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shsunbarot
How do you like TRADE?

I'm thinking about using P123's TRADE feature and wondering how people like it. Please let me know. thanks, Debbie

Dec 27, 2016 8:57:45 AM       
tobiasberr
Re: How do you like TRADE?

It is fantastic.

I have got ports with 100 positions.
It is just three clicks to rebalance.
Works perfect with IB

And all executed tradeprices are updated to the port on P123


Unfortunately it does not work with canadian stocks yet.

P123 is the best! Many Thanks to Marco and the crew!!!
Anyone near Augsburg/Munich, Germany wanting to meet up, just drop me a message.

Dec 27, 2016 10:52:06 AM       
Edit 1 times, last edit by tobiasberr at Dec 27, 2016 10:52:46 AM
U5YJ52993752gH7p5fx8
Re: How do you like TRADE?

Been using it for about a year now. No problems so far.
The tool is just short of perfection. To make it that way, two things should be done:

1. Interface to other brokers. Currently IB is the only one.
2. It only handles DAY orders, it would be better if we had the option to automatically resubmit un-filled orders.

I Started Out with Nuthin. Still Got Most of It Left. - SeaSick Steve

Dec 27, 2016 10:59:05 AM       
quadz42
Re: How do you like TRADE?

TRADE is very convenient and works reasonably well. But, there are some things that I'd like to incorporate, such as checking bid/ask spreads before submitting orders.

It's on my "to do" list to write a program in Python or R, and automate trading via the Interactive Brokers API. One downside is that it wouldn't be as convenient, since I wouldn't be able to connect back to P123 and update ports or books.

And I would second the motion to connect to other brokers, such as Folio.

Alan

Dec 27, 2016 1:34:59 PM       
marco
Re: How do you like TRADE?

Connecting to different brokers will likely be using third party APIs, like www.trade.it We are in touch with them to try it out. It's free at the moment as they are a new startup and are trying to attract users. There are downsides: not all brokers are supported (IB for example since it has strict security) and you'd have to enter your broker account & password. Not sure if credentials have to be entered every time or if we can store them (encrypted of course) in our servers.

We're looking into getting some intra-day prices.

TRADE is due for upgrades so keep the feedback coming.

Thanks

Portfolio123 Staff.

Dec 27, 2016 2:00:16 PM       
PortfolioPerfection
Re: How do you like TRADE?

Connecting to different brokers will likely be using third party APIs, like www.trade.it We are in touch with them to try it out. It's free at the moment as they are a new startup and are trying to attract users. There are downsides: not all brokers are supported (IB for example since it has strict security) and you'd have to enter your broker account & password. Not sure if credentials have to be entered every time or if we can store them (encrypted of course) in our servers.

We're looking into getting some intra-day prices.

TRADE is due for upgrades so keep the feedback coming.

Thanks


Would love be to be able to execute trades after open automatically from a port with an open(-1) in one of its buy rules.

Dec 27, 2016 2:12:18 PM       
quadz42
Re: How do you like TRADE?

We're looking into getting some intra-day prices.

TRADE is due for upgrades so keep the feedback coming.

Thanks


If you're taking suggestions, here are a few more:

1) add conditions to check before sending orders, such as:
a) bid/ask spread and size
b) current bid/ask spread versus historical bid/ask spread (would need intra-day prices)
c) if bid/ask spread does not reach target by a certain time, send orders (e.g., market, limit)

2) conditional orders, such as sending buy orders only after sell orders are complete (or sufficient cash is available), which would be useful for accounts that don't allow margin

3) this is not necessarily related to TRADE, but it would be nice if P123 can download the cost to short, available from IB daily, and allows users to reference in buy/sell rules for ports. This would avoid recommendations to short stocks that are too expensive to short.

Alan

Dec 27, 2016 2:40:01 PM       
U5YJ52993752gH7p5fx8
Re: How do you like TRADE?

P123 has buy and sell rules, it is time for a new rule set that controls trading.

I Started Out with Nuthin. Still Got Most of It Left. - SeaSick Steve

Dec 28, 2016 2:24:23 AM       
azouz110
Re: How do you like TRADE?

The only reason I do not use TRADE is because I trade CFDs instead of stocks. It would be great if we can select whether to trade CFDs or stocks.

Dec 28, 2016 4:17:45 AM       
strader1
Re: How do you like TRADE?

D:

I never use it.

Bill

Dec 28, 2016 6:32:07 AM       
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