Support Board
Date/Time: Mon, 25 Nov 2024 03:40:40 +0000
Post From: Poor reliability when trading options
| [2013-12-10 15:49:45] |
| User76625 - Posts: 49 |
|
Hi, I'm using SC to trade options and am having a terrible time getting things to work as they should. Specifically, positions are not closing when my code dictates they should. Sometimes they do, many times they do not. I suspect this has to do with the fact I have to use the "Use Order Fill Calculated Position" option for each options chart, and somewhere along the line something gets screwed up that throws off my position quantity and SC thinks I'm flat when I'm not, shows me with a position when I do not have one, etc.. But, of course, I often don't know that there's anything wrong until something doesn't happen when I think it should, or when something happens and I wasn't expecting it. It simply makes trading options very unreliable without constantly monitoring many charts to make sure everything did what it was supposed to do. This defeats the purpose of automated trade management. I have reviewed the documentation (http://www.sierrachart.com/index.php?l=doc/doc_TradeStatusWindows.html#OrderFillCalculatedPosition) and understand that the trade data can be wrong depending on what SC has as data in the trade activity log since it does not rely on the external trading service. So is there no just no way to track options the same way as stock to reliably make sure that SC's position data matches your actual position data? When trading stock, (so far) 100% of the time things have gone as planned. Could this issue be broker specific since they sometimes have special formats for symbols? I'm using IB for both data provider and broker, if that's relevant. Any feedback or suggestions would be appreciated. Thank you. |