Chapter
6 Monitoring
the
Trade
Processor
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Nirvana Systems Inc.
28
WizeVest Trade Processor User Guide
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Switching broker accounts in the Trade Processor Connection Settings.
Switching broker accounts when connected to the same WizeVest account will cause
the Trade Processor to cease managing positions that were opened in the previous
brokerage account.
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Switching WizeVest Accounts
The Trade Processor is configured to connect to one WizeVest account and one
brokerage account. Switching WizeVest accounts while connected to the brokerage
account that the trades were taken in will result in all positions being unmanaged.
Switching back to the original WizeVest account will result in the trades being
properly managed again, provided no changes were made to the account.
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Changing the Broker Account that was Previously Traded by a WizeVest
Account
Once the Trade Processor is connected, the selected WizeVest account and broker
account are then linked. If that specific WizeVest account is later connected to a
different broker account, the original WizeVest account & broker account link will be
severed which will result in unmanaged trades on the first broker account.
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Deleting WizeVest Accounts
Deleting a WizeVest account that the Trade Processor has placed trades for will result
in the Trade Processor no longer being able to connect to that WizeVest account,
therefore resulting in Unmanaged Positions.
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Partial Fills by the Broker
Temporary Unmanaged Positions will occur when an order is partially filled. Once
the order has completely filled the unmanaged entry should disappear. Normally this
state only lasts 5-10 seconds while the broker completes the fill for the trade.
No Position(Orphaned)
There are additional cases that result in WizeVest trades that are no longer managed
where the trades will not be marked as "Unmanaged." The WizeVest Strategy will
still be shown, but under the WizeVest Action column the words "No Position” will
be displayed. We refer to these as orphaned trades.
