Max Strategy Position being Deprecated
Syed Azhar
Please keep Max strategy positions as an optional setting and don’t remove it. It works well for me, and if others don’t want to use it they can leave it off. This is one of the most useful feature of the platform and it keep me control my budget at the broker.
Traders post is used for Auto Trading meaning we are not looking at our funds and trades all the time and thats why we use Traderspost for Automation. This is the most useful feature to make sure we dont over trade and control the number of trades. It works very well for me and i am sure for other people as well so please dont remove this feature. Thanks
Lindsey Starkweather
Agree - please do not depreciate Max Strategy Positions. Instead change the label to "Max Positions" and change the warning to state that TradersPost cannot guarantee enforcement on the broker's end. This setting controls the max number of open positions allowed in the brokerage account at one time. Once I have reached or exceeded my max positions, TradersPost auto-rejects any trading signals to open new positions until existing positions are closed.
My strategy relies on this feature to help keep my margin account Reg-T compliant and to minimize rate limit failures. It is possible for my strategy to send a trading signal for every open position in my account at the same time - since the rate limit is 60 trades per minute, I set my max positions to 60 - having more than 60 positions open at a time could cause orders to fail, and could cause my strategy to be disabled for exceeding the rate limit.