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Jim Dean

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Joined: 10/11/2012
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Subject : RE: List of Strategies
Posted : 3/12/2013 3:06 PM
Post #24522 - In reply to #24520

Hi Bob-

It's sort of difficult to say much specifically re the strats since we know very few details.

For Trending strats of any sort, FILTERS are the key IMHO. Quite a while back I offered to share a nine-market-state indicator for Nirvana to incorporate for such purposes - never heard anything back about it though. I've requested that OVest allow us to define filters for each of the canned strats, but I sort of doubt that will happen.

Also, as for all types of strats, I believe that the sophistication of exit logic has a greater impact on Strat performance than the entry logic. That's why I've asked for lots of different exit options to be made avail. Again, I sort of doubt that will happen.

As I see it, OmniVest strategies are intended more or less to be "take it or leave it" - and that the users are to put portfolios together based on empirical fiddling around with equity curves rather than careful thought based in understanding the details of the strategies themselves.

And, although that's not my normal way of thinking, I am nonetheless drawn to the concept - rather than being like a chess game, it's sort of like one of those 2000-piece jigsaw puzzles.

In my opinion, the thing that will make OmniVest "work" along those lines is unrelated to the specifics of the strategies - it all hangs on the sophistication and versatility of the risk control and money management options provided. Still a long way to go in in that department, but I'm looking forward to when they have time to really concentrate more on it.

Hopefully, part of that MMgmt suite will include the ability for the user to draw on the nime Market State model, and direct which strategies can be applied as a function of market state.

I hope this long rambling story helps somehow.
Deleting message 24522 : RE: List of Strategies


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