OmniVest Forum : General OmniVest Feature Requests : TradeScope Bias For Trade Selection Order

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OmniVest User Forums General OmniVest Feature Requests TradeScope Bias For Trade Selection Order		Last Activity 12/14/2017 8:41 PM 2 replies, 761 viewings

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GordonG

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Location: Sydney, Australia

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Subject : TradeScope Bias For Trade Selection Order
Posted : 7/21/2015 7:34 PM
Post #35326

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.

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GordonG

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Subject : RE: TradeScope Bias For Trade Selection Order
Posted : 7/21/2015 8:28 PM
Post #35328 - In reply to #35326

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.

[Edited by GordonG on 7/21/2015 8:29 PM]

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Aaron

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Joined: 9/21/2013
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Subject : RE: TradeScope Bias For Trade Selection Order
Posted : 7/24/2015 5:16 PM
Post #35357 - In reply to #35326

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.

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