Problem: Started TWS, JBooktrader last night. Checked today at noon. TWS was stuck trying to sell CL contracts with about seven sell orders, I think it wa not successful in selling because I dont have enough cash in the account to meet margin. Got scared, cancelled TWS. restarted, orders were gone. I am sure I clicked 'Forward test' on Jbooktrader last night on all contracts (CL,ES,ZN)
The other thing I did last night, while JBooktrader was running in forward test on CL, ES and ZN was to test if I could make a purchase. I manually bought 1 ZN march 2014 in TWS, and sold it shortly after for $34 loss (each tick is $17, scary). I was worried that in a cash account they would hold the funds for three days like they do in stocks, but no.. Cash is available for another purchase. Results of the test are: You can roll over 401(k) funds to a self directed IRA in interactive brokers and use it (as a cash account) to trade futures, where the margin is always the overnight margin amount, trade settlement available immediately for futures, proceeds only available after three days for stocks. Is is possible I could have confused Jbooktrader into 'trade mode' for CL by doing the ZN manual purchase and sell while CL was forward testing? -- You received this message because you are subscribed to the Google Groups "JBookTrader" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/jbooktrader. For more options, visit https://groups.google.com/groups/opt_out.
