How can i increase the size of my total trade on autotrade

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HOW CAN I INCREASE THE DOLLAR AMOUNT I AM TRADING USING AUTO TRADE

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On the Auto-Trading FAQ page (http://collective2.com/about-autotrade) it says: "See a trade you like? Increase its size. (Or decrease the size of trades you don’t like.)*"



That’s great, but I don’t know how a trader could accomplish that if the system developer is issuing market orders while the auto-trader is sound asleep or busy doing something else, for example.



Generally speaking, and I thank you for bringing this up, I would like to know if the auto-trader can set up some kind of default value for the size of each trade.



For example, if the trading system says : “Buy 100 shares of IBM”, can the trader set up the auto trade Collective2 platform in such a way that it will always trade 10 times (or any other multiple he/she likes) the amount of shares (or contracts, lots, etc…) the system developer wants us to buy (or sell short)?



Sorry if that question has already been answered elsewhere.

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Igor - That’s exactly how it works . When you set up AutoTrading you choose a “scaling percentage” which determines how large your trades are relative to the trading system’s model account . Try it out in a Simulated Brokerage account to see how it works .

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Thank you Matthew, I just experimented with the auto-trade feature for the first time, like you suggested. The Collective2 subscriber has indeed the possibility of choosing the size of each trade in advance, by selecting a percentage in the “Set your Trade Scaling Percentage” section.



Here is what it says exactly:

"Scaling Percent tells your broker how big to make your trades. Trading at 100% will trade at the same quantity as the trading system. Trading at 200% will double the trade size."



So in other words if a Collective2 subscriber likes a Forex trading system for example, but the system developer is always trading 1 mini lot (while the Collective2 subscriber only trades standard lots), all he has to do is set the percentage to 1.000% (that’s one thousand), 5.000%, 10.000% or even more, depending on his risk appetite (and the size of his wallet).



Or the trader can do the opposite and choose 50%, 25% or even 1%, if he/she has a very limited trading capital.

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You have the basic idea, Igor. Yes, you can use scaling percentages greater than 100% to make trades larger than the Model Account, and less than 100% to scale downward.

However… AutoTrade is constrained by real-life factors, such as the indivisible nature of future contracts, for example. You can trade only 1 E-Mini S&P contract - not .5 contracts. Autotrade will round down when the scaling math results in a non-integer, but will round up to 1 contact when the result is less than 1.

MK