Cybertrader

March 13th, 2006 by eyal | Filed under Trading Resources. | Print This Post Print This Post

I’ve been trialing Cybertrader today and had a few questions that maybe one of the numerous (2?) Cybertrader users out there can help out with..

1. Is it possible to enter One-Cancel-Another order? I typically enter a stop loss order and attach an OCA Market-On-Close order to the same stock.
2. How do I enter a Market On Close order?
3. Does Cybertrader pay interest on balances? IB gives LIBOR - 0.5% on balances above 10K.
4. Is there a way to change the detault stop order behaviour to only trigger on double prints instead of single? I’ve been saved by this neat feature in IB quite a few times. I mirrored my trades in Cybertrader today and got knocked out of MDCO for a full 1R loss in Cybertrader while in IB I stayed in for a end of day close and +0.5R.
5. Is there a way to scroll a chart back and forth on the time axis? Couldn’t figure how to do that.

Thanks!

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2 Responses to “Cybertrader”

  1. Jeff | 13/03/06

    For #1, you can set 2 alerts, each of them with the action “close position” rather than “sell”. This way, the first one that fires closes your position and the other one will be negated because you don’t have a position open.

    #2 - NYSE offers a market on close order, but if you’re referring to NAZ stocks you can just set a conditional alert “if time is 3:59pm ET, then close position”.

    #3 - Yes, CyberTrader pays interest on balances if you have your account set to be swept into a money market acct overnight.

    #4 - I don’t know what “double prints” stop loss is about. I do know you can set the stop dependent on many variables, such as trade price, ask increase or decrease, bid increase or decrease, time, volume, etc.

    #5 - I don’t know how to scroll charts…..I use the tabs feature with different timeframes per chart window and just click on the tab to change my timeframe easily.

    CyberTrader has a great “Live Help” feature you might want to check out, they can probably help you with #’s 4 & 5!

    Good luck!

  2. eyal | 14/03/06

    Thanks Jeff.

    #4 means that a stop order is only triggered if the price prints twice above/below the stop instead of just once.

    $5 got this working with Englishman Trader’s help.

    I’ll give the live help a try.

    Thanks.

    Eyal

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