OmniVest Forum : Questions on Using OmniVest : Max Strategies = 1

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OmniVest User Forums Questions on Using OmniVest Max Strategies = 1		Last Activity 6/10/2024 12:04 PM 2 replies, 1020 viewings

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LarryJ

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Subject : Max Strategies = 1
Posted : 1/3/2017 7:39 PM
Post #36683

I get opening and closing trades on the same symbol on the same day. I thought by changing the "max strategies trading symbol" to 1 that would not happen. I did have a setting of 3 but When changing that setting from 3 to 1 how long does it take OV to reflect that in the trades?

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Barry Cohen

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Subject : RE: Max Strategies = 1
Posted : 1/4/2017 10:22 AM
Post #36684 - In reply to #36683

That setting allows you to limit the number of strategies that trade the same security. For example, if 1 is selected, there will never be more than one position open per symbol in that account. Although you still may have a new open order & closing order on the same day for the same symbol (still only one position open at a time).

If this happens & you're trading through the Trade Processor, it will aggregate the open & closing orders together to get a total number of shares, then submit that total to the broker, which could result in more shares bought, more shares sold, or nothing submitted if the share size equals zero.

You made the change on 1/3/2017, so at that point it should reflect the change, with the next morning's submissions.

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LarryJ

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Subject : RE: Max Strategies = 1
Posted : 1/4/2017 11:16 AM
Post #36685 - In reply to #36684

OV did finally update I believe to the 1 strategy. I assume it took some time working through all the calcs in the cloud (but was unsure at the time).
Previous multiple orders are there but seem to have resolved to showing "executed". Thanks Barry.

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