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Z12 Question #425911
07/12/13 13:08
07/12/13 13:08
Joined: Jul 2013
Posts: 110
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bfleming Offline OP
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bfleming  Offline OP
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Joined: Jul 2013
Posts: 110
Does Z12 use stop losses? I'm running it in demo and it opened one trade with a stop loss, but then later opened 6 trades all without stop losses? Settings are on default.

Re: Z12 Question [Re: bfleming] #426004
07/15/13 08:42
07/15/13 08:42
Joined: Jul 2013
Posts: 110
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bfleming Offline OP
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bfleming  Offline OP
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Posts: 110
In addition to my above question regarding stop losses, I got a notice "can't close". What does that mean? Below is the info from the app:

Weekend mode until 15.07. 00:13................................
Trading resumed at 14.07. 23:00
[Mon 15.07. 00:13] 43608 -4 +3 //\\
[USD/CHF:CY:L2480] Can't close 3@0.9468 at 00:13
[USD/CHF:CY:L2480] Reverse 3@0.9468: -3.20 at 00:13
[USD/CHF:HP:S9504] Short 3@0.9469 Risk 115

[Mon 15.07. 04:13] 43603 -8 +4 /\\\
[USD/CHF:HP:S9504] Estimated risk: 110

Re: Z12 Question [Re: bfleming] #426006
07/15/13 08:48
07/15/13 08:48
Joined: Jul 2000
Posts: 27,967
Frankfurt
jcl Offline

Chief Engineer
jcl  Offline

Chief Engineer

Joined: Jul 2000
Posts: 27,967
Frankfurt
- All Z systems generally use stops for all trades.

- Can't close means that the trade could not be closed at first, most likely due to unavailable quotes. It will then be closed later. If a trade can not be closed, which happens occasionally, Zorro retries until it is finally closed.

Re: Z12 Question [Re: jcl] #426009
07/15/13 09:00
07/15/13 09:00
Joined: Jul 2013
Posts: 110
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bfleming Offline OP
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bfleming  Offline OP
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Posts: 110
In that case, why would Z12 open 6 trades all without stop losses. Also, the USDCHF trade it couldn't close also never closed. So I'm wondering if it's working properly.

(I wanted to attach attach a screen shot of the opened trades, but couldn't find the option...)

Re: Z12 Question [Re: bfleming] #426011
07/15/13 09:25
07/15/13 09:25
Joined: Jul 2000
Posts: 27,967
Frankfurt
jcl Offline

Chief Engineer
jcl  Offline

Chief Engineer

Joined: Jul 2000
Posts: 27,967
Frankfurt
You're from the US, right?

Re: Z12 Question [Re: jcl] #426012
07/15/13 09:32
07/15/13 09:32
Joined: Jul 2013
Posts: 110
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bfleming Offline OP
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bfleming  Offline OP
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I'm in Europe, but the demo account I'm running it on is a FIFO/NFA compliant account.

Re: Z12 Question [Re: bfleming] #426013
07/15/13 09:34
07/15/13 09:34
Joined: Jul 2000
Posts: 27,967
Frankfurt
jcl Offline

Chief Engineer
jcl  Offline

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Joined: Jul 2000
Posts: 27,967
Frankfurt
Have you then set NFA?

Re: Z12 Question [Re: jcl] #426014
07/15/13 09:38
07/15/13 09:38
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Posts: 110
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bfleming Offline OP
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bfleming  Offline OP
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Yep:

"Trade: Z12 portfolio (NFA) 15.07.2013
[EUR/USD:CY:S5654] continuing
[GBP/USD:CY:S5655] continuing
[USD/JPY:CT:L0155] continuing
[USD/CHF:HP:S9504] continuing
Read Z12.fac Z12.par
[Mon 15.07. 05:59] 43601 +0 +3 /\\\
[Mon 15.07. 08:05] 43608 +0 +19 //\\
[USD/CHF:HP:S9504] Estimated risk: 69"

Re: Z12 Question [Re: bfleming] #426016
07/15/13 10:00
07/15/13 10:00
Joined: Jul 2000
Posts: 27,967
Frankfurt
jcl Offline

Chief Engineer
jcl  Offline

Chief Engineer

Joined: Jul 2000
Posts: 27,967
Frankfurt
NFA trades have no such thing as a stop loss, that's why you can not see it in your screenshot.

Re: Z12 Question [Re: jcl] #426017
07/15/13 10:01
07/15/13 10:01
Joined: Jul 2013
Posts: 110
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bfleming Offline OP
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bfleming  Offline OP
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Ah, ok. Thanks. I'll set it up on a non-FIFO/NFA account.

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