I just read the description of how NT7 will try to sync its state with the positions in an account, and I must say this is the most - sorry - idiotic way you could possibly have done it. Any of you guys trading? Seemingly not - what happened to the good old rule of "never chase a market"? Seems it is not for you.
Here is what I am talking about:
What is the problem? The problem is that this long may have come at a totalyl different price, and my strategy may - giving large profits - be lenient with the stop. Not a behavior I want with a position opened at a higher price. Chasing the market.
Seriously. I would love you to handle starting strategies more intelligent and sync. But there is only ONE way to sync it that is neutral:
* Run the strategy "simulated" as you do now. WHen getting live, TRY TO GET INTO THE POSITIONS THE SIMULATOR HAS OPENED. THis does not mean "go in market". It means: put in a limit order at the price the simulator had for the market order. Sure this may not get filled if the trade is "well into its positive life". So what - then the strategy will enter into the next trade.
But seriously, chasing the market is bad. REALLY bad. Just because I wanted that contract 3 hours ago 500USD better does not mean I would like it now, especially not with my 20% profit minimum trailing sttop which may be a lot wider than the stops I put into new strategies.
THAT HURTS.
Alternativle you have "wait until flat" - this is good.
I strongly suggest putting in a third option - or replace the "immediately submit", which makes more sense imho - that reads "try to enter strategy positions at the original price".
The rest of the features reads lovely, and really reads like someone did their homework. Well, mostly But this one sucks. I dare saying very few people will be interested in blindly jumping into a position. I would love, though, trying to get into that position at the original price or better - after all, if my system still wants to be long, then why not
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