Rich

On Fri, Jun 5, 2009 at 1:32 PM, Leading Edge Systems <[email protected]>wrote:

> Thanks for the suggestions and yes, I have one of these accounts and you
> are saying that this could be automated using AB issuing trade signals into
> the advisor account?
>
As far as I know there is no difference in trading an advisor account and a
normal account. Advisor account is nothing but a behind the scenes
allocation of executed trade & profit/loss to given accounts in the
prescribed manner and a single point management. The management or
allocation of the profit, loss or margin is going to come in picture AFTER a
trade is executed, except perhaps Margin. If an order type is available on
the execution engine, it would be executing for an account, not knowing if
the account is retail, advisor or institutional. Having some software
background, I would not believe that they could be this.....well I have no
other word if this is true.....Stupid!

>
>
> I actually stopped using my advisor account due to issues with the TWS
> platform when using limit orders.
>
Can you please tell me what this problem was? And did you talk to support
about it? What did they say?

> Now I just have my true advisor accounts on this platform but pulled my own
> personal trading accounts out and only use market orders for the
> multi-account advisor platform.
>
Very Very Strange...and if true IB automation would never work with large
institutional clients, which at least here in India are their main marketing
focus.

>
>
> I want to autotrade two other accounts that I don't want to move into an
> advisor platform. So I am guessing that I need a computer and a copy of AB
> for each account?
>
Rich, just imagine the management. If some negative event occours and you
want to cancel all strategies, it will be at least 20-30 seconds or maybe
more, shifting from one puter to another. Then syncronizing your strategies,
charting setups/habits and software upgrades ;-(

I think you should seriously talk to IB about it and if the problem is
already there, start looking for an alternative broker. In the longer run,
it will be less onerous.

Sanjay.

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