Alan Faris Member  Posts: 38 Joined: 10/11/2012 Location: Los Angeles, CA  User Profile | Traders change the way they trade all the time because what they were doing is no longer working. Successful traders keep records of what they did and why. What I'm proposing makes the big picture of your trading easier to understand, facilitates changing trading approaches, and keeps track of how and why. Through out this post I use the word approaches to reference all the systems, symbols and relevant trading parameters used in a simulation (formally an account). I propose a new table be added between the flow chart and the current account table. The current account table would be renamed "Simulations" preserving the simulation performance data. It is also the resource the trader would turn to when changing the trading account approach. The new table would be named "Trading Accounts". These accounts reflect how I think most people organize their trading. The columns in the table would be the same as the columns in the present account table. Clicking a trading account would display the accounts equity chart. If you then click the settings button that would brings up the tabbed Settings window with a few new entries: -- Account Nickname: Stock, ETF, IRA, Paper... (goes into account column) -- File Name: must be unique and entered at account creation -- GarWood/IB/MB Account#: Uxxxx The trade processor will automatically change to this number (several accounts can be alive at same time) -- Money added/removed from account, Date of move -- Change trading to approach [drop down box of simulation names] -- Approach transition: Fast (close all first) Gentle (let current trades play out) -- User Memo: why I made this change Pressing the Save button creates a new line in the database "File Name" The background for the equity curve of a trading account will alternate between two colors/densities whenever a change is made. Running the cursor over the curve you can see the most important change parameters listed in the tool tips below the cursor, clicking the mouse on the curve would bring up the entire event as a tabbed settings window that you can view but not change. These ideas reflect my trading approach I'm positive that other traders have additions that would make this section of of OmniVest both stronger and easier to use. Alan Faris | |
