??? ''automated trading systems'' VS. ''semi-automated trading strategies'' ???

[joemiller]

what is the difference between ''automated trading systems''
and ''semi-automated trading strategies"

[koganam]

what is the difference between ''automated trading systems''
and ''semi-automated trading strategies"

• ''semi-automated trading strategies": you can override the trade after it is entered. e.g., you can exit the trade manually directly from the platform that is running your script.
• ''automated trading systems'': to manually exit the trade, you must use another system to place opposite orders, then shutdown the system.

In other words, an ''automated trading system'' abjures direct manual intervention, whereas a ''semi-automated trading strategy" does not..

In either case, it is still very possible for the system position to be out of sync with the account position. That is a different issue.

[brucelevy]

Koganam, I want to initially set a stop loss to a swing low and then manage the open position by manually adjusting the stop via chart trader. However the stop positions reset to the swing location (swing low) after moving them.

I have SetStopLoss within OnBarUpdate.. do you have any suggestion for this?

Thanks.

[koganam]

Koganam, I want to initially set a stop loss to a swing low and then manage the open position by manually adjusting the stop via chart trader. However the stop positions reset to the swing location (swing low) after moving them.

I have SetStopLoss within OnBarUpdate.. do you have any suggestion for this?

Thanks.

That will depend on how your code is written. The simplest way to do that which you want is to write your code to place the initial stop, then never adjust it. That way it cannot interfere with anything that you do manually. Using Exit Orders in OnExecution() might make more sense in the context.

Adjustment is adjustment, whether by code or manually. The only way to keep them separate is to ensure that the code does not have an opportunity to adjust your manual decisions.