How long does Autotrade approval take? It shows still waiting for broker approval?(IBKR)
I set it up on 2/3.
Hello,
Normally 2-3 business days, but I don’t see any forms submitted by you, which are required to gain IB approval. Please visit this link:
https://collective2.com/interactive-brokers-forms/investor
and submit forms and an ID to docs@autotradenow.com at your earliest convenience. Thanks.
Thanks Marc. Hopefully the approval is much faster than 2-3 bus days.
I started to autotrade using IBKR the “Prosper-relax-compound” strategy starting today. I had added minimum suggested capital and it started to place trades. However, after some trades, it exhausted the margin and can’t execute any order. what am I doing wrong? or, what is not configured correctly?
This is something that happens all of the time with new users to C2 – the scaling needs to be adjusted such that it is the ratio of the actual account size to the model account size (e.g., a $25K actual account should be scaled at 50% when trading a system with a model account of $50K). My question to @MatthewKlein or others on the C2 team – why not simply give a recommended scaling based on the users’ account size instead of simply defaulting to 100%, which is often too high?
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