GordonG
 Regular
   Posts: 76
Joined: 10/11/2012
Location: Sydney, Australia
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Still looking for simple ideas that will make a quick big improvement for use of OmniVest...
One last idea for the next round might be this... seems we are letting a lot of trades go in the RTM area for example because they fire somewhat at the same time (same day) and can only take X many, but which ones do we choose from in that >X daily list? I have suggested using some ARM metrics to perhaps try and select the best candidates (which is one good idea I’d hope), something has to be better than alphabetical (skewed to possibly same candidates winning each time), random would even be better (not offered as an option – probably couldn’t back-test unless “randomness” designed to be repeatable).
So one other idea for candidate selection might be to allow the user to priority rank their strategies, so for example my higher quality ARM strategies I might want their candidates to always get selected before some others. I’d still want some other tie-breaker available after that process, if for example there are a lot of candidates from one strategy or from strategies having same rank/priority. This would then defer back to standard options like alphabetical, ARM metric, random, etc.
Another thing I’ve recently been thinking about is whether we should have different Max Exposures Per Symbol settings for Longs and Shorts. Still feel with the type of RTM signals being fired on most shorts there is more risk associated with them and I’d like to dial down the size of these trades specifically (while letting allocation run more freely – if there a lots of short candidates that’s telling the system something different than going large on one short trade). So for Longs I might allow a 20% trade but for shorts I’d limit it to 10% per symbol. I think a few ARM strategies go to 20%, but can’t be sure if they include shorts as well.
Keep up the excellent work and I think the approach you have taken to moving between versions is the right one (allow user to decide timing). Might prefer it to be even more granular though, so I could migrate a smaller account first to see if it trades in a stable fashion before moving over all my eggs into the one new basket.
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