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Daytradr + Trade Copier = Disaster and failure


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Daytradr + Trade Copier = Disaster and failure

  #1 (permalink)
 tr8d3r 
Sydney+Australia
 
Experience: Beginner
Platform: NinjaTrader + daytradr
Trading: futures
Posts: 74 since Feb 2014
Thanks Given: 82
Thanks Received: 112

Anyone here who uses Daytradr and FlowBots Trade Copier and have success with it? Please share it.


I keep hearing that some people who is doing Apex, Leelloo and other running 10+ accounts I wonder how.

Here is what I discovered in two hours trading funded accounts.

My main account is green but the account i'm copying trades to is in Red.

Here is a list of scenario's that lead to disaster.

Daytradr configured with a strategy, it is always constant 10 ticks SL. 5 Ticks 1 target and 10 ticks the second target.

First problem when order is filled. You only going to see in NT8 DOM The stop loss and the second target order. So strategy is not coming across correctly. I figure out the work around. all you need is move the orders around(one tick higher or lower) in my Daytradr DOM and they will appear in NT8.

Not an ideal situation for someone who monitors the tape constantly. Imagine to keep an eye on 10 funded accounts.

Second issue i've discovered when Main account is filled but the order in a copied account is not. What you are going to face is NT will fill your 2nd target(as Opening Position) when you are actually getting out of a position in the main account. Surprise, Surprise

It is quite a big issue if you are managing multiple account because there is NO way you can monitor it all. Unless of course you are going to hire a person to keep an eye on it LOL

Third issue is rare but it happens, at least i just got burned on it a few min ago. So when market is moving in Daytradr you can click on the ladder and SL order will be shifted to the price you clicked. In some scenarios when Daytradr re-center that second order can be place higher or lower but there is no chance for copied account to catch on the shift and it gets filled at the price it was before the order was changed on the Main account.


So you can guess that it leads to the failure of the funded accounts you have with that online prop shops.

This is what i've discovered in two hours. I guess it could be some other hidden issues.

Looks like the dream of running multiple accounts is going to the drain

Anyone here have success with it ??? Or may be some work around.

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  #2 (permalink)
 planetkill 
New York City + NY/United States
 
Posts: 347 since Sep 2018
Thanks Given: 107
Thanks Received: 294


tr8d3r View Post
Anyone here who uses Daytradr and FlowBots Trade Copier and have success with it? Please share it.


I keep hearing that some people who is doing Apex, Leelloo and other running 10+ accounts I wonder how.

Here is what I discovered in two hours trading funded accounts.

My main account is green but the account i'm copying trades to is in Red.

Here is a list of scenario's that lead to disaster.

Daytradr configured with a strategy, it is always constant 10 ticks SL. 5 Ticks 1 target and 10 ticks the second target.

First problem when order is filled. You only going to see in NT8 DOM The stop loss and the second target order. So strategy is not coming across correctly. I figure out the work around. all you need is move the orders around(one tick higher or lower) in my Daytradr DOM and they will appear in NT8.

Not an ideal situation for someone who monitors the tape constantly. Imagine to keep an eye on 10 funded accounts.

Second issue i've discovered when Main account is filled but the order in a copied account is not. What you are going to face is NT will fill your 2nd target(as Opening Position) when you are actually getting out of a position in the main account. Surprise, Surprise

It is quite a big issue if you are managing multiple account because there is NO way you can monitor it all. Unless of course you are going to hire a person to keep an eye on it LOL

Third issue is rare but it happens, at least i just got burned on it a few min ago. So when market is moving in Daytradr you can click on the ladder and SL order will be shifted to the price you clicked. In some scenarios when Daytradr re-center that second order can be place higher or lower but there is no chance for copied account to catch on the shift and it gets filled at the price it was before the order was changed on the Main account.


So you can guess that it leads to the failure of the funded accounts you have with that online prop shops.

This is what i've discovered in two hours. I guess it could be some other hidden issues.

Looks like the dream of running multiple accounts is going to the drain

Anyone here have success with it ??? Or may be some work around.

I thought FlowBots Trade Copier only worked with NinjaTrader

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  #3 (permalink)
 
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 Brookwood 
Brooklyn, NY
 
Experience: Intermediate
Platform: Sierra
Trading: GC, CL, Indexes
Posts: 21 since Jun 2010
Thanks Given: 50
Thanks Received: 8


The Anti-K.I.S.S Strategy

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