Feature Request - Automation / Broker Position Matching

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beck donald
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Feature Request - Automation / Broker Position Matching

Postby beck donald » 18 Aug 2010

It would be helpful if the method MC uses matches what the broker uses to determine the position value. In the case where more than one positions is taken, there is a difference in action, result and this impact the ability to audit results between MC and the broker. Depending on the broker, FIFO, LIFO or price averaging is used.

If I am long 4 positions, each with a different entry point, The broker and the chart must close the same positions to be in sync.

Thank you,
Don
Last edited by beck donald on 19 Aug 2010, edited 1 time in total.

Emmanuel
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Re: Featurre Request - Automation / Broker Position Matching

Postby Emmanuel » 19 Aug 2010

Hi Beck,

It is possible to name the order, then to sell only this order using the same name.

Buy ("L1") this bar on close
sellshort("L1") next bar on close

beck donald
Posts: 199
Joined: 25 Jan 2008
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Re: Featurre Request - Automation / Broker Position Matching

Postby beck donald » 19 Aug 2010

Emmanuel,

I think the answer is maybe. I do not know how each broker is setup. A trade at MBT is an average position. Meaning the following.

Buy 1000 ABC at 100.00
Position at MBT is 1000 ABC at 100.00
Buy 1000 ABC at 50.00
Position at MBT is 2000 ABC at 75.00

With the market at 200, there is 225 in profit unless a trade is closed. Once a trade is closed the reporting and trade audit becomes a problem. If the 100 position is closed, MBT will book 112.50 in profit. The same is true if the 75 position is closed.

Turn this into 500 to 1000 trades a day and its a mess to verify results.

Don
Hi Beck,

It is possible to name the order, then to sell only this order using the same name.

Buy ("L1") this bar on close
sellshort("L1") next bar on close


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