I use TS and fidelity... independently. WealthLab Pro can do
auto trading, but you need 500 trades per year to qualify. Also
Fidelity never has any shares to short (not the 2X or 3X etf's) so
I have programmed it to buy the inverse of that eft. (i.e. SRS
/ URE). Also Fidelity is somewhat slow in the way it does the
calculations, and usually it takes a little time (sometimes as much
30 seconds to a minute) to do the trade, which at market, can cost
you a couple of cents in slippage. I have also tried to program it
to buy at limit based on the close of previous bar, but that
sometimes means you lose the trades, because it never comes back to
the close of the previous bar.
TS is alot more efficient, except for trading AIG which has
given me huge slippage problems, once as much as 18 cents.
Guys regarding the slippage issue with TS. I personally
don't trade AIG via TS using Tradebullet. However Tom has
tried it and he is getting 1 - 3 cents slippage.
One key seems to be setting your share amounts to even shares
i.e. 300 shares, 400 shares.
I'm not saying that's the whole issue, I'm just saying that Tom
and a few others are getting very low slipping trading AIG via
TS.
I'll clarify. IB will autotrade with Ninjatrader,
Multicharts, Amibroker, Sierrachart, and Excel API among
others. So a software purchase is required.
Tradestation and TD Ameritrade have their own autotrade
software.
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Mechanical Systems
Posted by lindaloo on 5th of Nov 2009 at 05:03 pm
Who here uses Schwab or Fidelity or Think- or -Swim for the Mechanical Systems? Have you had any problems? Do most of you trades the systems on TS?
Fidelity
Posted by mamaduck on 5th of Nov 2009 at 09:28 pm
I use TS and fidelity... independently. WealthLab Pro can do auto trading, but you need 500 trades per year to qualify. Also Fidelity never has any shares to short (not the 2X or 3X etf's) so I have programmed it to buy the inverse of that eft. (i.e. SRS / URE). Also Fidelity is somewhat slow in the way it does the calculations, and usually it takes a little time (sometimes as much 30 seconds to a minute) to do the trade, which at market, can cost you a couple of cents in slippage. I have also tried to program it to buy at limit based on the close of previous bar, but that sometimes means you lose the trades, because it never comes back to the close of the previous bar.
TS is alot more efficient, except for trading AIG which has given me huge slippage problems, once as much as 18 cents.
Guys regarding the slippage issue
Posted by matt on 6th of Nov 2009 at 12:24 am
Guys regarding the slippage issue with TS. I personally don't trade AIG via TS using Tradebullet. However Tom has tried it and he is getting 1 - 3 cents slippage.
One key seems to be setting your share amounts to even shares i.e. 300 shares, 400 shares.
I'm not saying that's the whole issue, I'm just saying that Tom and a few others are getting very low slipping trading AIG via TS.
Hi, I am using TS and
Posted by tyroneb on 6th of Nov 2009 at 09:52 am
Hi,
I am using TS and this morning on the opening trade signal at 35.44, filled at 35.48
Cheers,
Tyrone
None of these brokers support autotrade
Posted by darnelds on 5th of Nov 2009 at 05:12 pm
Tradestation, Interactive Brokers, or TD Ameritrade. Fidelity has WealthLab, but not sure if it autotrades. Search the broker's website to verify.
IB does not support auto
Posted by Michael on 5th of Nov 2009 at 05:30 pm
IB does not support auto trading.
I'll clarify. IB will autotrade
Posted by darnelds on 5th of Nov 2009 at 05:33 pm
I'll clarify. IB will autotrade with Ninjatrader, Multicharts, Amibroker, Sierrachart, and Excel API among others. So a software purchase is required. Tradestation and TD Ameritrade have their own autotrade software.