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Of course, in NT you can configure the fills to be quite lifelike which in 99% of the time means that price has to trade through your Limit to give you a fill.
TS with Rithmic is the opposite and, unlike NT, you have no choice how to select the fill criteria. It defaults to this going to heaven without dying quick touch fill that has the sole purpose of deluding you to think this is reality. A couple of touches and you get filled. Meanwhile everyone else who is trading Live waits in the cue to get filled.
If I'm off base here, let Mr. Patak or one of his lieutenants come here and explain why.
There's another piece to the TST business model that effectively makes it a negative expectancy venture for the cash paying Combine trader. I'll get to that later if anyone really cares.
That's right, but I think most futures traders are taught to use Limit orders rather than Stop or Market to avoid the slippage.
TST is a sucker's bet--a negative expectancy game--not unlike trading Futures in general. They have identified and capitalized on the greed and wishful thinking of the undercapitalized trader who is lured by a phantom 80% payout that will never materialize due to a very stacked deck of rules against the trader.
Yes, I know that. That's akin to shopping at Whole Foods for organic corn at $.25/ear only to learn it is always out of stock. And therein lies the TST hook; pay for Combines trying to win a Kewpie doll that's forever elusive.
Ever been to a carnival that has the game of spending a few dollars for 5 tries at throwing a dime inside a Coke bottle to win an oversized stuffed panda bear that's worth $1.00? Welcome to TST.
I know what you are saying, but I believe this is not intentional. Besides, behaviour differs for different instruments. You can and will get a lot of live fills just on touch in thin markets like crude or gold.
then there will be a situation and a discussion concerning slippage ))
I know what you are saying, guys. I passed live with a strategy that performed too well on demo due to unrealistic fills. I tested it live, on my own account, and it worked, maybe not miraculously, but it worked enough to make sense to continue this venture with it.
But I don't think this is a TST issue per se, if anything they take an extra risk due to that, if they let you pass live and give you a drawdown to burn with it, they take the heat. I think this is a matter any prudent trader shall consider and evaluate him- or herself.