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Lawrence

New User

Posts: 4

Joined: 10/11/2012
Location: San Pablo, CA 94806

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Subject : Realistic risk control
Posted : 7/31/2013 8:06 AM
Post #26589

Please allow fixed dollar amount investing, allow for margin costs, post average % profit per trade, and update performance data based upon account settings for the statistics in strategies, portfolios, and accounts, including the trades themselves. This would give more realistic data to determine the effectiveness of using OmniVest in real accounts. THIS IS WHAT MATTERS TO INVESTORS AND TRADERS.
Fixed dollar amount is good for smaller accounts. A trade needs to be large enough to generate a profit AFTER EXPENSES in real accounts, and fixed dollar trades is the easiest way to do this. Performance data using fixed dollar trades would also not skew results in favor of when the account is larger and thus generating larger trades that the small investor or trader does not use.
Margin costs do add up.
Average % profit per trade can held determine the minimum trade size to be profitable for real life trades using that strategy, portfolio, or account. Performance DOES depend upon expenses - not including expenses until total profit is determined and then subtracting out the expenses maximizes APPARENT profit and DECEIVES the user into thinking a setup is profitable when it might not be for his account. It is inaccurate to say that all trades occurred without expense and then subtract out expenses only from the final total. This gives incorrect results (especially when the account is smaller), but I believe this is the procedure used to determine performance. Not considering expenses as they occur INVALIDATES ALL STATISTICS AND RESULTS.

[Edited by Lawrence on 7/31/2013 8:51 AM]

Deleting message 26589 : Realistic risk control


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