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Capping Size in Tradestation


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Capping Size in Tradestation

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  #1 (permalink)
Valencia (SPAIN)
 
Experience: Intermediate
Platform: SierraChart
Broker: Interactive Brokers / Infinity / Optimus
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SamJames's Avatar
 
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I am quite new to Tradestation, is there a way to cap the number of contracts that we buy/sell in one single order? or the number of open positions that we have?
I can do this easily in sierra, but I do not find something similar in Tradestation.

I am using tradestation to trade for TopStep Trader and in order to respect the scaling rules of phase 2, I would like the platform to prevent me to put on too much size.

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  #2 (permalink)
Legendary Market Wizard
Somewhere, Delawhere, USA
 
Experience: Intermediate
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Trading: My kids, VX, Eurodollar
 
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SamJames View Post
I am quite new to Tradestation, is there a way to cap the number of contracts that we buy/sell in one single order? or the number of open positions that we have?
I can do this easily in sierra, but I do not find something similar in Tradestation.

I am using tradestation to trade for TopStep Trader and in order to respect the scaling rules of phase 2, I would like the platform to prevent me to put on too much size.

Can you clarify if you are trading discretionary, or automated using strategies?

~vmodus

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  #3 (permalink)
Valencia (SPAIN)
 
Experience: Intermediate
Platform: SierraChart
Broker: Interactive Brokers / Infinity / Optimus
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
SamJames's Avatar
 
Posts: 60 since Feb 2018
Thanks: 11 given, 81 received


I am trading discretionary, I used to trade with SierraChart and I could cap the quantity of contracts that I would trade per each symbol. In this way I could avoid breaking rules in the TST.

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  #4 (permalink)
Legendary Market Wizard
Somewhere, Delawhere, USA
 
Experience: Intermediate
Platform: TradeStation,Sierra Chart
Broker: Tradestation Securities
Trading: My kids, VX, Eurodollar
 
vmodus's Avatar
 
Posts: 808 since Feb 2017
Thanks: 1,499 given, 1,469 received


SamJames View Post
I am trading discretionary, I used to trade with SierraChart and I could cap the quantity of contracts that I would trade per each symbol. In this way I could avoid breaking rules in the TST.

Okay, so open the TradeManager, click Settings, then choose what you are trading (Futures, etc.), then set your order entry preferences. I think what you want is under 'Validations & Confirmations'. You may also want to check out the 'Trading' section, too.



I do not think it creates a hard cap, but forces you to acknowledge going over a specified amount. I hope this helps.

~vmodus

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  #5 (permalink)
Valencia (SPAIN)
 
Experience: Intermediate
Platform: SierraChart
Broker: Interactive Brokers / Infinity / Optimus
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
SamJames's Avatar
 
Posts: 60 since Feb 2018
Thanks: 11 given, 81 received

After trying Tradestation for one month I decided that the platform for me has no added value.The platform is slow, it get stucked at least 3 times per day and I was having a lot of warning for everything..... I hated it.
This is the second time I try this platform and I am always let down, maybe the problem is that for European clients the datafeed iis not so reliable.
Maybe it's good for swing traders, no idea really.

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