Place and manage orders for multiple accounts
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Place and manage orders for multiple accounts


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Created July 7th 2019 by kingkahn
Updated March 19th 2020 by zoticus
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Place and manage orders for multiple accounts

  #1 (permalink)
Frankfurt, Hessen/Germany
 
Trading Experience: Advanced
Platform: Tradestation, NinjaTrader
Broker/Data: TS, CQG, Rithmic
Favorite Futures: NQ, YM, CL
 
Posts: 5 since Sep 2015
Thanks: 2 given, 2 received

Place and manage orders for multiple accounts

Hi all,

I am looking for a software platform to place and subsequently manage orders (with brackets) for multiple accounts.

Ninja7 has Group Accounts, which lets me place orders for multiple account. However, any subsequent change of my targets and stops will have to be manually done for each account. As I am scalping, this can be difficult.

I came across VolFix.com that allows you to place and manage orders with a master-slave template. I only tested it for 2 hours but the management of targets and stops is not stringent (maybe I do something wrong here).

Does anyone has a good solution that works reliable?

Thanks for your help!

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  #2 (permalink)
Frankfurt, Hessen/Germany
 
Trading Experience: Advanced
Platform: Tradestation, NinjaTrader
Broker/Data: TS, CQG, Rithmic
Favorite Futures: NQ, YM, CL
 
Posts: 5 since Sep 2015
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Yes, That is exactly what I am looking for!

How does that work? Can you do that with more than 2 accounts?

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  #3 (permalink)
Administrator: Retired Backtester
Rennes France
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
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kingkahn View Post
Yes, That is exactly what I am looking for!

How does that work? Can you do that with more than 2 accounts?

There are a lot of different options to duplicate trade: replace the ChartTrader buttons, let two indicators communicate through pipes, sockets or whatever, ...
For the fun I use a method which is an indicator scanning for orders sent/cancel/changed from a master account.
The quantity can be changed on each slave, but the instrument has to be the same (it could make sense between mini/micro futures for example).

It has be tested carefully and I'm looking for beta testers, who can test it IN SIMULATION MODE!
When it will look stable I'll publish it in the downloads section.

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  #4 (permalink)
Northampton, UK
 
Trading Experience: Advanced
Platform: ESignal, MTPredictor, ninja
Broker/Data: eSignal, IB
Favorite Futures: Emini ES & NQ
 
Posts: 14 since Jul 2012
Thanks: 1 given, 3 received

That's pretty mich exactly ehat I was looking for but for NT7.

However, I'd be happty to extend my considerable software IT testing and support to assist you.

I've over 30years in software product design (coding), UI design, product development, marketing and end-user sales experience.

I sincerly do not beleiev such a useful product should be "free" and that you deserve a level of compensation for your efforts.

Please fee free to contact me again.

Regards

Col. Mike

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  #5 (permalink)
Administrator: Retired Backtester
Rennes France
 
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Platform: NinjaTrader
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zoticus View Post
That's pretty mich exactly ehat I was looking for but for NT7.

However, I'd be happty to extend my considerable software IT testing and support to assist you.

I've over 30years in software product design (coding), UI design, product development, marketing and end-user sales experience.

I sincerly do not beleiev such a useful product should be "free" and that you deserve a level of compensation for your efforts.

Please fee free to contact me again.

Regards

Col. Mike

I think I wrote the same thing for NT7 years ago, but with a different internal logic. I'll check if I update the NT7 version to the new logic used, which is smarter.

The important thing to keep in mind with this kind of tool is that's it's not very smart: it will copy the trades on the slave(s) account(s) from the master account whatever the fills themselves. So the partial fills, no fills at all, different slippage, ..., has to be managed by the human being the keyboard.

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  #6 (permalink)
Northampton, UK
 
Trading Experience: Advanced
Platform: ESignal, MTPredictor, ninja
Broker/Data: eSignal, IB
Favorite Futures: Emini ES & NQ
 
Posts: 14 since Jul 2012
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sam028 View Post
I think I wrote the same thing for NT7 years ago, but with a different internal logic. I'll check if I update the NT7 version to the new logic used, which is smarter.

The important thing to keep in mind with this kind of tool is that's it's not very smart: it will copy the trades on the slave(s) account(s) from the master account whatever the fills themselves. So the partial fills, no fills at all, different slippage, ..., has to be managed by the human being the keyboard.

---------------

Of course - The human at this level of sophistication should always be involved in their trade amnagement. I fully understand that the slaves will not only experience a delay from the initial order but it may be quite ulikely the same number of shares are available at the executed price or indeed contracts if dealing in futures. Slippage is almost a certain, especially in illiquid markets.

If you do have an NT7 version, that would be great. Also happy to review the NT8 version in beta when you are ready.

You can contact me directly through here or via my email address mike.rickards@zoticus.co.uk.

Mike

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  #7 (permalink)
Los Angeles, CA /USA
 
Trading Experience: Master
Platform: Sierra, CQG, Gain, Transa
Favorite Futures: Crude Oil
 
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Posts: 165 since Mar 2013
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kingkahn View Post
Hi all,

I am looking for a software platform to place and subsequently manage orders (with brackets) for multiple accounts.

Ninja7 has Group Accounts, which lets me place orders for multiple account. However, any subsequent change of my targets and stops will have to be manually done for each account. As I am scalping, this can be difficult.

I came across VolFix.com that allows you to place and manage orders with a master-slave template. I only tested it for 2 hours but the management of targets and stops is not stringent (maybe I do something wrong here).

Does anyone has a good solution that works reliable?

Thanks for your help!

We also offer something called Block accounts to our clients. You can trade multiple accounts under one block, and if you were to make any changes to your existing orders, the changes would be done automatically for all accounts under the block account and would not have to be done manually. Of course it would be under a different platform. Please PM me if you have any questions!

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #8 (permalink)
Northampton, UK
 
Trading Experience: Advanced
Platform: ESignal, MTPredictor, ninja
Broker/Data: eSignal, IB
Favorite Futures: Emini ES & NQ
 
Posts: 14 since Jul 2012
Thanks: 1 given, 3 received

Have you done any further development ?

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  #9 (permalink)
Administrator: Retired Backtester
Rennes France
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
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Posts: 3,615 since Jun 2009
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zoticus View Post
Have you done any further development ?

Yes, it seems to work well now.

I still have to update it so a popup is created when the slave position differs too much from the master position (when the target or stop orders of an ATM in the master is executed, while it's not on the slave for example), and remove quantity ratio < 1 (for example with a ratio of 0.5 buy 2 ES on the master means buy 1 MES on the slave). This ratio thing is working well unless with a master quantity of 3 and a ratio of 0.5, with an ATM on the target with 3 targets. The ATM goes mad, which is understandable. I'm planning to do these updates tomorrow.

The next step will be to have the same functionalities but with the slave(s) on another Ninja instance, on another machine, so adding a communication layer for this. This will be longer and more complex to code and to test (mainly the error management because the master can go down, the slave can go down, the network can be sluggish, etc).

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  #10 (permalink)
Northampton, UK
 
Trading Experience: Advanced
Platform: ESignal, MTPredictor, ninja
Broker/Data: eSignal, IB
Favorite Futures: Emini ES & NQ
 
Posts: 14 since Jul 2012
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Hi - Still happy to help and test for usability and practicability.


Hi - Still happy to help
Happy to assist in testing alongside you as I'm sure two keen brains are better than one.

It also helps to see through the blindness of software development where the concentration of solving a problem creates a focussed-projection of outcomes which are more-often-than-not, undesirable to the end-user.

All the best.

Col. Mike

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