OmniTrader Professional Forum
Omni Pilot Discussion
Omnipilot not trading all available symbols.
10 replies, 5828 viewings
|
OmniTrader Professional Forum
Omni Pilot Discussion
Omnipilot not trading all available symbols.
|
Last Activity 4/26/2019 10:38 PM 10 replies, 5828 viewings |
|
|
|
| Printer friendly version |
Awindy Member Posts: 19 Joined: 2/10/2010 Location: Racine, Wisconsin  User Profile |
However when I run the same strategy and tradeplan in 2013 it will only buy options on the same one or two stocks throughout the test period, usually 2 to 6 months. On my last run it would only buy options on LNKD and MA. Another time it would only buy options on BIDU. OT 2013 Pro seems more unstable to me than previous versions and shuts down very abruptly both on my desktop and my laptop. Any ideas or suggestions? By the way this issue happens regardless of the strategy Im running. Roger Boye. [Edited by Awindy on 5/6/2013 6:06 PM] | ||
| C Regular  Posts: 87 Joined: 6/21/2008 User Profile |
I have no clue if this is operator error(no offense)or if this is a genuine issue with Omnipilot. But note to Nirvana: Even seeing ONE of these posts about OP has been enough to scare me away from purchasing a Club membership for several years now. Right or wrong, in my mind, if users keep having issues with OP, with serious money on the line, I do question what else I would have to worry about if I laid out the five grand for a membership. I have bought MANY products from Nirvana. But stuff like this has got to be eliminated for all time because I count every dollar. I have some money to spare that I can afford to lose. My own mistakes are deadly enough. But I'm not interested in fighting the software on top of my own trading screwups. That said, I am leaning 51% toward buying a Club membership by the new deadline. But I HATE seeing this crap about OP. Are we going to see similar posts about Omnivest in the near future? [Edited by C on 5/16/2013 11:11 AM] | ||
| jsigalow Member Posts: 34 Joined: 3/4/2006 Location: Poughkeepsie,N.Y. User Profile |
Jerry Sigalow | ||
| jsigalow Member Posts: 34 Joined: 3/4/2006 Location: Poughkeepsie,N.Y. User Profile |
| ||
| Jim Dean Sage    Posts: 3433 Joined: 3/13/2006 Location: L'ville, GA User Profile |
Great to see you chime in on the forums ... Charles may not know you but I do and I have the highest respect for you. I hope to see you at the Bash in a couple of weeks. Charles, Jerry is a "real deal" kinda guy. Jerry - if you have the time to, it would probably help folks to know some specifics about how you use OmniPilot ... things like: 1. what "tasks" do you have it set up to automate for you? 2. How long are you willing to leave it running unattended? 3. what are the functional weak spots with OP that you've learned to avoid? 4. What pct of your trades are fully managed, start to finish, by OP? 5. What pct of OP-managed trades do you have to do some manual tweaking on? I, like Charles, have been hesitant to use OP for years, because the WAY that I want to use it is "unmanaged" ... like Charles is trying to do. To me, there just seem to be a whole lot of things that can go wrong in the communications process (even if OP works fine internally), or in the sync process (broker doesn't fill as expected) ... so I've put off use of it. Anything specific that you might want to share to allay those concerns would be much appreciated. Thanks! Hope to see you soon! | ||
| jsigalow Member Posts: 34 Joined: 3/4/2006 Location: Poughkeepsie,N.Y. User Profile |
In answer to your questions 1:Automates all my strategies with trade plans.It seamlessly moves all my stops ,enters my trades and closes out my trades.I use OP to start and close OT 2:I tend to leave Op unattended 100% of the time because of the knowledge that it is performing correctly .That eliminates the psychological input or bias I may have that would foul up my trading.I've haven't any problem with the broker interface at all.Once op starts ot I'm free to pursue other testing and outside activities. If OP is set up correctly there shouldn't be any problem with execution. One of our club members a few years ago gave me asage piece of advice."Jerry,let the computer work for you".I've tried to adhere to that advice since,Not without years of testing as you also adhere to. 100% of my trades are mechanical with OP Looking forward to seeing you soon Best regards, Jerry | ||
| Awindy Member Posts: 19 Joined: 2/10/2010 Location: Racine, Wisconsin User Profile |
OP is definitely a great program although I believe it has not been updated to keep up with other developements in Nirvana, such as options trading (I should say not enough) and of course NTB charts. I began to use it regularly with the 2010 edition just to give me entry and exit signals from my strategies in order to trade options on the underlying myself and that worked fine. There are 3 specific issues I am experiencing with OP: 1. With stocks and options the 2013 version is not taking any trades in WFT in labmode which works flawlessly in the 2011 version. Therefore I don't feel very secure about running 2013 with real money. 2. There is a bug in option tradeplans that causes not just OP but anyone trying to place a trade in Specifically, AAPL, IBM, NFLX, BIDU, GOOG to name a few to immediatedly exit the position upon entering it. I noticed this first over a year ago with Visual trader when trying to place basket option trades and confirmed it in OT 2011 and discussed it with support but it has not been fixed yet. Note, the issue is with Fixed Loss stops being placed above the entry price (every time) which causes an immediate exit. 3. In OT 2013, 2012 and 2011 when using OP to apply an option tradeplan to a given strategy, everything works fine, sometimes for hours or days ( with OP executing option trades, puts and calls) until some bug in the option tradeplan in question causes an error in the tradeplan and in turn crashes all other option tradeplans in the program. Stock tradeplans are not affected. I have worked with support many times and they have verified these issues. Yesterday I was told that Nirvana is aware of 2 of these bugs but Omnivest is top priority for now. Again this is an issue with Option trading both automated and manual and with WFT using OP. | ||
| Barry Cohen Idol Posts: 2308 Joined: 1/1/1900 User Profile |
| ||
| Awindy Member Posts: 19 Joined: 2/10/2010 Location: Racine, Wisconsin User Profile |
I have been afraid to try live trading with OP for awhile but I will try it out soon. Roger Boye. [Edited by Awindy on 5/16/2013 5:38 PM] | ||
| C Regular Posts: 87 Joined: 6/21/2008 User Profile |
1. First, Jim you did a very valuable thing by asking Jerry that series of questions as to how he uses OP and what he has learned during his years of testing. And Jerry thanks for answering. I'm sure I'm not the only one who was helped by those posts. Thanks to both of you. 2. As a note to Nirvana, I'd like to suggest that you and all of us begin to consider making a distinction between autopilot/automatic trading vs. a "new" term that I will coin tonight and that is UNATTENDED autopilot/automatic trading. As Jim correctly summarizes, UNATTENDED automatic trading is what he and I are going after. And at least in my case, I mean unattended automatic trading for the entire five day trading week year-round(adjusted for holidays). Not because I necessarily want to do it this way but because of the way I make my living and my living situation(alone)makes this a necessity. Surely there other traders who also would prefer/need unattended automatic trading via the new Omnivest. E.g., traveling salesmen, healthcare professionals, soldiers and sailors deployed overseas etc. Imagine, for example, how terrific it would be for a sailor deployed for six months on a carrier to be able to confidently setup an unattended automatic Omnivest at home so that he's making money while he's gone. Trading perhaps long-only both T3 and VBX-3 together? Maybe he's even a Club member using ARM-4 strats? If Omnivest can do all that now then that's great. But I don't know. If not, that's the direction some of us need Omnivest to go. I am aware, as Jim points out, that there are additional concerns and possible pitfalls with unattended automatic trading. I am also aware, as Angela Duran alluded to in another thread, that some of those concerns are obviously not in Nirvana's control. E.g., my plan, out of necessity, to use my home satellite internet as my backbone connection for trading. Certainly I would not hold Nirvana accountable for any failures in trading due to my satellite connection going down in a thunderstorm at market open. As an aside, as I experiment with my satellite internet with the goal of unattended automatic trading, I do notice that I MUST have a battery backup for my satellite modem. In the Texas summer heat, we tend to have fairly frequent power "glitches." I found out that my modem will not automatically reset and reestablish internet connection even when the power returns. So, to be sure there is NO power interruption to the modem, I will have to buy a battery backup for the modem(I see modem battery backups for sale on Ebay. Or even modems with backup batteries already built in). I'm sure there will be other things to learn through experience. At any rate, this was a very productive thread. Certainly some traders, like Jerry, would not trade without OP. And the gentleman who started this thread is still leery about using OP at least when it comes to options. Omnivest needs to have it's sh%t wired tight and I mean tight for me to write that $5,000 Club check by the end of the month. I don't want to EVER see forum posts about bugs or issues with options or anything else relating to Omnivest. | ||
| Jim Dean Sage Posts: 3433 Joined: 3/13/2006 Location: L'ville, GA User Profile |
Much as I agree with the sentiment of your very last sentence ... that is an unrealistic expectation for any piece of software, period. And, since OmniVest + the TP is inherently running like a "switchboard", connecting to the brokers, etc ... there are foibles that can occur - like your thunderstorm example except that it's some glitch in the brokerside that Nirvana cannot control ... and those kinds of things will inevitably create occasional problems. Keep in mind that, except for GXTrader, Nirvana has no hope of controlling the broker side of the communications loop. And, for GXTrader, there is still "growth" going on which will take a while to stabilize. So, I'd hate to see you jump in with unrealistic expectations and immediately be unhappy. OmniVest has just recently come out of Beta, so it's "stretching its legs" now. The Trade Processor, which is the core piece that you are concerned with I believe, is still in Beta ... so it's just not realistic to expect it to be flawless. Nirvana is STRIVING to make both of those tools flawless, and I'm sure they will keep chipping away at it, when unexpected wierd things happen. They fully understand the vital importance of Kevlar plating on these tools. OmniVest and the TP are TRULY SUPERBLY conceived tools, with an innovative and versatile architecture. They have nothing but blue-sky growth before them. This is the "ground floor" for both ... a great place to get on. Give it some time, and I'm sure you will be happy with it. [Edited by Jim Dean on 5/16/2013 10:03 PM] |
|
|
|
|
Administrator
Forum Moderator |
Registered User
Unregistered User |
 E-Mail this thread to a friend |
Toggle e-mail notification |
