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Showing content with the highest reputation on 05/29/2020 in all areas

  1. 1 point
    @Abiel @Robert H @Andrew Aziz A moderator can now edit the topic of this thread to: DAS 1000 Shares as Default Issue [RESOLVED] You may also edit in this update: UPDATE: I gave DAS another chance and found the root cause. By clicking on Setup > Order Templates, I found the Global Default Order Configuration. On it was a default order for 1,000 shares... I've never seen this interface and had to dig really hard to find it. What has been happening is that every time I entered in a new symbol, these parameters were getting fed into the montage. I never noticed this before because MOST of the time my hotkeys overrode this. However, on occasions, the hotkey would fail to override this very dangerous shares default. This was on a new computer with a fresh image of Windows and DAS install for version 5.5.0.3. To DAS Trader, I lost over 10 thousand dollars because of this repeatedly happening, and even liquidated all of my mutual funds in an attempt to go to another brokers/service before giving this a final chance. Not the end of the world for me, as it was only a couple weeks or so worth of trading progress directly lost over this configuration issue intercepting my hotkey instructions, but this is a very serious problem and potential liability. I don't know how this ended up being a 1,000 share default, but I don't trade with that kind of size and this is really dangerous. Clearly, the hotkey system is not infallible at guarding against this default, as the same thing happened to me 5 times in one day according to my Trades log. This could blow up a 30k account in less than 5 minutes if trading something like NFLX. Please look into why I ended up with this as a default, and consider something safer as a default, such as 100 shares or even 10.
  2. 1 point
    @Abiel I've decided to give DAS/IB a second chance because I found a workaround that will be able to prevent this glitch. As long as I manually enter 100 as a share value into the montage, it shouldn't be misfiring on every 40 or so of my orders and adding that extra zero. CenterPoint Securities has not responded to my inquiry yet, but they apparently have no native way to report on or manage delta dollars like IB does, which is my favorite feature and lets me hedge with options knowing the exact realtime balance. CenterPoint has an extra service for this which they call their Risk Manager/Portfolio Margin Solution, but they charge 2k/month for this when delta dollars is free on IB and native to the Portfolio tab, so long as you select it for a column. Really bothers me though that I can't do OCO orders with DAS using a trailing stop. Sterling Trader lets you do that by holding down the control button to select a batch of orders, and then right clicking to assign them as an OCO group. @peterB I have about 17 video-recorded examples of Interactive Brokers natively mixing up the automatically [attached] stop loss and profit targets, suddenly giving them all buy instead or sell or vice versa until I restart it. I no longer use those kind of orders with them. Was a year ago but no reason for me to start trusting them with that. They say that it intelligently selects the right direction, and it would for a while, but once it got confused it would do that to every single new order. Forced me to close and reopen IB sometimes over 12 times a day.
  3. 1 point
    If you scalp like this you should be trading futures anyway, not stocks. I used to have DAS with IB, and IB's API on other platforms. The API, whether FIXAPI or anything else, all the same! Total piece of junk. My fun issue with DAS and IB was that I would end up in a short position randomly, from an order that I cancelled in DAS minutes or hours earlier, but it ended up not being cancelled in IB's system. I would find out later on, when I would be short some amount of shares in a stock I traded earlier in the day! It certainly made me lose all confidence in the situation so I moved on and never looked back.
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