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Ghost trades

  #1 (permalink)
kk240
Europe,Nomad
 
Posts: 84 since Nov 2010
Thanks Given: 25
Thanks Received: 30

Have you seen Ghosts ?

AMP vs Mirus thread are horror stories about Ghost Trades.
I had once ghost trade what ninja did'nt show me, GNI futures and Patsystems, I quit using ninja for placing orders.
Also many times during market open ninja rejected orders, and sometimes it told me there is no position, even there was position.

But now with AMP I am placing again orders with ninja.
For that reason every day I close ninja and restart ninja and try to double check, if there is open positions.
Its really silly.

My friend had expensive Ghost trade couple months ago with Mirus.
This Ghost story scared me

I have been client for Dukascopy for 1 and half year. zero downtime, zero technical problems. It is possible to create a reliable trading platform.

For me this is rising question is this problem with platform or broker servers or something else.

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  #3 (permalink)
 
madLyfe's Avatar
 madLyfe 
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
Posts: 1,641 since Feb 2011
Thanks Given: 9,220
Thanks Received: 1,020



kk240 View Post
Have you seen Ghosts ?

AMP vs Mirus thread are horror stories about Ghost Trades.
I had once ghost trade what ninja did'nt show me, GNI futures and Patsystems, I quit using ninja for placing orders.
Also many times during market open ninja rejected orders, and sometimes it told me there is no position, even there was position.

But now with AMP I am placing again orders with ninja.
For that reason every day I close ninja and restart ninja and try to double check, if there is open positions.
Its really silly.

My friend had expensive Ghost trade couple months ago with Mirus.
This Ghost story scared me

I have been client for Dukascopy for 1 and half year. zero downtime, zero technical problems. It is possible to create a reliable trading platform.

For me this is rising question is this problem with platform or broker servers or something else.


i had one on TOS awhile back.. cant remember how much money i was down, but they fixed the problem in about a half hour and refunded my money.. scary at first but once i got my cash back was no big deal..

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
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  #4 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
Posts: 1,145 since Feb 2010
Thanks Given: 304
Thanks Received: 844

You will continue to have this and other serious problems when using Ninja.

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  #5 (permalink)
 
dakine's Avatar
 dakine 
Volcano, HI
 
Experience: None
Platform: Ninja
Broker: AMP/CQG
Trading: Futura2000
Posts: 200 since Dec 2009
Thanks Given: 389
Thanks Received: 166

I was using Ninja w/ Zenfire through Dorman and I had issues where orders were being sent out in mass amounts at different price levels. It happened twice then Dorman's risk dept finally shut me down. Fortunately I made money but it was scary. I am with Amp now and have no issues so far. I am wondering if the issues these users are having is because of holding overnight positions or closing the platform with open oco orders.

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  #6 (permalink)
 AMP Trading 
Chicago
 
Posts: 40 since Feb 2011

Why ghost trades are impossible - All "Live" trades received by the exchange are logged with a time stamp, exchange order number, user IDs, IP addresses, etc... - this is the trade log being referred to. In order for an exchange to open a position, it has to receive an actual order from somewhere. All trades from the exchange are processed nightly and reflected on customers statements. This is why it is an important part of a trader's daily regime to review the daily statement and confirm each day's trading activity. This is the activity reported by the exchange for each customer.

If at any time, you have questions or discrepancies with your trading platform-Call the 24 hour trade desk immediately.

Once again, I am here in futures.io (formerly BMT) for this exact reason-to support and explain any "live" trade questions. Please call me directly 312 893 7700 or email me directly: [email protected]

Happy Trading!

Dan

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  #7 (permalink)
 
cory's Avatar
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
Thanks Given: 877
Thanks Received: 8,090


vegasfoster View Post
You will continue to have this and other serious problems when using Ninja.

I use Ninja/CQG from AMP. I do 300+ trades each month. Here is the lesson I learnt since 1995, guarantee to work for any platform, never hold any trades overnight, when in doubt shut it down to see if any message pop up, shut down and back up daily.

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  #8 (permalink)
kk240
Europe,Nomad
 
Posts: 84 since Nov 2010
Thanks Given: 25
Thanks Received: 30

Please don't disturbe this thread. Dan.
I am talking Ghost trades like those that your platform don't show traders which are active. The Trader don't have any kind of clue he/she have a position open. And some cases your platform had placed order what trader have not placed.


AMP Trading View Post
Why ghost trades are impossible - All "Live" trades received by the exchange are logged with a time stamp, exchange order number, user IDs, IP addresses, etc... - this is the trade log being referred to. In order for an exchange to open a position, it has to receive an actual order from somewhere. All trades from the exchange are processed nightly and reflected on customers statements. This is why it is an important part of a trader's daily regime to review the daily statement and confirm each day's trading activity. This is the activity reported by the exchange for each customer.

If at any time, you have questions or discrepancies with your trading platform-Call the 24 hour trade desk immediately.

Once again, I am here in futures.io (formerly BMT) for this exact reason-to support and explain any "live" trade questions. Please call me directly 312 893 7700 or email me directly: [email protected]

Happy Trading!

Dan


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Last Updated on September 7, 2011


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