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Old 12-04-2011, 10:18 PM   #1

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Going Live but Not Wanna Use Tradestation

Hello guys,

I designed a system using EasyLanguage that solely trades ES, however it makes less than 50 trades a year in average. I don't want to be charged for $100 platform fee and $20 data fee every month by tradestation. Are there any cheaper brokers out there that support easylanguage. If no, how do your guys manage to pay less fees and commissions? Do you convert your codes to other languages and use a different broker?

Also, I tried to make the test result look realistic..so I checked "Fill entire order when trade price exceeds limit price" (1st attachment), however I didn't apply any slippage to the market orders. If I put in $0.25, it will apply a tick of slippage to my limit orders as well which is not what I wanted. Does anyone have the same issue?

Thanks
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Old 12-05-2011, 12:41 AM   #2

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Re: Going Live but Not Wanna Use Tradestation

Quote:
Originally Posted by feng2088 »
Hello guys,

I designed a system using EasyLanguage that solely trades ES, however it makes less than 50 trades a year in average. I don't want to be charged for $100 platform fee and $20 data fee every month by tradestation. Are there any cheaper brokers out there that support easylanguage. If no, how do your guys manage to pay less fees and commissions? Do you convert your codes to other languages and use a different broker?

Also, I tried to make the test result look realistic..so I checked "Fill entire order when trade price exceeds limit price" (1st attachment), however I didn't apply any slippage to the market orders. If I put in $0.25, it will apply a tick of slippage to my limit orders as well which is not what I wanted. Does anyone have the same issue?

Thanks
you can get multicharts and hook it up to any one of the supported brokers.
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Old 12-05-2011, 03:08 AM   #3

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Re: Going Live but Not Wanna Use Tradestation

at 50 trades a year...now that you have back tested it why do you need a platform at all. It sounds like you want a cheap data source that you can test if signals have occured live.
Plus at $20 per month, its unlikely to get cheaper than that for anything decent.
If the system is profitable, and you cant cover $20 then I suggest you have bigger problems - like no capital.
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Old 12-05-2011, 11:40 AM   #4

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Re: Going Live but Not Wanna Use Tradestation

Quote:
Originally Posted by feng2088 »
Hello guys,

I designed a system using EasyLanguage that solely trades ES, however it makes less than 50 trades a year in average. I don't want to be charged for $100 platform fee and $20 data fee every month by tradestation. Are there any cheaper brokers out there that support easylanguage. If no, how do your guys manage to pay less fees and commissions? Do you convert your codes to other languages and use a different broker?

Also, I tried to make the test result look realistic..so I checked "Fill entire order when trade price exceeds limit price" (1st attachment), however I didn't apply any slippage to the market orders. If I put in $0.25, it will apply a tick of slippage to my limit orders as well which is not what I wanted. Does anyone have the same issue?

Thanks
We at can help you run an easy language scripts so you dont have to run into all the expenses you mentioned above. more about this : Automated Futures Systems

Matt

There is a substantial risk of loss in futures trading.
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Old 12-05-2011, 04:27 PM   #5
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Re: Going Live but Not Wanna Use Tradestation

mattz that looks like a viable option.
Tams, so is a MC solution...

However feng2088, if your automation is truly stable on TS (no small accomplishment, btw)and, for various reasons, you prefer to keep it inhouse, you might consider just manually generating the remaining turns you need each month to meet the minimum 10… using non correlated methods…just for practice.
Example: I go on vacation for up to 6 weeks around June every year and still schedule a click in to TS to make a few multiple contract trades to avoid that fee – sometimes on the last possible day and more than once in about 10 seconds during the last 5 minutes of the window of a month…(one year even had my daughter do it when I was out of country and access)
It really is no big deal. Click into a little momentum, OSO a very small stoploss (and quick profit if you like) … on balance across time, I bet you can beat the fee

...Developing in TS and then using another platform is to me sort of like putting a Honda engine into a Dodge truck… good engine wrong vehicle... unbelievable the possible unforeseen gotchas and consequences…

hth
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Old 12-05-2011, 08:42 PM   #6

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Re: Going Live but Not Wanna Use Tradestation

I should have been more specific: We can trade it via any machine however the execution happens with our clearing. We will generate the EXACT same signals and executed in real time. That way there will be no minimum to trade.

If you have a successful strategy and you want to offer it to other clients for a fee, we can always help with that. But, it's a personal choice.

We have a process we go through: We will run the system for a period of time and see if all signals match and then we can route the signals to your funded account with us. You can deliver your code protected, and we have no issue signing an NDA to protect you.

Matt

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Old 12-06-2011, 09:02 AM   #7

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Re: Going Live but Not Wanna Use Tradestation

Quote:
Originally Posted by feng2088 »
Hello guys,

I designed a system using EasyLanguage that solely trades ES, however it makes less than 50 trades a year in average. I don't want to be charged for $100 platform fee and $20 data fee every month by tradestation. Are there any cheaper brokers out there that support easylanguage. If no, how do your guys manage to pay less fees and commissions? Do you convert your codes to other languages and use a different broker?

Also, I tried to make the test result look realistic..so I checked "Fill entire order when trade price exceeds limit price" (1st attachment), however I didn't apply any slippage to the market orders. If I put in $0.25, it will apply a tick of slippage to my limit orders as well which is not what I wanted. Does anyone have the same issue?

Thanks
Happy to help you port the system to another platform, just PM me

Best

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Old 12-06-2011, 11:15 AM   #8

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Re: Going Live but Not Wanna Use Tradestation

feng2088,
be careful feng2088, it is easy to open a tradestation protected tading system (russian are the most skilled at this ;-)
And ND agreement is worthless, once someone has opened your system, he can use it plain vanilla or modify it. You have no chance to do anything.
Do not send the code outside your pc. And even protect it with a good firewall and antivirus.
Be careful.
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