Support Board
Date/Time: Sun, 22 Dec 2024 14:42:26 +0000
Post From: Sometimes life has long complex problems (AMP/TTNet)
| [2015-04-16 07:57:46] |
| User13668 - Posts: 294 |
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Indeed. I asked AMP this exact question in January. Below is the cut & paste of the two emails I received which confirms what bekitz3 says. "If the Net Liquidity of an account reaches a Daily Loss Limit of 80%, open positions will attempt to be liquidated. Clients are responsible for monitoring their positions and are financially responsible for any losses generated by open positions in the account. AMP retains its right to liquidate positions in any account, at its sole discretion, with no forewarning. If the Risk Desk is forced to liquidate positions in any account, due to either 80% daily loss limit reached or to meet Initial Margin set by the exchange 5 minutes before the daily trading session close, there will be a $25 per contract liquidation fee charged." http://ampfutures.com/trading_hours.html http://ampfutures.com/margins_req.html "The ES closes at 4:15 PM Central and open 45 minutes later at 5:00 PM Central. The trade desk liquidates positions at 4:10 PM central." But note, my concern was about the hours AMP quotes on their website for the trading of ES - which are wrong. So make sure you know the closing time of your instrument as per exchange rules as the 5 minutes liquidation rule will be based on that. Another thing that MAY help here, although I have not had time to try it yet; Matt from Optimus Trading posted a reply to a comment made on BMT about a few shortcomings on TTnet. see here: https://www.bigmiketrading.com/brokers-data-feeds/35401-sierra-charts-amp-futures.html#post490031 Matt is suggesting we should be able to run X-Trader (which he says is free) side by side with SC/TTnet and use X-Trader to check account balances. Maybe if this works it will also show open positions?? Don't know, as I said have not had a chance to test this yet. Date Time Of Last Edit: 2015-04-16 07:59:44
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