Hello everyone, I’ve been managing an automated trading strategy on Collective2 for approximately one month. While this is a relatively short period, I’ve encountered several significant issues that raise serious concerns about the platform’s automated execution capabilities, particularly for those relying on 100% automation. I believe sharing these observations is crucial for the community, especially since the existing documentation lacks crucial details. Background:
My strategy is designed for intraday futures trading on the NQ. It utilizes a proprietary algorithm based on momentum and volatility. Automation: I’ve opted for 100% automation to ensure consistent execution and eliminate manual intervention. * Account Size: My test account has a balance of $50,000. * C2Star Program: As a side note, I’ve applied twice for the C2Star program. My experience has been disappointing. The evaluation process seems solely focused on raw P&L, ignoring the nuances of strategy implementation and execution quality. It feels more like a simplistic prop firm test than a comprehensive evaluation of a strategy’s potential. Key Issues and Concerns: * Inconsistent Order Execution: * I’ve observed frequent instances where orders generated by my strategy are not executed. This appears to be related to fluctuating margin requirements and the platform’s algorithmic decision-making. * Example: When attempting to initiate a position of 2 NQH5 contracts, the system sometimes fails to execute, citing insufficient margin. However, the system allows the accumulation of up to 12 NQH5 contracts if they are triggered individually over time. This discrepancy suggests an inconsistency in margin calculation and order processing. * This is a serious issue that can drastically alter the intended risk profile of a strategy. * Order Queuing and Off-Timing Execution: * The system appears to “queue” excess orders, executing them at its discretion, often leading to significant timing discrepancies. * Example: When a test order of 15 NQ contracts was sent to test max capacity, the system initially executed 12. Subsequently, after the take-profit bracket was touched, instead of closing the position, the system started executing the remaining 3 contracts piecemeal, at significantly unfavorable prices and times. * This resulted in random and unpredictable outcomes, with profits and losses determined by the platform’s timing rather than the strategy’s logic. * This queuing behaviour can easily lead to slippage and large unexpected losses. * Discrepancy Between Real-Life and Collective2 Performance: * My strategy’s performance in a real-life trading environment consistently outperforms its performance on Collective2 by approximately 20%. * This discrepancy is primarily attributed to the platform’s missed trades and off-timing executions. *
I will keep testing it, Next time I’ll bring a short video link of my findings.
I hope these observations will be helpful to other users and contribute to improving the Collective2 platform.
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