price of 1.4705 .
9/21/2009 1:02 My New Portfolio: EUR: 6EZ9: Order to Sell 2 at Market (Enter Short Manual Submission, IB/TWS Order# ): Partially filled for 1 at a price of 1.4705 .
9/21/2009 1:02 My New Portfolio: EUR: 6EZ9: Order to Buy 2 at Limit 1.4815 (Exit On Profit Manual Submission): Submitted Manual Order
9/21/2009 1:02 My New Portfolio: EUR: 6EZ9: Order to Buy 2 at Stop 1.4625 (Exit On Loss Manual Submission): Submitted Manual Order
9/21/2009 1:02 My New Portfolio: EUR: 6EZ9: Order to Sell 2 at Market (Enter Short Manual Submission): Submitted Manual Order |
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| Subject: | T68 is consistently losing me money |
| Posted by: | Trader68 Support |
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| When: | 9/21/09 (10:42) | |
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| | In response to post by Marco Castelvecchi of 9/20/09 (20:24) I filled this order as shown below at 1.4705 with the profit (1.4625) and stop limit (1.4815) as shown, yet it closed it at 1.4707???
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Hello Marco,
Trader68 performed correctly on the information it was given. Let me clarify what you did wrong on the Manual Order screen:
(Short) SELL Market @ (Entered at 1.4705)
PROFIT Order @ 1.4815
STOP LOSS Order @ 1.4625
See the problem? To make profits on a Short Position the value must decrease meaning your Profit order should have been 1.4625 and your Stop Loss order at 1.4815. So your manual orders were entered backwards, which is the reason why the Stop Loss kicked off immediately since the price point had already been reached.
If the community has some constructive ideas on how to better display this information within Trader68 please let me know.
Thanks,
Steve @ Trader68 Support |
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| Subject: | T68 is consistently losing me money |
| Posted by: | Swig |
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| When: | 10/01/09 (7:28) | |
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| | In response to post by ND Support of 9/21/09 (10:42) Hello Marco,
Trader68 performed correctly on the information it was given. Let me clarify what you did wrong on the Manual Order screen:
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One useful piece of functionality that IMO every trading app should have (and which would have helped here) is to warn the user when a stop order they have just entered would execute immediately upon submission, since 99% of the time it isn't what they intended. |
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| Subject: | T68 is consistently losing me money |
| Posted by: | Trader68 Support |
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| When: | 10/01/09 (10:24) | |
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| | In response to post by Swig of 10/01/09 (7:28) One useful piece of functionality that IMO every trading app should have (and which would have helped here) is to warn t...
See entire
Hello Swig,
I agree and thank you for the suggestion. I will make sure to pass on the information to the lead developer of Trader68 to add in Trader68 3.0.
Thanks,
Steve @ Trader68 Support |
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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.
