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Trading Multiple Accounts - TradeStation


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Trading Multiple Accounts - TradeStation

  #1 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
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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)
 
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 SMCJB 
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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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  #4 (permalink)
 ahrink 
Park Ridge IL
 
Experience: Intermediate
Platform: NT,MC,Andromeda,R Trader
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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://colohouse.com/

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

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  #5 (permalink)
 
vmodus's Avatar
 vmodus 
Somewhere, Delaware, USA
 
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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's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
Posts: 1,271 since Feb 2017
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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://colohouse.com/

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's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,041 since Dec 2013
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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
 
Posts: 3,647 since Jul 2012
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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's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
Posts: 1,271 since Feb 2017
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Thanks Received: 2,853


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's Avatar
 vmodus 
Somewhere, Delaware, USA
 
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
Posts: 1,271 since Feb 2017
Thanks Given: 2,958
Thanks Received: 2,853



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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