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VTTrader: Automatic trading acting screwy

  • #1
  • First Post: Jul 26, 2006 1:58pm Jul 26, 2006 1:58pm
Well as a test this week Im letting VT Trader do the trading for me with the CCI Trading System on the demo account. It has been going well, but there have been some problems. The other day I lost my internet connection over night, and I woke up to a 100 pip loss due to a missed exit and subsiquent entrance, and then later it made three seperate sell trades, and this morning I wake up to two seperate buy trades, lukily they were favorable, one I closed out for over 50 pips, and the other is still going strong at over 120 pips. I just want to know how I can fix these problems. I know a lot of people say not to use the automatic trading system, for obvious reasons, but hey I cant be up 24 hours a day, so I miss a lot of opportunities.

Thanks a lot
James
I be pip'n!
  • #2
  • Jul 26, 2006 2:55pm Jul 26, 2006 2:55pm
VT isnt really that stable for auto trade. actually all of the platforms can wreck havok if you loose connection.

With Metatrader you can alway put in the "utoh" stops in the trade plan and it will keeps it server side, so if the connection goes down at least you are protected abit. Im not sure if you can do that with VT but you might try.
  • #3
  • Jul 26, 2006 3:07pm Jul 26, 2006 3:07pm
That is exactly why I do not let an automated platform trade for me.....they are great for alerts and testing posibilities but to trust your money to autotrading is in bad judgment....JMHO
Same Whore .... Different Dress
  • #4
  • Jul 26, 2006 3:20pm Jul 26, 2006 3:20pm
Hello,

Please review the following FAQ located in the VT Systems user forums. It contains a lot of relavent information related to auto-trading using VT Trader. I think you will find it helpful in understanding what VT Trader's automated trading engine can and cannot do currently.

http://forum.vtsystems.com/index.php?showtopic=3742

Regards,
Chris
  • #5
  • Aug 10, 2006 1:47pm Aug 10, 2006 1:47pm
Quoting Jimbezy
Well as a test this week Im letting VT Trader do the trading for me with the CCI Trading System on the demo account. It has been going well, but there have been some problems. The other day I lost my internet connection over night, and I woke up to a 100 pip loss due to a missed exit and subsiquent entrance, and then later it made three seperate sell trades, and this morning I wake up to two seperate buy trades, lukily they were favorable, one I closed out for over 50 pips, and the other is still going strong at over 120 pips. I just want to know how I can fix these problems. I know a lot of people say not to use the automatic trading system, for obvious reasons, but hey I cant be up 24 hours a day, so I miss a lot of opportunities.

Thanks a lot
James
Hi James,

I use automated TS since 1 year and half with VT, and I can say that some disconnections are normal, but in demo are more frequent than in live.
With Ts I've the alerts and I don't have to stay everyday and nights in front of pc.
There are some troubles sometimes but with autoreconnection I don't have troubles, and when I see a new order and I'm at home I put another safety stop loss, in case platform has problems I've stop losses in cms's servers!!!
Automated system can help us, but losses or profit due to some troubles are normal in our job I think!!
  • #6
  • Aug 10, 2006 1:50pm Aug 10, 2006 1:50pm
Quoting FedForex
Hi James,

I use automated TS since 1 year and half with VT, and I can say that some disconnections are normal, but in demo are more frequent than in live.
With Ts I've the alerts and I don't have to stay everyday and nights in front of pc.
There are some troubles sometimes but with autoreconnection I don't have troubles, and when I see a new order and I'm at home I put another safety stop loss, in case platform has problems I've stop losses in cms's servers!!!
Automated system can help us, but losses or profit due to some troubles are normal in our job I think!!
Hi Fed,

How do you place Stops on CMS' Server?
  • #7
  • Aug 10, 2006 1:59pm Aug 10, 2006 1:59pm
I'm sorry, I mean put stop on the platform
  • #8
  • Aug 10, 2006 2:05pm Aug 10, 2006 2:05pm
No Problem.

Understood.
  • #9
  • Aug 10, 2006 2:11pm Aug 10, 2006 2:11pm
I tried automatic trading for a while. Actually I learned MetaTrader programming language (MetaQuote) and tried several approaches. None of them convinced me to replace manual trading with an automated system. Technical analysis is a subjective approach to the market and needs human brain judgement to make the right move at right time. I don't know how to duplicate my actions in a mechanical system. For example sometimes (and almost everytime) I keep changing my S/L, T/P, T/S limits based on the market behaviour and in most cases these changes saves my money and make me more profits. I don't know how to teach these types of actions to my computer.

I'll continue working on a profitable automatice trading system and there might be a time that I'll find a profitable one. Until then, I stick with my manual approach.
  • #10
  • Aug 11, 2006 2:55pm Aug 11, 2006 2:55pm
I completely aggree with you guys, automatic tradding was a disaster. If it stayed connected the whole time it would of worked great. But it would disconnect and reconnect, somtimes opening multiple losing possitions, not good. Or when it disconnected and I was in a possition, it would miss the exit point, either causing me to lose a lot of the profits or losing a lot all together. It took my account from 18K to 2K in a week!
So I am here to warn all other would be automatic traders to always manually trade.
I be pip'n!
  • #11
  • Aug 11, 2006 9:13pm Aug 11, 2006 9:13pm
Jimbezy it depends on the autotrader. Autotraders with tight stops are the best. That way if they "lose" the trade then the trade can be closed out with a small loss instead of a huge one.
  • #12
  • Aug 11, 2006 9:38pm Aug 11, 2006 9:38pm
I think the best way to trade using VT's trading systems, is to use at least a 30m chart and place the trades manually based on the signals from the chart and enter a manual stop. You will not be able to trade every signal, but it would be much safer than trading in auto mode and losing $ if VT crashes or if your internet connection drops.
  • #13
  • Aug 18, 2006 8:32am Aug 18, 2006 8:32am
I'm looking to auto trade. What sytem are you using on CMS and what is your success rate?
Mat



Quoting FedForex
Hi James,

I use automated TS since 1 year and half with VT, and I can say that some disconnections are normal, but in demo are more frequent than in live.
With Ts I've the alerts and I don't have to stay everyday and nights in front of pc.
There are some troubles sometimes but with autoreconnection I don't have troubles, and when I see a new order and I'm at home I put another safety stop loss, in case platform has problems I've stop losses in cms's servers!!!
Automated system can help us, but losses or profit due to some troubles are normal in our job I think!!
  • #14
  • Aug 22, 2006 9:36am Aug 22, 2006 9:36am
My problem is a little different. The autotrade is not working at all for me. I get the signals and alerts just fine, but the order never executes when I have the autotrade activated on my charts. This is on the demo. I am using one of the VT built-in trading systems, so I don't think it is an issue with the system set up. I can go in and manually submit the order and that works fine. This is not an open bar issue because even when several bars have completed after the signal, the trade never executes.

I have been on the online chat technical support several times. They just keep telling me to unistall VT and reinstall a different version. This has not solved the problem.

Has anyone else experienced this problem? Is this fixable? This is not a connection issue.

Thanks
  • #15
  • Aug 22, 2006 10:15am Aug 22, 2006 10:15am
Quoting basuccess7
...The autotrade is not working at all for me. I get the signals and alerts just fine, but the order never executes when I have the autotrade activated on my charts. ...
This is not an open bar issue because even when several bars have completed after the signal, the trade never executes.

Has anyone else experienced this problem? Is this fixable? This is not a connection issue.

Thanks
I have experienced it on Demo today on Both 1.8.0 AND 1.8.1.

Actually turned out not too bad as It also kept Opening new Short Eur/Usd to the point I had 18 lots open but wouldn't execute TP signals. Had to do that manually for even more pips.

Same thing with Gbp/Usd.

I have Full Logging enabled on the 1.8.1 and will be asking Chris if he needs them or if it is Brkr issue.
  • #16
  • Aug 22, 2006 11:46pm Aug 22, 2006 11:46pm
Bemac: Full logs will be great. Also, if you can provide a bit better description of how/when this issue occurred (occurs) that may also be helpful. I'll pass both over the devs for further investigation.

Thank you.

Chris
  • #17
  • Last Post: Aug 23, 2006 12:07am Aug 23, 2006 12:07am
Quoting chris09977
Bemac: Full logs will be great. Also, if you can provide a bit better description of how/when this issue occurred (occurs) that may also be helpful. I'll pass both over the devs for further investigation.

Thank you.

Chris
Hi Chris,
Will email them to you with acouple of screenshots.

Hope it helps.

B
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