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Trading Multiple Accounts - TradeStation


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Trading Multiple Accounts - TradeStation

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  #1 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: TradeStation, MultiCharts
Broker: TS Securities, OANDA
Trading: Energies, Grains, Fixed Income
 
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Posts: 1,070 since Feb 2017
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We are using TradeStation 10 and have several accounts with TradeStation Securities in the US. Does anyone know of a way we can trade multiple accounts on one platform?

I know we can with sub accounts (we have a professional account with one sub account), but we have both professional and personal accounts we are trading. I would like to keep just one PC (or virtual machine, to be precise), running all of our automated strategies.

Or alternatively, can we have multiple instances of TradeStation running on a single PC?

Any help or guidance is appreciated.

~vmodus

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  #2 (permalink)
 SMCJB 
Legendary Market Wizard
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I believe @kevinkdog has traded multiple accounts in one Tradestation instance.

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  #3 (permalink)
 kevinkdog   is a Vendor
 
 
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SMCJB View Post
I believe @kevinkdog has traded multiple accounts in one Tradestation instance.

I have traded as many as 5 accounts in one instance of Tradestation at one time. But @vmodus's case might be different, because of professional accounts and personal accounts.

You might need another instance of TS running, which then involves more data fees, etc.

Try to automate a strategy, and in the account number box, see which accounts you can access. That will tell you how they have it set up.

I will also add that margin requirements are on an account level, not an overall issue. So if you are short ES in one account, and long ES in another, then you'll need margin for each (when in reality you are flat!).

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 ahrink 
Park Ridge IL
 
Experience: Intermediate
Platform: NT,MC,Andromeda,R Trader
Broker: Optimus, CQG, AMP
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A possibility [not sure] is to get a server and remotely connect to operate all accounts from a single machine – try asking here see link bellow (im not affiliated w/them)
https://www.steadfast.net/chicago-managed-trading-servers

also this VM may be the answer
https://www.vmware.com/products/workstation-pro.html

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  #5 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: TradeStation, MultiCharts
Broker: TS Securities, OANDA
Trading: Energies, Grains, Fixed Income
 
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Posts: 1,070 since Feb 2017
Thanks: 2,336 given, 2,234 received


kevinkdog View Post
I have traded as many as 5 accounts in one instance of Tradestation at one time. But @vmodus's case might be different, because of professional accounts and personal accounts.

You might need another instance of TS running, which then involves more data fees, etc.

Try to automate a strategy, and in the account number box, see which accounts you can access. That will tell you how they have it set up.

I will also add that margin requirements are on an account level, not an overall issue. So if you are short ES in one account, and long ES in another, then you'll need margin for each (when in reality you are flat!).

Thanks! We do that with our main and sub account now.

I have a related question: Are you paying data fees only once, or for each account? We are having to pay for our main account and then our sub account. I am wondering if there is a way to just pay the fees once.

~vmodus

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  #6 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: TradeStation, MultiCharts
Broker: TS Securities, OANDA
Trading: Energies, Grains, Fixed Income
 
vmodus's Avatar
 
Posts: 1,070 since Feb 2017
Thanks: 2,336 given, 2,234 received


ahrink View Post
A possibility [not sure] is to get a server and remotely connect to operate all accounts from a single machine – try asking here see link bellow (im not affiliated w/them)
https://www.steadfast.net/chicago-managed-trading-servers

also this VM may be the answer
https://www.vmware.com/products/workstation-pro.html

Thanks. We just deployed a VM a couple weeks ago and are running our strategies live on that, to mitigate power and internet outages we may have in our office. It is working well.

~vmodus

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  #7 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
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vmodus View Post
I have a related question: Are you paying data fees only once, or for each account? We are having to pay for our main account and then our sub account. I am wondering if there is a way to just pay the fees once.

I believe the 'legal definition' is 'per user, per device'. Not being the lawyer I would think that one user, multiple accounts, and on one device counts as one user on one device. Hence one data fee

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  #8 (permalink)
 kevinkdog   is a Vendor
 
 
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vmodus View Post
Thanks! We do that with our main and sub account now.

I have a related question: Are you paying data fees only once, or for each account? We are having to pay for our main account and then our sub account. I am wondering if there is a way to just pay the fees once.

How many platform logins do you have? I thought you need data for each platform you use, not for each account or a master/sub.

I'll only ever paid for one data fee. My 2nd login is for development, so I run delayed data on that.

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  #9 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: TradeStation, MultiCharts
Broker: TS Securities, OANDA
Trading: Energies, Grains, Fixed Income
 
vmodus's Avatar
 
Posts: 1,070 since Feb 2017
Thanks: 2,336 given, 2,234 received


SMCJB View Post
I believe the 'legal definition' is 'per user, per device'. Not being the lawyer I would think that one user, multiple accounts, and on one device counts as one user on one device. Hence one data fee

Thanks. I know this applies to the platform, but I don't know if it applies to data. In other words, is there a 1:1 relationship platform:data feed.

I think @kevinkdog 's response is the answer. We are just trying to work out our topography here without paying a ton of $$ in data fees. Diversification can get expensive

~vmodus

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  #10 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: TradeStation, MultiCharts
Broker: TS Securities, OANDA
Trading: Energies, Grains, Fixed Income
 
vmodus's Avatar
 
Posts: 1,070 since Feb 2017
Thanks: 2,336 given, 2,234 received



kevinkdog View Post
How many platform logins do you have? I thought you need data for each platform you use, not for each account or a master/sub.

I'll only ever paid for one data fee. My 2nd login is for development, so I run delayed data on that.

We have two logins. I think we have worked it out.

Live trading:
We will trade both main and sub account from the VM, with the data we need, on the main TradeStation login .

Development/Testing:
We will use the second login (and probably a third, since there are two of us here), with delayed data, for development, test, optimization, et al.

Thanks @SMCJB and @kevinkdog for helping us puzzle this out. This will save a buttload in data fees.

~vmodus

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  #11 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
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Thanks: 3,398 given, 8,092 received


kevinkdog View Post
My 2nd login is for development, so I run delayed data on that.

How do you test multi data strategies then with all delayed doesn't something like data1 = @CL and data2 = @DX say you can't mix data?


vmodus View Post
Thanks. I know this applies to the platform, but I don't know if it applies to data. In other words, is there a 1:1 relationship platform:data feed.

I think @kevinkdog 's response is the answer. We are just trying to work out our topography here without paying a ton of $$ in data fees. Diversification can get expensive

For Tradestation I have two accounts and one device. If I try to login on the mobile app it will force me to logout of the desktop version because that would be two devices. (I used the to have a second login, and like Kevin it was all delayed data.)
For Trading Technologies I have 6 accounts at two different FCMs. All still one login / device though. Again if I try to login on the mobile app it will force me to logout of the desktop version because that would be two devices.


vmodus View Post
We have two logins. I think we have worked it out.

Live trading:
We will trade both main and sub account from the VM, with the data we need, on the main TradeStation login .

Development/Testing:
We will use the second login (and probably a third, since there are two of us here), with delayed data, for development, test, optimization, et al.

I think you mentioned somewhere before that you are trading within an LLC and hence subject to professional data fees? If so you may want to look into the CME Member Pay-Per-User, which allows you to have multiple devices for the same subscription fee. You need to be a member though, but you can lease a CBOT-B4 (IDEM) seat for about $20 month (which would make you a member). If you do this, may want to check whether being a member effects your tax status in anyway.

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  #12 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: TradeStation, MultiCharts
Broker: TS Securities, OANDA
Trading: Energies, Grains, Fixed Income
 
vmodus's Avatar
 
Posts: 1,070 since Feb 2017
Thanks: 2,336 given, 2,234 received


SMCJB View Post
How do you test multi data strategies then with all delayed doesn't something like data1 = @CL and data2 = @DX say you can't mix data?


For Tradestation I have two accounts and one device. If I try to login on the mobile app it will force me to logout of the desktop version because that would be two devices. (I used the to have a second login, and like Kevin it was all delayed data.)
For Trading Technologies I have 6 accounts at two different FCMs. All still one login / device though. Again if I try to login on the mobile app it will force me to logout of the desktop version because that would be two devices.


I think you mentioned somewhere before that you are trading within an LLC and hence subject to professional data fees? If so you may want to look into the CME Member Pay-Per-User, which allows you to have multiple devices for the same subscription fee. You need to be a member though, but you can lease a CBOT-B4 (IDEM) seat for about $20 month (which would make you a member). If you do this, may want to check whether being a member effects your tax status in anyway.

Thanks, this is super helpful info! We (wife and I) were discussing seat license last night, as I was looking at our trade volume for the week. We will dig into this deeper and see if this will work for us.

Thanks and have a good weekend!

~vmodus

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  #13 (permalink)
 planetkill 
New York City + NY/United States
 
 
Posts: 240 since Sep 2018
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Typical recommendation would be to wait longer before committing to that expense.

I dislike the naming, seat license. The reality nowadays is committing to about $300 per month for lower exchange side per order fees. That price level doesn't even grant you access to the floor, or any "seat".
vmodus View Post
Thanks, this is super helpful info! We (wife and I) were discussing seat license last night, as I was looking at our trade volume for the week. We will dig into this deeper and see if this will work for us.

Thanks and have a good weekend!


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  #14 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
Posts: 4,088 since Dec 2013
Thanks: 3,398 given, 8,092 received


vmodus View Post
Thanks, this is super helpful info! We (wife and I) were discussing seat license last night, as I was looking at our trade volume for the week. We will dig into this deeper and see if this will work for us.

The problem with the seats is that CME is considered to be multiple exchanges so having a seat only gives you the discount on certain contracts. They've even split COMEX and NYMEX into different exchanges now.


planetkill View Post
Typical recommendation would be to wait longer before committing to that expense.

There is an upfront transfer fee ($2000?) so you do need to be committed. But for many trades they pay for their lease many times over each month. I pay for my NYMEX seat almost every day!


planetkill View Post
I dislike the naming, seat license. The reality nowadays is committing to about $300 per month for lower exchange side per order fees. That price level doesn't even grant you access to the floor, or any "seat".

You are correct. But when there were trading privilege's attached to the seats the seats were 20x the price! And of course the only floor still open is Eurodollar Options. Everything else is shut.

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