When starting or restarting a trading system I can find no way of telling it about an existing position in the currency pair. The system always resets the count data when starting and starts trading assuming no position exists. The result is a first trade which will double or wipe out the existing position and thereafter the trades will be two positions one way and zero the other. It would be nice to be able to positively look up any current positions and be able to close them rather than having to rely on an arbitrary count which may or may not have any basis in fact.

If for any reason such as a power failure or communication error causes a trading system to restart the result is the same. I actually had one trading system going back and forth from three to one long positions one time instead of one long to one short. This occurred happily during demo trading but could have happened in real trading. It wiped out the demo account in about 3 hours.

Hello,

Thank you for your suggestion. I will be sure to pass it along for further consideration.

Regards,
Chris

Hi

Another suggestion along this line is to allow the user to look up a price range in another time period, for example, if the user is currently using ticks, then the system should allow the user to look up the highest price in the range of days for a comparison for trend to allow systems to trade under trading markets but to also identify longer term trending markets.

Also forget just looking at power failures, I have been to many place around the world and dispite popular opionion, not everyone has DSL and Cabel modems that are always connected. Why in ireland where I live DSL just came in only 18 months ago. Most people here are still using pay as you go dial up and even the DSL that is here is not fast, and is also not unlimited like the service in US, once you go over a certain amount of download time and band width, you begin paying extra. I myself am one of those people and simply cannot afford to stay connected to the net 24 hours to keep track of my investments.

A fully connected world, is not a world that exists by any means and software should not be designed only with 24 hour always on connections in mind just yet. So features that cannot be allow the user to continually trade while not connected to the net, like trading systems that do not work equally well when the user is off line, should not be implemented at all. Or if they are, they should be implemented with a serious warning of the concenquences.

Good Luck
Francis Rodgers.

Hello,



This has been suggested previously and is under investigation for future development.



I do not know of any electronic trading platform that will allow a user to place a trade without being logged into the platform and connected to their broker - the user could still trade without the platform if their broker offered a dealing desk accessible by phone however.

Even in other software such as MetaTrader you cannot use the Trading Experts to place automated trades if you are not logged into the platform and connected.

With the release of the VT API, it is possible for an accomplished programmer to create a web-based automated trading 'robot' and then rent a dedicated server (or webspace) from a reputable server or web hosting provider, upload their trading robot (scripts) and run them remotely without the need to worry about their local (home) PC being on, connected, or even having VTtrader running.



There is a warning in VTtrader that is displayed each time the user adds a trading system to a chart. It reads...

"1. Since Trading System (TS) settings are kept on the client’s personal computer, the order that you are placing can only be executed if you are connected to our server. If you disconnect from our server for any reason, the order cannot be executed until you log back in. Once you have logged in, the order will be executed as per your TS settings.

2. At the time of execution, your order might be rejected by the dealing desk due to extreme market conditions. To reduce the probability of rejection please set a sufficient value for the Trader’s Range.

3. VT cannot completely guarantee the execution of any orders placed using TS settings. VT assumes absolutely no responsibility regarding the outcome of any order placed using either built-in or custom Trading Systems. No claims for restoring orders will be accepted. By clicking “OK” you are accepting all of the above terms, and all risks associated with this market order. "

Regards,
Chris

Hi chris!

Your right, I used ***** and **** before but not their programming platform. They do have one but at extream cost. I assume with such costs would come the ability for the system to run on their own server 24/7 but I dont know for sure, like I said, I never used it.

I kinda got a bit lost on the point there didnt I. You guys were talking about programming trading systems, while I was thinking about placing orders. Or more properley, desigining a trading system that would simply detect when a placed order was executed and stopped, then automatically set up another order.

With that kind of thinking, you can see how easy it is to think the trading system will work even when the computer is not turned on. I like the suggestion you made about the robot and web server, and I will be looking into that.

I have done no research on this robot and web server thing, but if it is expensive, and I can build something like that, do you think it might be possible to get other users of your software to use it too, sort of spreading the cost. With enough users, the system could probabbly even become almost free. However, If it is cheap, then why dont more people do it. I know I surley will if the cost is not much. Watch this space and I will let you know of my progress on this.

My mistake, I apoiligise! And I did read the warning offered on your system!

Thanks again for your patience chris, good job!

Good luck!
Mr. Francis Rodgers

* Administrator Note: Text edited. Forex brokers are not to be discussed on these forums. Thank you.

This FAQ may be useful for the current scripting language:
http://forum.vtsystems.com/index.php?showtopic=3293

Closing topic.