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Multiple strategy on the same instrument, receive warnings of wash trade
Hello traders,
I recently got a warning again for misconduct of doing wash trade. Incident is result from multiple strategies implemented on the same instrument, and occasionally the long/short signal against each other at the same moment.
I use multicharts+AMP to do scalping trading, trade about 30 rounds cross several instruments per day, there is a bit of possibility the situation happens. Could any experienced trader kindly share a solution for this issue? AMP is about to close my trading account cause of this misconduct.
Can you help answer these questions from other members on NexusFi?
Broker: Interactive Brokers & Taiwan local brokers & AMP Futures
Trading: Stocks, Commodity & Index Futures
Posts: 117 since Jan 2017
Thanks Given: 135
Thanks Received: 100
Hi, sad for hear that, I haven't had this kind of experience, I think the best solution is communicating with AMP that you subjectively have no intend to wash trade, so it doesn't constitute wash trade, or write Email to CFTC or CME ask them.
And you can check out below thread which discuss whether it is wash trade or not.
