OpenQuant - SmartQuant's new product for the retail market

Quote from Trader922:

Anton- Does OpenQuant support having a session open with more than one broker?

i.e. trade mainly through broker A, but hedge open positions using broker B if broker A goes down for some reason.

If it is not supported, do you have any suggestions on how to handle this?

Thanks,
Eric
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No it doesn't, quanthouse has this ability.


I dont know if you are thinking about using broker B, if broker A goes down cause you'll be in Hawaii for the week and you know that the internet can go down time to time but...

If broker A goes down you code something so it plays a sound and take the appropiate action.

People often have this vision that they'll go take a vacation and turn on their auto trading system. OpenQuant is a great platform to automate your strategy, but there is always something that you haven't taken into consideration in your coding that will cause a not so nice error. Sometimes I leave the system running when I'm out & about. One Time I had the system running and went to go eat (Keep in mind I've been running strategies live with OQ). When I came back I had realized that every 30 sec, I bought 500 shares of xyz and thankfully sold short 500 shares of zyx every 30 seconds as the market fell.

When I came back my buying power was maxed out and I wasn't able to send in anymore orders. Thank god that brokerage was IB, which does that... had it been genesis it would have just keep going & going & going. I ended up loosing only ~ $1,000 on the whole mistake, but it could have been much worse (also better too :) ) but all in all this error was my fault as I didn't code this rare circumstance.

I learned my lesson
 
sKY....What exactly was this rare circumstance that trigerred this event??

Quote from Sky123987:

No it doesn't, quanthouse has this ability.


I dont know if you are thinking about using broker B, if broker A goes down cause you'll be in Hawaii for the week and you know that the internet can go down time to time but...

If broker A goes down you code something so it plays a sound and take the appropiate action.

People often have this vision that they'll go take a vacation and turn on their auto trading system. OpenQuant is a great platform to automate your strategy, but there is always something that you haven't taken into consideration in your coding that will cause a not so nice error. Sometimes I leave the system running when I'm out & about. One Time I had the system running and went to go eat (Keep in mind I've been running strategies live with OQ). When I came back I had realized that every 30 sec, I bought 500 shares of xyz and thankfully sold short 500 shares of zyx every 30 seconds as the market fell.

When I came back my buying power was maxed out and I wasn't able to send in anymore orders. Thank god that brokerage was IB, which does that... had it been genesis it would have just keep going & going & going. I ended up loosing only ~ $1,000 on the whole mistake, but it could have been much worse (also better too :) ) but all in all this error was my fault as I didn't code this rare circumstance.

I learned my lesson
More...
 
you'd have to be familiar with the logic of the coding, but basically I had this parameter that I use to define an exit also set to true that didn't become false
 
Quote from Sky123987:

you'd have to be familiar with the logic of the coding, but basically I had this parameter that I use to define an exit also set to true that didn't become false
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Thanks sky for the info.

I agree that it's difficult AND dangerous to achieve true hands-off autotrading.

However, how about a general all-inclsive "fail-safe" to protect yoou for the unforseen glitches

For example, if open position size is greater than X then exit and shut off and send an alert message. or if open loss is less than Y then exit and shut off and send an alert message.
 
he's one think that you might run into if your strategy doesn't use "bars"...


if the spread is 20.20 * 20.25 and are you parked @ 20.25. This is the order of events if you get filled


1) a call to the quote new quote of 20.20 * 20.26
2) THEN a call your order was filled
 
Quote from CPTrader:

Thanks sky for the info.

I agree that it's difficult AND dangerous to achieve true hands-off autotrading.

However, how about a general all-inclsive "fail-safe" to protect yoou for the unforseen glitches

For example, if open position size is greater than X then exit and shut off and send an alert message. or if open loss is less than Y then exit and shut off and send an alert message.
More...

I agree, CP, fully hands-off is TOUGH.
Only recently have I been able to achieve resolution to the mechanical aspects of autotrading, so that I can focus on trade strategies themselves.
Without boring anyone with the details, if you really want to fully autotrade "hands off", you have to FIRST make sure you have a 100% fault-tolerant and redundant hardware/software/network setup. There are many threads describing various options for this in detail, but it basically means a dedicated SERIOUS PC running nothing else, a top-notch UPS, and a redundant dual-homed router (2 simultaneous redundant broadband feeds), plus remote access/control software such as PCMobilizr on your blackberry so you can check on things. Its a bear to set up, but it CAN be done. Then you can really cut the cord...
W
 
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