Forum: TradeBullet and Collective2
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| | In response to post by P. J. Trader Strategies of 7/30/09 (11:24) Hi,
Can you explain the "Convert Limit Into Market Once C2 Reports a Fill" feature in TradeBullet? I understand that it has a timer on it....
See entire
That's correct. The upside is less slippage. The downside is the delay is too long you will get out of sync with C2 and this will cause problems if the system trades frequently. |
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| Subject: | The Convert Limit Into Market Option on TradeBulle |
| Posted by: | P. J. Trader Strategies ( C2 Score: 956 ) |
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| When: | 7/30/09 (11:56) | |
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| | In response to post by Francis Gingras of 7/30/09 (11:36) That's correct. The upside is less slippage. The downside is the delay is too long you will get out of sync with C2 and this will cause problems if the system trades frequently.
I like that. So, what is the maximum amount of time that I can set the time for? and does trader68 have a feature like this?
Thanks |
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| Subject: | The Convert Limit Into Market Option on TradeBulle |
| Posted by: | P. J. Trader Strategies ( C2 Score: 956) |
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| When: | 7/30/09 (11:57) | |
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| | In response to post by P. J. Trader Strategies of 7/30/09 (11:56) I like that. So, what is the maximum amount of time that I can set the time for? and does trader68 have a feature like this?
Thanks
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| | In response to post by P. J. Trader Strategies of 7/30/09 (11:57) I meant "timer"
There is no maximum value for that setting in TradeBullet, but I don't recommend anything above 30 seconds unless the system trades very slowly. |
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| Subject: | The Convert Limit Into Market Option on TradeBulle |
| Posted by: | P. J. Trader Strategies ( C2 Score: 956) |
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| When: | 7/30/09 (15:36) | |
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| | In response to post by Francis Gingras of 7/30/09 (13:48) There is no maximum value for that setting in TradeBullet, but I don't recommend anything above 30 seconds unless the system trades very slowly.
Yes, but my system doesn't use limit orders the way the average Joe does so in my case the higher the second count the better. Under my system all limit orders should execute if a C2 generated market order doesn't run an interference. So, this tradebullet feature is excellent news!
So, what about trader68, does it have a feature like this also? |
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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.
