A couple of Newbie Questions

[tradez]

Hi all,
I am hoping that someone here can answer a couple of questions that I have regarding setting up for trading.
1) Does Commsec allow for the trailing of a stop loss without paying each time you move the stop up. I have read the information from their website and even called up their support line (the guy didnt seem to be sure either way) and I can't tell for certain.
2) When setting up a data feed, either EOD or live, for a third party charting platform like Amibroker, does the Data provider require your account to be restricted to a staic IP address? If not then do they tend to allow for data to be accessed by multiple pc's owned by the subscriber?

Thanks,
Dan

 

[bullmarket]

Hi tradez

My thoughts on your queries are in red...hope they help

Hi all,
I am hoping that someone here can answer a couple of questions that I have regarding setting up for trading.
1) Does Commsec allow for the trailing of a stop loss without paying each time you move the stop up. I have read the information from their website and even called up their support line (the guy didnt seem to be sure either way) and I can't tell for certain.

I am a commsec client but I've only used their automatic conditional order (stop loss feature) a couple of times. My understanding of how the payment option works is that you have 2 options. 1) pay about $9 or so from memory, so please don't quote me, when you place the stop loss order whether it eventually gets executed or not or 2) pay nothing when you place the stop loss order but you will be charged about $14 ONLY IF the stop loss order is eventaully executed. As far as I am aware, although I haven't tried amending stop loss orders, there is no charge for amending stop loss orders just as there is no charge for amending normal at-limit or at-market orders. But bear in mind that the above stop loss charges are in addition to the normal brokerage that is applied as normal if your stop loss order is executed.

2) When setting up a data feed, either EOD or live, for a third party charting platform like Amibroker, does the Data provider require your account to be restricted to a staic IP address? If not then do they tend to allow for data to be accessed by multiple pc's owned by the subscriber?

I used to use Quicken ShareAnalyser which uses the Hubb organisation as the data provider. When I was on a dial-up internet connection and had a dynamic IP address (ie...my IP adress was different everytime I connected to the www) the nightly data downloads worked fine but only from the pc I had ShareAnalyser installed on. I think the SA software must have some sort of security file installed on the pc (during software registration I suppose) it is installed on which the download routine looks for before allowing data to be downloaded. When I changed to cable broadband, and hence now have a static IP address, there were no problems with the nightly downloads. I would imagine most other, if not all, reputable charting software would have similar security built in to prevent piracy and multiple users sharing the 1 software licence.

Thanks,
Dan

cheers

bullmarket

 

[tradez]

Thanks Bullmarket,
that answers my questions nicely. I have ADSL broadband but my ISP doesnt give me a static IP so I was keen to make sure that wouldnt be an issue if I subscribed to a data provider.

 

[bullmarket]

no problem tradez

Just as a suggestion, maybe send an email to your intended data provider or give them a call to confirm it won't be a problem before you commit to them and so avoid any nasty surprises.

Having a dynamic IP address wasn't a problem for me and I am assuming that any reputable data provider would not want to set up a system which excluded potential customers with dynamic IP addresses from subscribing with them and hence loose business.

cheers

bullmarket

 

[wayneL]

Thanks Bullmarket,
that answers my questions nicely. I have ADSL broadband but my ISP doesnt give me a static IP so I was keen to make sure that wouldnt be an issue if I subscribed to a data provider.

It's not an issue tradez as you log in just like any secure site.