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Strategies & Market Trends : The Player's Club -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (9201)5/26/2000 6:43:00 PM
From: Soumen Barua  Respond to of 11513
 
Thanks. Have a nice weekend all.
Soumen



To: Gersh Avery who wrote (9201)5/27/2000 12:56:00 PM
From: Gersh Avery  Read Replies (1) | Respond to of 11513
 
Attention all Player's.

In case anybody hasn't noticed yet there has been a time shift.

All orders placed will be effective the next one minuet bar after the SI time stamp.

example
I place a limit order to buy 10 at 1380. SI time stamp on the post is 10:15. During the 10:15 time bar the ES0M drops to 1378 and then jumps back up. I have not gotten the fill yet. For the 10:16 bar the mini opens the bar at 1381 and jumps to 1384. I still did not get the fill. This is because the trip to 1380 and below did not take place from 10:16 forward. Then at the 10:17 bar the mini falls back to the 1378 mark. My fill took place during the 10:17 bar.

Next .. In order to prevent errors in the future, each time that you get a fill post the fact that the fill took place and what the outstanding contract count is at that time.

example:

10:15 I place a limit order to buy 10 at 1380. I already have an existing long of 5. During the 10:17 bar my order fills. I still have time to edit my post. In the end the post looks like:

Limit buy 10 at 1380 edit filled now long 15.

If I get filled after the 15 min edit window then a follow up post would look something like:

existing limit buy of 10 at 1380 filled now long 15.

Note that this method can be used to post the confirmation days after the limit (or stop) order. (for those of us that go out of town<g>)

This solves several problems and serves as an error check on the trade. It's kinda like posting your own confirmation.

Any questions or suggestions?