This is what sucks about Tradestation at times, just like have a
lot of problems with Stockcharts.com, I have issues with
Tradestation. I've found over the years that Tradestation
tendst get overwhelmed at times when the market is really moving
fast, where there's tons and tons of tick data, tends to overload
their system. So yesterday the CCI trade was showing all day then
as I commented after the close the trade condition was lost and did
not occur and I sent a retraction email.
Well I reboot my computer this morning and Tradestation and
BOOM, the trade is there! It's like WTF, very annoying.
anyway after looking at emails many of you took the trade, some
did not. Some took the trade and closed out after my retraction
email while many of you kept the trade like Hoek below. So I'll add
the trade to the trade list in the SPY section.
even if the trade didn't occur, many of you who took the trade
my comments would have been you could have treated it like a second
entry to the Bear Long, which has a 1st entry at slightly higher
prices from Thursday's close.
Also could the trade have showed up had I rebooted Tradestation
yesterday? Maybe I don't know. It's also possible that
Tradestation did a data adjustment to their official SPY close that
didn't show up until much later that evening or this morning.
There's just no way to know. Also this happens to be one of
those cases where we are talking about pennies!! For example
SPY on Stockcharts closed at 326.54, if Tradestation had that close
off by a penny or two such as 326.56 it would not have showed up.
Price closed about 1 penny over the trigger price! So it was right
on the edge. Remember these statistical systems trigger by a
set of indicators and conditions that have to go over an exact
price range, just 1 penny can cause them to trigger or not trigger,
Friday's rally just happened to be strong enough that price closed
within 1 penny of triggering vs not triggering.
As far as myself rebooting Tradestation on Friday, you have to
understand that with the amount of code here, it takes about 10 -
15 min for these workspaces to open. Therefore that 13 - 15 min
threshold I have at the close for options there's just not enough
time for me to reboot tradestation and get the charts back up to
confirm.
The good thing here is that again it appears that the CCI trade
triggered by 1 penny only. That is exceedingly rare and something
may not see again for maybe years. Basically it's a very very rare
event and not something that should cause you to discount the SPY
systems.
I do not have a TS or a NT account, but I do have a TOS account.
Matt mentioned he might add the KISS system for TOS, if there
was enough interest. I would be interested in that. Any
others? Schwab is in the process of assimilating
TDAmeritrade, so we might have to petition Schwab to keep TOS
also.
Posted by timebandit on 31st of Oct 2020 at 12:39 pm
Thanks for the explanation. I can understand the frustration. We
are all pretty much dependent on these imperfect platforms. I was
having trouble with my indicators Tradestation yesterday, and I
felt like my vision was partially obscured.
I took a long trade in SPX yesterday, but not just off the CCI
system. I welcomed and used your heads up as input. I used it,
along with what I was seeing on my own charts, to help inform my
decision. I understand that the system trades are automatic. I
could automatically enter and exit them as well. I prefer to take
them as just that: input. To be honest, I feel a little bit better
about my position knowing the CCI trade did trigger. But that
feeling, as we all know, is horseshit. The only thing that matters
will be what the market does at 9:30 am ET Monday. Sure, the
futures Sunday night will mean something, but that can all change
by the next morning.
Anyway, appreciate the work you and Steve are doing.
I agree with timebandit...the systems are guidelines for us to
trade our own way. It is very helpful to have the "heads up" email
earlier in the day because it allows me to focus near the end of
the day and look for an entry. I did so like 5 mins before the
close on Friday and made an instant profit. I did sell in
afterhours and happy with the trade. In this case, since CCI did
trigger afterall, I will reenter the trade on Monday if we get
another dip.
Its all meant as a guideline and not an exact science!
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SPY systems CCI trade did occur
Posted by matt on 31st of Oct 2020 at 11:56 am
This is what sucks about Tradestation at times, just like have a lot of problems with Stockcharts.com, I have issues with Tradestation. I've found over the years that Tradestation tendst get overwhelmed at times when the market is really moving fast, where there's tons and tons of tick data, tends to overload their system. So yesterday the CCI trade was showing all day then as I commented after the close the trade condition was lost and did not occur and I sent a retraction email.
Well I reboot my computer this morning and Tradestation and BOOM, the trade is there! It's like WTF, very annoying.
anyway after looking at emails many of you took the trade, some did not. Some took the trade and closed out after my retraction email while many of you kept the trade like Hoek below. So I'll add the trade to the trade list in the SPY section.
even if the trade didn't occur, many of you who took the trade my comments would have been you could have treated it like a second entry to the Bear Long, which has a 1st entry at slightly higher prices from Thursday's close.
Also could the trade have showed up had I rebooted Tradestation yesterday? Maybe I don't know. It's also possible that Tradestation did a data adjustment to their official SPY close that didn't show up until much later that evening or this morning. There's just no way to know. Also this happens to be one of those cases where we are talking about pennies!! For example SPY on Stockcharts closed at 326.54, if Tradestation had that close off by a penny or two such as 326.56 it would not have showed up. Price closed about 1 penny over the trigger price! So it was right on the edge. Remember these statistical systems trigger by a set of indicators and conditions that have to go over an exact price range, just 1 penny can cause them to trigger or not trigger, Friday's rally just happened to be strong enough that price closed within 1 penny of triggering vs not triggering.
As far as myself rebooting Tradestation on Friday, you have to understand that with the amount of code here, it takes about 10 - 15 min for these workspaces to open. Therefore that 13 - 15 min threshold I have at the close for options there's just not enough time for me to reboot tradestation and get the charts back up to confirm.
The good thing here is that again it appears that the CCI trade triggered by 1 penny only. That is exceedingly rare and something may not see again for maybe years. Basically it's a very very rare event and not something that should cause you to discount the SPY systems.
Think or Swim!
Posted by brophy on 1st of Nov 2020 at 02:47 pm
Think or Swim!
I do not have a
Posted by skyfish on 1st of Nov 2020 at 06:53 pm
I do not have a TS or a NT account, but I do have a TOS account. Matt mentioned he might add the KISS system for TOS, if there was enough interest. I would be interested in that. Any others? Schwab is in the process of assimilating TDAmeritrade, so we might have to petition Schwab to keep TOS also.
Yes, I vote for that...I
Posted by cozz101 on 1st of Nov 2020 at 08:10 pm
Yes, I vote for that...I use TOS soley...nice platform!
I have used TOS for
Posted by steverobin on 1st of Nov 2020 at 08:05 pm
I have used TOS for 15 years
TOS version sounds great here
Posted by chipmon45 on 2nd of Nov 2020 at 12:44 pm
TOS version sounds great here too.
Thanks for the explanation. I
Posted by timebandit on 31st of Oct 2020 at 12:39 pm
Thanks for the explanation. I can understand the frustration. We are all pretty much dependent on these imperfect platforms. I was having trouble with my indicators Tradestation yesterday, and I felt like my vision was partially obscured.
I took a long trade in SPX yesterday, but not just off the CCI system. I welcomed and used your heads up as input. I used it, along with what I was seeing on my own charts, to help inform my decision. I understand that the system trades are automatic. I could automatically enter and exit them as well. I prefer to take them as just that: input. To be honest, I feel a little bit better about my position knowing the CCI trade did trigger. But that feeling, as we all know, is horseshit. The only thing that matters will be what the market does at 9:30 am ET Monday. Sure, the futures Sunday night will mean something, but that can all change by the next morning.
Anyway, appreciate the work you and Steve are doing.
I agree with timebandit...the systems
Posted by cozz101 on 1st of Nov 2020 at 09:52 am
I agree with timebandit...the systems are guidelines for us to trade our own way. It is very helpful to have the "heads up" email earlier in the day because it allows me to focus near the end of the day and look for an entry. I did so like 5 mins before the close on Friday and made an instant profit. I did sell in afterhours and happy with the trade. In this case, since CCI did trigger afterall, I will reenter the trade on Monday if we get another dip.
Its all meant as a guideline and not an exact science!