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TT's Avg Entry Price issue
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TT's Avg Entry Price issue

  #1 (permalink)
Elite Member
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TT's Avg Entry Price issue

Has anyone noticed an issue with TT's average entry price? It seems that for about a week now TT uses the average of all the day's same-direction entry prices for the current trade's average entry price. This can be real scary as you see your open P/L in the red by several thousand dollars. When the trade is flat, everything is accurate.

I use Velocity Futures and Sierra Charts and this showed up with a huge difference between the Internal and Actual values on the Trade Window. The Internal fields are calculated by Sierra, but the entry price in the Actual field is from the TT feed. (The Actual P/L is calculated by SC based on the Actual from TT).

I also noticed that Velocity's Customer Portal reported the same discrepancy. And apparently it is also affecting X-Trader users. Here's a thread on Sierra's forum about this:
Internal vs Actual issue - Sierra Chart

If TT has a issue then it seems other brokers who supply their data would also be affected.

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  #2 (permalink)
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  #3 (permalink)
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Thanks for posting. I noticed this too!

It has been driving me a bit insane, trying to figure out what is going on.

On a side note, do you concur that Velocity's portal is reporting PnL based on FIFO and not based on the 'actual' orders being executed via the SC DOM? For example, if my first lot is long at 1.4000 and then I take my fifth lot off for what should be +8 ticks at 1.4001, the portal shows a PnL of +0.0001 instead of +0.0008. Of course it all evens out in the end when you get flat, just a minor annoyance. I say minor, but it actually screws up the Velocity reporting tools on the portal for things like Win %.

Mike

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  #4 (permalink)
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How bizarre that Sierra Charts has to beg to get Velocity and TT to take the issue seriously.

The Sierra Charts engineer comes right out and implies that they're dealing with a boob at TT.

I've used SC for charting for a month now and am amazed and grateful at how stable it is.

Was hoping next January to hook up SC with Velocity via TT so hope things are fixed up by then.

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  #5 (permalink)
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There is at least one TT engineer (very smart) on the forum, I'll send him a PM and see if he has any influence for resolution.

Mike

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  #6 (permalink)
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BigMike I hope Velocity's already done that.

Doesn't really sound like it on the SC thread though.

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  #7 (permalink)
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I'm starting to have second thoughts about saying that SC is dealing with a boob at TT.

It's one thing for SC on their product forum to be candid about what they're experiencing in dealing with TT and another thing for me to characterize it in such a negative way. SC sure didn't say the TT person was a boob.

With that said how could TT and Velocity not have accountable individuals ready to address any issue Sierra Charts brings to them. TT and Velocity couldn't buy a better partner who concisely addresses software issues.


Last edited by Poocher; September 10th, 2011 at 03:59 PM.
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  #8 (permalink)
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Big Mike View Post
Thanks for posting. I noticed this too!

It has been driving me a bit insane, trying to figure out what is going on.

On a side note, do you concur that Velocity's portal is reporting PnL based on FIFO and not based on the 'actual' orders being executed via the SC DOM? For example, if my first lot is long at 1.4000 and then I take my fifth lot off for what should be +8 ticks at 1.4001, the portal shows a PnL of +0.0001 instead of +0.0008. Of course it all evens out in the end when you get flat, just a minor annoyance. I say minor, but it actually screws up the Velocity reporting tools on the portal for things like Win %.

Mike


Hi Mike,

I haven't noticed Velocity's portal doing anything weird until Friday Sept 2. But I'm not sure I understand your example. If you enter at 1.4000 and exit at 1.4001, it's only 1 tick.

As for the avg entry price, it's incredible TT doesn't recognize there's a problem. Interestingly, when I attended your X-Trader webinar, I wasn't impressed with TT's presentation nor knowledge of their own product. However, for what I do I like their data feed. It's reliable and commensurate with Zenfire. And I use Sierra for charting and order entry.

-Tom

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  #9 (permalink)
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I meant a later lot added so that the exit should be 8 ticks, but portal seems to be FIFO.

Sent from my DROIDX using Tapatalk

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #10 (permalink)
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Big Mike View Post
I meant a later lot added so that the exit should be 8 ticks, but portal seems to be FIFO.

Sent from my DROIDX using Tapatalk

I never scale in, so I haven't noticed what Velocity's portal does with this.

Sierra handles scale-ins by averaging the entry price of all the entries until flat. TT should be doing something similar, but now that TT doesn't start the average over when flat (only at the EOD), who knows what they're doing.

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