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Hedging issue?
#459442
05/19/16 23:26
05/19/16 23:26
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Joined: Jun 2013
Posts: 1,609
DdlV
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Hi jcl. I believe I have found a Hedging/upgrade issue. If not, I would appreciate the explanation! When I upgraded to Z12 1.44 there were 1 VO virtual and 1 real XAU/USD Short trades open, both for 4 units, and both were resumed by 1.44. The next day, the real trade was Closed - all 4 units. But there was no mention of the virtual trade. At the time I assumed this was a reporting oversight. A few days later, VO again went virtual Short 4 units, and a real Short of 4 units was entered. Later, A2 went virtual Long 3 units, and a real Short of 1 unit was entered. Why?! It seemed as though the original virtual VO Short is still sitting there as something Zorro wants to do, so when the A2 virtual Long arrives, it nets to the 1 real Short. On this suspicion I checked the Z12.htm and in fact, yes, the original virtual trade has not been closed and is still there. I've noticed in looking back at the logs that sometimes when a real is closed there can be a lag of up to 8 bars before the virtual is closed. Could the close of the original virtual have somehow gotten lost due to the upgrade? Please let me know what I should do about both the virtual trade that didn't close as well as the extra real Shorts it caused that are now active. Thanks.
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Re: Hedging issue?
[Re: jcl]
#459485
05/23/16 19:58
05/23/16 19:58
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Joined: Jun 2013
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DdlV
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Yes, the real & virtual trades should match. However, in this case I don't believe they do - see below. Also, I've noticed in checking other asset examples that a number of bars can go by after a real close before the virtual trades are closed so the trades return to sync/match. All of this is without any manual closing - Z12 is the only thing closing trades.
In this case:
1) Start of Z12 1.44: VO:s 4; NET:S 4 - match. 2) Next the NET:S 4 was closed; but the virtual was not: VO:s 4; NET:S 0 - NO MATCH. 3) Next VO:s for 4 and NET:S for 4: VO:s 8; NET:S 4 - NO MATCH. 4) Next A2:l for 3 and NET:S for 1: VO:s 8, A2:l 3; NET:S 5 - MATCH.
Log PM'd that shows this. At 1st glance you might say the feature is working fine, because match has been restored. However, that assumes that in step 2 the virtual was not supposed to be closed by Z12 when it closed the real. This is what I don't understand: Why didn't Z12 close the virtual in step 2 when it closed the real?
If the virtual had been closed in step 2, step 3 would change to MATCH with 4 & 4, and step 4 would still be in match but with 4 shorts - 3 longs = 1 short and on the real side 3 Shorts being covered leaving 1 Short.
The feature you're describing is to keep the real trades in sync with the net of the virtual trades, and that's great. But the question here isn't that - it's whether the virtual trades that the feature depends on are correct.
Thanks.
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Re: Hedging issue?
[Re: jcl]
#459513
05/24/16 14:34
05/24/16 14:34
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Joined: Jun 2013
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DdlV
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I don't want to argue either! But I do want to get to the bottom of what happened so I understand. For which it is important to know who & why closed the trade. If you (Zorro ) didn't and I didn't, that leaves FXCM. TS is no help - it and the reports just say it was closed - not by who or why. I have therefore emailed FXCM and will let you know their response. Apologies for misunderstanding the "Close" message - I do now see the manual says that means closed by the broker. Although I suppose this could be as a result of a Stop set/updated by Zorro... Thanks.
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