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TOS... Is it important and necessary?


#1

Does a TOS client need a developer?

Is there any slippage for the client?

What are the differences between TOS and non-TOS in real life?

Sorry for my english. I am writing through Google translator.

Michael


#2

are you referring to TOS as “Think or Swim” trading plattform or “Trading own System” certificate from C2?

In case of the latter, the strategy developer proves that he trades his system with his own money. Which in theory attracts more investors. In practice you hardly notice any difference.

In terms of trade execution it depends. If you get TOS by using broker transmit there is a difference in how a signal is transmitted. From my experience all orders you enter in your broker terminal will be hidden from subscribers until they get executed. When the market hits one of your orders, i.e. a limit entry, it is translated into a market order for subscribers. This is different to the web trader which lets you transmit limit orders to your subs. (= better execution for instruments with wider spread like options)


#3

Thanks for the information. And how is slipping different? Have a practice?


#4

I think connect it. But will it be beneficial for my client?


#5

Do you know if auto-trade uses both methods (choice of trade leader) or broker transmit only?


#6

@MAP it really depends on the liquidity of your traded market and the amount of capital following you. When using broker transmit your followers are of course at a disadvantage because of market orders. So they lose at least the market spread. But generally speaking slippage should not be a problem unless you do scalp trades or trade in very low liquidity markets.

@e-stat I´m not exactly understanding your question because auto-trade and broker transmit are 2 different mechanics. But you can use either one to acquire TOS certificate.

Broker transmit: your signals are generated in your broker terminal and sent to C2 for broadcasting.
Auto-trade: your signals are generated through the C2-interface and sent to your broker account (and to subscribers)

By the way, if a limit order gets touched that was entered with web trader but not every subscriber gets filled, the remaining subscribers will be converted to market orders after some short delay. So liquidity is key for good execution either way.

On a side note, if you use broker transmit it is basically impossible to follow your trading by email. Subscribers will only be notified of a trade in the moment of execution. If you use Web trader they will get the signal as soon as you enter the order at C2. This way you can show that you are actually using SL because they see it as soon as you enter it.


#7
  1. Thank!

  2. TOS… So it’s profitable for the client only in that the trader trades on a real account and that’s it, the profit ends. For complacency.

  3. Not TOS. It is beneficial to the client from the technical point of view. There are more pros than cons.


#8

For me it’s more about gaining trust. I’m likly to sub a TOS strategy with only 3-6 month track record. It give me a peace a mind that the manager had his money on the line also.

That prob the main reason I care if it’s TOS or not. I just don’t think it’s fair for the developer to be making real money and only lose fake money. While his subscriber are paying him real money and lose real money.

I also believe risk management on real money vs paper money is a big enough difference.


#9

You are equating TOS and broker transmit here. Of course broker transmit gives you TOS but it is not necessary to get TOS.
If a trader acquires TOS by using the C2 web interface the client is at no disadvantage. For this to happen, the trader needs to subscribe to his own strategy. This is included in the trade leader plans so there are no additional costs.

On a personal note though, I had some execution issues with the C2 web interface in the past but the broker transmit never failed me. So you really have to weigh the upsides and downsides.


#10

not in my case but generally speaking I would agree. :wink:

I think 0 correlation to the stock market, resilience in crashes and strict risk- and moneymanagement are enough reasons to swiftly advertise my personal trading here, if you don´t mind. Can´t go TOS because I´m from Germany. The whole EU can´t trade US ETFs anymore since a couple months.

btw this trade´s drawdown is incorrect because of the resplit in UGLD. I have to contact support once again…
10/2/18 9:30 UGLD LONG 8.01% <---- more like 0.xx% drawdown like usually.


#11

TOS is not necessary. It is not a preventive status against losses. Any strategy, any trader, may lose at any time. Some may prefer it. But it isn’t a guard against tragedy.


#12

I agree with that.

I will do TOS on my strategies. This is customer confidence and my profit is greater. If there is no technical difference.


#13

It is exactly that. For some people, TOS is a criteria as it causes them to have some relaxation, knowing that their trader is losing his money too on this algorithm. It makes people think that a trader is conscious and aware of the market.


#14

Thank you all for your help. The topic is closed.