Hello,
I am autotrading my IRA with MVP-3 and they appear to do occassional single day trades which OX complained about and rejected the next buy order. That was Tuesday and today I noticed that the buy order was still not completed but I did not get any additional rejection notices so I’m wondering if C2 AT even tried.
Can someone fill me in on what C2 AT should be doing and if there is anything that I should do to restart it? Everything appears to be ok in the AT set up.
thx bert
Bert:
As a safety precaution C2 tries to place an order only a few times. If the broker doesn’t oblige (as in this case, when your broker rejected your order due to margin restrictions on your account), then we give up on the position and will not try to “sync” it… until the system next goes flat in the symbol in question. Again, this is for account safety: the worst thing in the world automated trading software can do is insist on placing an order over and over again, despite broker intransigence. (Because you don’t want to wake up one morning to find out the broker actually accepted 10,000 of your orders…)
So: auto-synchronization is turned off for the position in question, but will be automatically restored the next time the system goes flat in that symbol.
Hi Matthew,
Thanks for the response. In thinking about this, MVP3 has gone up so much in the last few weeks, that the cash that I keep in the account to mimic margin is no longer sufficient when there is a complete turn of MVV to MZZ and visa versa especially when OX tacks on additional requirement of funds to cover market orders.
thx bert
