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Setup Dedicated Machine Chicago - My experience
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Setup Dedicated Machine Chicago - My experience

  #121 (permalink)
Trading Apprentice
Rotterdam/Germany
 
Futures Experience: Beginner
Platform: OEC
Favorite Futures: ES
 
Posts: 32 since Jan 2013
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MWinfrey View Post
So, the automated trading is untouched. That's good. It is getting the full benefit of using the VPS.

Now to address you manual trading. I think you said you use limit orders. If this is correct, do you place them ahead of time and leave the alone?

Yes, in most cases is place my order ahead and when i get filled i adjust my limit and stop. In some cases i also try to use market order and i adjust my limit depending on market conditions

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  #122 (permalink)
Elite Member
Lubbock TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Stage 5 Trading
Favorite Futures: CL
 
MWinfrey's Avatar
 
Posts: 1,879 since Jul 2009
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Elite View Post
Yes, in most cases is place my order ahead and when i get filled i adjust my limit and stop. In some cases i also try to use market order and i adjust my limit depending on market conditions

Limits placed ahead of time are ok. They will get the full benefit of using the VPS. Market orders probably won't and for explanation I refer you back to https://futures.io/brokers-data-feeds/11342-setup-dedicated-machine-chicago-my-experience-12.html#post298597

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  #123 (permalink)
Trading Apprentice
Rotterdam/Germany
 
Futures Experience: Beginner
Platform: OEC
Favorite Futures: ES
 
Posts: 32 since Jan 2013
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MWinfrey View Post
Limits placed ahead of time are ok. They will get the full benefit of using the VPS. Market orders probably won't and for explanation I refer you back to https://futures.io/brokers-data-feeds/11342-setup-dedicated-machine-chicago-my-experience-12.html#post298597

Yes for manual it's no problem but for automation unfortunately i don't get the benefit. It looks the same like i am trading from home without any co location

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  #124 (permalink)
Elite Member
Lubbock TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Stage 5 Trading
Favorite Futures: CL
 
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Posts: 1,879 since Jul 2009
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Elite View Post
Yes for manual it's no problem but for automation unfortunately i don't get the benefit. It looks the same like i am trading from home without any co location

Is your automated trading is using limit orders or stoplimit orders?

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  #125 (permalink)
Trading Apprentice
Rotterdam/Germany
 
Futures Experience: Beginner
Platform: OEC
Favorite Futures: ES
 
Posts: 32 since Jan 2013
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MWinfrey View Post
Is your automated trading is using limit orders or stoplimit orders?

It uses stop/limit orders. on each trade i go in it automatically puts a stoplimit and a limit order.

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  #126 (permalink)
Elite Member
Lubbock TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Stage 5 Trading
Favorite Futures: CL
 
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Posts: 1,879 since Jul 2009
Thanks: 1,449 given, 3,306 received


Elite View Post
It uses stop/limit orders. on each trade i go in it automatically puts a stoplimit and a limit order.

That's not what I was asking. Your automated strategy enters the market using what kind of order? Is it a limit order or a stoplimit order.

Based on what I remember your original post was, it sounds like it's using limit orders to enter with. That means price must go through the limit order in order to fill. There time when price passes or skips a limit order and does not fill. If the automated strategy does not cancel the entry order and price comes back to the entry order, the entry order may be filled.

None of this has anything to do with the VPS or it's efficiency.

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  #127 (permalink)
Trading Apprentice
Rotterdam/Germany
 
Futures Experience: Beginner
Platform: OEC
Favorite Futures: ES
 
Posts: 32 since Jan 2013
Thanks: 0 given, 0 received


MWinfrey View Post
That's not what I was asking. Your automated strategy enters the market using what kind of order? Is it a limit order or a stoplimit order.

Based on what I remember your original post was, it sounds like it's using limit orders to enter with. That means price must go through the limit order in order to fill. There time when price passes or skips a limit order and does not fill. If the automated strategy does not cancel the entry order and price comes back to the entry order, the entry order may be filled.

None of this has anything to do with the VPS or it's efficiency.

It uses limit orders yes. So price must go indeed through to get filled. yes when price comes back then i gets filled. So what kind of order must i use to get the efficiecy of the vps?

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  #128 (permalink)
Elite Member
Lubbock TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
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Elite View Post
It uses limit orders yes. So price must go indeed through to get filled. yes when price comes back then i gets filled. So what kind of order must i use to get the efficiecy of the vps?

You are getting the efficiency of the VPS...

Regardless what type of order your automated strategy uses, having the automated strategy located on the VPS collocated with the exchange will get the order to the exchange faster than it will coming from anywhere else in the world.

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  #129 (permalink)
Trading Apprentice
Rotterdam/Germany
 
Futures Experience: Beginner
Platform: OEC
Favorite Futures: ES
 
Posts: 32 since Jan 2013
Thanks: 0 given, 0 received


MWinfrey View Post
You are getting the efficiency of the VPS...

Regardless what type of order your automated strategy uses, having the automated strategy located on the VPS collocated with the exchange will get the order to the exchange faster than it will coming from anywhere else in the world.

Then why does the opener of the thread almost never needs to jump in and i had many jump ins in only the first 2 weeks?

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  #130 (permalink)
Elite Member
Lubbock TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Stage 5 Trading
Favorite Futures: CL
 
MWinfrey's Avatar
 
Posts: 1,879 since Jul 2009
Thanks: 1,449 given, 3,306 received



Elite View Post
Then why does the opener of the thread almost never needs to jump in and i had many jump ins in only the first 2 weeks?

I'll try this again. When using limit orders, there are times when limit orders are skipped. The only way to guarantee entry is to use either stoplimit or market orders.

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