thomasmao
Feb 16 2011, 09:24 PM
about using auto trade, when i turn on a strategy, for example the current trend is going up. however it won't deal until next time the trend reverse. is there any way i can make the strategy to deal according to the current trend as soon as a strategy is turned on?
Thomas Mao
tm1813@ymail.com
cskidmore
Feb 17 2011, 10:44 AM
Hi Thomas,
VT Trader's automated trading engine cannot do this by itself. It waits until it receives the first signal after automated trading mode has been started before it will request its first order.
However, depending on how the system is coded, it may be possible to modify the system to help it understand that there is already an open position when it's started in auto-trade mode so that it will continue trading from that point. For example, you attach the system to your chart, see that a signal has recently been given so you manually enter a trade in the direction of that signal. Then, you start the trading system in auto-trade and allow the system to manage that open position and continue trading from there.
PLEASE NOTE: Depending on how the system is coded/programmed, 99.9% of systems CANNOT recognize an open position already exists without modification to the system's code itself and in some cases without you setting a variable in the system's input variables specifying a position is already open at the time the system was started.
It's advisable that unless you know how to properly modify the system you're using to account for an open position existing when you start the system in auto-trade mode, that you do not have any open positions running when you start the system and you allow the system start its own trading with the next signal.
Regards,
Chris