OmniVest Forum : General OmniVest Feature Requests : Account League Table At Summary Level Only

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OmniVest User Forums General OmniVest Feature Requests Account League Table At Summary Level Only		Last Activity 12/14/2017 8:41 PM 7 replies, 623 viewings

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GordonG

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Subject : Account League Table At Summary Level Only
Posted : 3/10/2014 7:22 PM
Post #29415

While not adding to improving OV explicitly, it'd be useful to know for comparison whether my account is on the right track or not by being able to compare it to others. Would not want accounts or owners to be identifiable, and could be opt-in (but only those that opt-in can see the table - and can't switch in and out rapidly either). So if other accounts are doing substantially better than mine over a decent period of time (>2 years) I'd be asking questions about my account setup. Somehow some settings would have to be normalised (amount of leverage) to be able to compare properly.

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Jim Dean

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Subject : RE: Account League Table At Summary Level Only
Posted : 3/11/2014 6:09 AM
Post #29416 - In reply to #29415

This makes sense, but IMHO it borders on the very touchy subject of personal privacy. It's sorta like those options some software provides to send in tracking info about your use, without any personal info, to help them out. Some people readily do that, others always check the "no" box.

I think Nirvana would be wise to stay far far away from this practice, even if it's toggled by each user, especially once they are actually running the TP's that interact with brokerage accounts, on behalf of the user. If Nirvana opens the door even a tiny crack to share "anonymous" info from people's accounts, either externally or internally, it will make some folks worry or wonder a little bit about what else might be occurring. Prudence in this area is the wise course.

The only exception would be those Elite Trader accounts through which customers are using to "sell services" to other people - in that case, the customer actually requests the info to be exposed. I have been asking Ed, in those situations, to make a very clear distinction between "barebones" ET clients who are using ET just for their own purposes, vs those who are marketing services to others and have their own "page".

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GordonG

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Subject : RE: Account League Table At Summary Level Only
Posted : 3/11/2014 6:29 AM
Post #29417 - In reply to #29415

Might actually expose what a load of rot those elite trading accounts might actually be, or might not be, who will really know. Comparing elite trader apples with elite trader apples (if all junk) only gets you so far. Exposing what many users can do with OV would probably expose what little value elite trading services provides, or it might serve to show value. So far there is very little transparency (in itself potentially raising much more concern about OV success of the platform) and if users are prepared to put it out there for others then that's one way for Nirvana to be open (they surely have the data to mine for themselves on the data server already), or we can organise it on a thread in the forum ourselves.

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Jim Dean

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Subject : RE: Account League Table At Summary Level Only
Posted : 3/11/2014 6:37 AM
Post #29418 - In reply to #29417

I see the value. I'm just advising caution. Any sharing should be by permission only. Any ET accounts that are for sale would by necessity have their historical performance documented and certified. That would prevent loads of rot from being promoted.

[Edited by Jim Dean on 3/11/2014 6:39 AM]

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Steve2

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Subject : RE: Account League Table At Summary Level Only
Posted : 3/11/2014 7:45 AM
Post #29419 - In reply to #29418

I'm all for sharing results but not necessarily portfolio and account settings configurations. I think the best way to do this would be through user postings in forum threads with users posting historical trades as well as summary results. I did this monthly for my live trading account for most of 2013. Although I was focused on sharing slippage data the trading results were there as well.

As has been discussed before, where I think Nirvana should post daily aggregate data is the total number of shares traded by symbol across all accounts that are marked as being traded. This would give customers visibility into how much volume is being driven by OV and enable them to assess whether or not that volume is high enough to influence opening prices. As the OV customer base grows, I think this would be important data to have.

Steve

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Jim Dean

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Subject : RE: Account League Table At Summary Level Only
Posted : 3/11/2014 7:52 AM
Post #29420 - In reply to #29419

I wholeheartedly agree with Steve. Data about how much activity or how much slippage is occurring by symbol is useful, totally generic, and otherwise impossible for OVest users to know about.

I also agree that users posting things on the forum is very helpful, especially for folks who don't have a strong urge for data-mining and experimentation. Let people share what they wish to share ... don't extract the information without their permission.

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GordonG

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Subject : RE: Account League Table At Summary Level Only
Posted : 3/11/2014 6:33 PM
Post #29446 - In reply to #29415

Hi, think it always has to be permission based as originally suggested, but also only at account level in a non-identifying way - and no settings, much like the strategy statistics. From related comments here, I was also very keen to avoid having to mine my own data to determine slippage statistics when I'm sure Nirvana have this aggregated data already for each broker (they're certainly trading their own accounts at GX so could at least mine that for us off the data server). What's keeping them from helping us understand if it's a problem having not enough CAR for TPM, as a high CAR with a very high TPM might be death to the account if slippage is significant. Am thinking we need a slippage figure to put into the simulation, as probably suggested already. I'm trading both IB and GX and seeing plenty of slippage (an observation only) which is relevant to the RTM strategies I'm using.

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BrianD

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Subject : RE: Account League Table At Summary Level Only
Posted : 3/11/2014 9:22 PM
Post #29449 - In reply to #29446

Gordon: I've been watching slippage between OV's entry/exit data and real trading brokerage account's entry/exit data. I was comfortable with the ebb and flow (+ & -) in 3-4qtr '13, and I maintained overall positive. However, Jan, Feb kicked my butt, in a negative way. Slippage has settled down now in March - go figure. I do not follow VIX too closely, but I know it was up in Jan/Feb.

As far as mining, the data are available. Except for OV Exit price, everything is in the email reports I get every day from TP.

Another note, I'm running multiple live accounts (IB as brokerage) and many times the same symbol is traded across accounts. I have tried multiple combinations of settings between brokerage, OV and TP controls to affect slippage, and never found any difference - entry/exit slippage is always the same between accounts :-0

I'll eventually move 1-2 account(s) to GX - interested in seeing slippage between broker executions. I'd be interested to know what your experience is between IB and GX executions.

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