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MarketPosition Matching
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Created: by no erocla Attachments:0

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MarketPosition Matching

  #1 (permalink)
Trading for Fun
turin italy
 
Futures Experience: Advanced
Platform: metatrader multichart
Favorite Futures: futures
 
Posts: 96 since May 2013
Thanks: 43 given, 4 received

MarketPosition Matching

Hello guys,

i have 2 EURUSD Charts on my MC, with 2 indipendent trading system.

If they both enter on the market, position matching on broker (interactive broker) turn FALSE because:
  • Trading System 1 ---> StrategyPosition = 100k
  • Trading System 2 ---> StrategyPosition = 120k
  • BrokerPosition (EURUSD)= 100 + 120 = 220k

So the question is: my trading system will works correctly at market ? they will sell correctly and separately 100k and 200k ?

Thank you for any answer

Regards
No Erocla

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  #2 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,534 since Apr 2013
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Forum Reputation: Legendary

No Erocla,

yes, it will work correctly, the charts are independent from each other. This is give that the systems are totally independent from each other, too.
My advise would be to always test something like that in a simulated environment or with very little money, so you know how it behaves before trading regular lot sizes with it.

Regards,
ABCTG

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  #3 (permalink)
Trading for Fun
turin italy
 
Futures Experience: Advanced
Platform: metatrader multichart
Favorite Futures: futures
 
Posts: 96 since May 2013
Thanks: 43 given, 4 received


Thank you very much for reply,

today i tested it, i had 2 long orders on eurusd with 2 different stoploss/takeprofit.

Interactive Brokers MP is a mean of this 2 orders, and oco seems works correctly on broker, but not in mc !
On MC i still have 2 opened orders and 4 limit order, why this ? i rebooted mc and this doesn t change.

thank you again

Daniel

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  #4 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,534 since Apr 2013
Thanks: 231 given, 855 received
Forum Reputation: Legendary

Daniel,

I am not sure if I correctly understand the situation in MC. Is the position still open at IB? If so you should see two entries and 4 orders (two limit and two stop for each OCO bracket) in my opinion.
What would you expect at MC?

Can you post screenshots of the situation in IB and MC?

Regards,
ABCTG

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  #5 (permalink)
Trading for Fun
turin italy
 
Futures Experience: Advanced
Platform: metatrader multichart
Favorite Futures: futures
 
Posts: 96 since May 2013
Thanks: 43 given, 4 received

Yes ABC, see what happen in paper trading:

This is on MC: Gyazo - a51ed9365a9f02880b7a5c8a5827b678.png
And this on IB: Gyazo - b24032bfc66f4467cc1ea73ae3a9c3ef.png

Thank you again
No Erocla

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  #6 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,534 since Apr 2013
Thanks: 231 given, 855 received
Forum Reputation: Legendary

No Erocla,

so you have entered two short trades via MC and they have both a different stop and target. That's what MC shows. This is something that I would expect the program to do. It will just display all orders for the same instrument on every chart you set the orders to be visible. The odd thing with that is that you can't seem to cancel the closer stop and target as the "X" is greyed out.

In IB it seems you only have one stop and one target, correct? It's hard to say from the screenshot what happened to the other two orders and what the total size of the position in IB is.

The Order & Position Tracker is useful to see what happened, maybe it can give you a clue. I have seen something similar before on my end. The order was still shown on the chart, but cancelled at the broker. However in the order and position tracker it was still shown as "cancel pending". A restart didn't help either, but the order was gone the next day.

Regards,
ABCTG

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  #7 (permalink)
Trading for Fun
turin italy
 
Futures Experience: Advanced
Platform: metatrader multichart
Favorite Futures: futures
 
Posts: 96 since May 2013
Thanks: 43 given, 4 received

Hi guys, i write here because the question is correlated.

Anyone know how IB/MC works when receive an opposite signal order on the same instrument ? For example:

Chart A: i'm Long EUR.USD At 1.37000 with 100k
Chart B: short - 150k EUR.USD At market (1.38000)

In this case MC closes old buy signal opening a new short position of -250k. This isn't correct for me, because i would like (and i think that is more correct) that my exposure on market is -50K.

Anyway my question is different.

When my short order (chart B) will be closed, my old 100k buy position will be restored at the current market price:
so, what happen if my new short position go above/belove stoploss/takeprofit of my old buy position ?


Thank you for any answer

Regards
No erocla

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