Trents Weekly Journal

[TrentRothall]

i had that issue too and i was confused by it when trading discretionary in the US, because i had a cash account i needed US funds to buy positions and the changing dollar value would change my AU account balance a fair bit. Luckily for me our dollar was dropping so i was making money on my US funds, otherwise i would be in a bit of DD i think.

[Nick Radge]

@Scott Yes, I use Share Trade Tracker in one account which trades various strategies across both US and ASX. i do the hedge on the US portion.

[TrentRothall]

No action today

3 Pending orders

2 open positions

I am guessing coming into reporting season there will be a few interesting trades being thrown up but follow the system i shall

[TrentRothall]

Today i had a order for PRY.asx at $3.58 – the Low was $3.58 i got filled in Amibroker on the exploration but not even a partial fill in my IB account… frustrating.

Weekly Wrap

Been trading for 2 weeks with only 4 closed trades and 2 open (should be 3… :angry: ) been a bit slow, maybe because the XAO has been straight up for a fair chunk of it.

3 winners
1 Loss

Next 1000…..

[TrentRothall]

One of my sold trades last week i didn’t get filled on the open which i thought was strange, upon speaking to Nick he told me that using a MKT order will not allow me to get filled in the opening auction. Switched to using a LMT order 5-10% below the last close to get the opening price.

No action today, few pending orders for tomorrow. 1 Sell

[ScottMcNab]

So for straight up buy or sell orders on open best to use mkt with time in force set to OPG to try and mirror open price used in the Amibroker backtest ? :S

[TrentRothall]

Quote:

A MKT order can only execute once price has traded. On the ASX the first trade to occur will be the open auction which was 1.345. If the stock was offered over, then a MKT order will hit the next available bid, which in your case was 1.335. On the ASX use a LMT order and place it 5% below the prior days close

That’s how Nick explained it to me, so you need a LMT order to be involved in the opening auction to get the proper opening price. Use a LMT order with time in force set to DAY if its valid for a day i guess, that will get the opening prices

[TrentRothall]

Scott McNab wrote:

So for straight up buy or sell orders on open best to use mkt with time in force set to OPG to try and mirror open price used in the Amibroker backtest ? :S

This only applies for the ASX i think Scott.

[TrentRothall]

1 sell today with a nice gap up on the open to get a few more % profit

No entries

1 Open
9 pending orders

[TrentRothall]

Weekly Wrap to date

A few more trades this week still slow though 1 closed trade, 4 open positions at the moment with 1 exit on monday. only 1 pending order for Monday

5 closed trades

4 Winners
1 Loss

---

The trade that didn’t get filled the other day had a valid buy signal for the following few days so i placed the orders and got filled today.

[TrentRothall]

Just looked back over a few trades, i was happy with a 4.4% trade but was almost so much better… Dam, would have been a nice start :blink:

[Nick Radge]

lol…what stock is that one?

[TrentRothall]

PBG.asx would have been a nice 30+%……………..

[TrentRothall]

Haven’t been spamming people as much lately. System is still ticking along, Had 3 sells so far this week, no open positions with about 8 orders.

[TrentRothall]

System Weekly Wrap — system to date 11.4.16 – 6.5.16

3 closed trades this week, everything has been running smoothly no nasty surprises so far – hopefully trades pick up a bit in the next few weeks

9 closed trades
8 wins
1 loss

1 open

Sitting on a 3% return so far in its first few weeks – can’t complain anyway

[Author]

Posts