Posts: 76
Joined: 10/11/2012
Location: Sydney, Australia
User Profile Hi, Have been waiting for something better to use in account settings than a basically dumb Price * Avg Vol Descending setting for Trade Selection Order... and TradeScope Bias would be something that surely would work better? Can it be made available as an option please? Thanks, Gordon.
Posts: 76
Joined: 10/11/2012
Location: Sydney, Australia
User Profile This feature would also be applicable to the Dynamic Lists Selection Order as well.
Taking possibilities further, the TradeScope Bias might also be a suitable metric for Dynamic Trade Sizing, where the Bias can determine size of a trade within a band (as say a percentage of account size like 5%-10% per trade). So a high TradeScope Bias might allocate a trade 10% of equity, and a low Bias trade more like 5%. So we are prioritising trades more intelligently, but then also allocating our equity/risk hopefully more intelligently. But if Trade Selection Order selects all high bias trades, the sizing may prove moot. Anyway we know smart trade sizing can be a good thing and we should have a way to do it.
Posts: 33
Joined: 9/21/2013
Location: Caledonia
User Profile I totally agree Gordon. I think even something like RSS (Smooth Strength) or any relative momentum selection process would be great... Just my 2 cents.