OmniVest Developments
OmniVest News
OmniVest 3 Portfolio Builder
25 replies, 2944 viewings
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OmniVest Developments
OmniVest News
OmniVest 3 Portfolio Builder
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Last Activity 2/20/2018 9:38 AM 25 replies, 2944 viewings |
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Ed Downs Elite    Posts: 645 Joined: 2/7/2007 Location: Austin, Texas  User Profile |
Click Here to download the December issue of OmniVest News. Click Here to watch a video that describes the new features. Click Here to download the presentation that goes with the video. My sincere thanks go to the team that assisted in the development of ideas that went into Portfolio Builder. Looking forward to vigorous discussion in the Forum! | ||
| ET New User Posts: 3 Joined: 10/11/2012 Location: Whitesboro, Texas User Profile |
Thanks, and Best ET | ||
| Barry Cohen Icon  Posts: 1844 Joined: 10/11/2012 User Profile |
BIB BIS ITB XBI XLB XLI | ||
| Randy McBeath Member Posts: 13 Joined: 10/11/2012 Location: Mountain View, CA User Profile |
I tried last night for almost 2 hours to set up a portfolio following Ed's instructions in the new video and Portfolio Builder newsletter. I was using Ed's simple settings, with only 1 custom list (ETF0) enabled. I'm not sure if the server was overwhelmed with other users trying the system out or what, but everytime I hit Build, it would run for about 5-10 minutes and then I would get a timeout message. I know this list has more entries than Ed's example, but I fully expected it to complete at least once. Can someone check if the server is working properly or let me know what else I should try. | ||
| John W Elite Posts: 654 Joined: 10/11/2012 Location: Sydney, NSW, Australia User Profile |
I'm hoping that the run time allowed for processing can be significantly extended because I still have to crunch the same symbol list, I just end up having to break it down into many smaller runs! John | ||
| Randy McBeath Member Posts: 13 Joined: 10/11/2012 Location: Mountain View, CA User Profile |
Thanks for your comments. I will try to break the list up and rerun it, but I think most users will simply click a list and try and let it run. My concern is that many of the lists that people can select in any of the 4 categories (Sector, Groups, Subgroups, and Custom Lists)contain a similar number of stocks or ETFs as the ETF0 custom list. | ||
| Jim Dean Elite Posts: 1059 Joined: 10/11/2012 Location: L'ville, GA User Profile |
Possible solution for bigger lists ... Create a Custom list that starts with the too-long list you want, then ranks it by some formula, and peels off just the top 10 or 20 (or whatever number works) of symbols. | ||
| Steve Mayo Legend Posts: 414 Joined: 10/11/2012 Location: Austin, TX User Profile |
In our testing, we were limiting ourselves to no more than about 30 symbols, at least when the single-symbol strategies box is checked. Think about it, most of the categories have more than 25 systems. Multiply that 25 by the number of symbols and you get big numbers of system-symbol pairings that have be created and analyzed. That's more than a non-production server can handle. But, that's why this is such a great new tool! Running 30 symbols one-by-one in Strategy Wizard might take you several days of work, not counting the time to filter through all that. Then to find a good combination of those system-symbol pairs could take another few days of work. PB does that in just a few minutes! Steve Mayo | ||
| Eric Severance Member Posts: 23 Joined: 10/11/2012 Location: Incline Viallge, NV User Profile |
Ran into this last night too...(timing out), on pretty short lists (~50), with just RTM selected. Ed said they're working on it. FYI - Have also asked (Ed) if Port Bldr will be able to handle Historical and Dynamic lists... Obviously could be much more resource intensive. | ||
| Steve Mayo Legend Posts: 414 Joined: 10/11/2012 Location: Austin, TX User Profile |
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| Eric Severance Member Posts: 23 Joined: 10/11/2012 Location: Incline Viallge, NV User Profile |
Thanks, that's good news. BTW - do you know how PB is handling leverage; i.e. Margin, or lack of? I'm either not seeing that (a setting for margin) or it's being driven off of the Account settings of the (background) account I have selected - just not clear. [Edited by Eric Severance on 1/8/2016 2:09 PM] | ||
| Steve Mayo Legend Posts: 414 Joined: 10/11/2012 Location: Austin, TX User Profile |
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| ricastein Member Posts: 12 Joined: 3/13/2014 Location: Aurora, Colorado User Profile |
Also, I'm using about 30 symbols per portfolio, but Portfolio Builder is assigning like 150 to 180 strategies per portfolio. Will Omnivest be able to trade all these strategies when I start trading them in an actual account? Finally, how long should I paper trade these portfolio's before using them in an actual live account, to be sure they withstand actual trading? | ||
| Steve Mayo Legend Posts: 414 Joined: 10/11/2012 Location: Austin, TX User Profile |
Yes, we've been running hundreds of one-symbol strategies in a single account with no problem. Paper-trading is a personal decision. I usually don't do any! But, I do lots of simulations beforehand and watch the account closely for the first several months. Steve | ||
| Barry Cohen Icon Posts: 1844 Joined: 10/11/2012 User Profile |
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| BrianD Legend Posts: 302 Joined: 2/23/2013 Location: Grand Rapids, MI User Profile |
Regarding paper trading, my experience with a brokerage account (in my case IB), may not be representative of actual, live (your money) trades. Two major issues I've found: - Paper trades have a lot of slippage. However, I found "live", real (my) money trading compared to OV 'Simulation' trade values were very close. I once spoke to IB on this, but did not get any solace from IB support. Just be careful with broker's paper accounts - possibly not a valid representation of actual performance. Maybe someone else on the Forum has a more educated viewpoint. I also doubt other brokerages paper accounts are better than IB BTW, you can see some discussions on slippage experiences between live and "OV Simulated" tracking in the forum. - Dependent on what you are trading, (i.e. low volume/liquidity, shorting, different Brokers, etc.) real (your money) results will be different from simulation and/or paper results. For instance, if there is an obscure Symbol in your list/results, it may not be short-able, at all, or by your broker. Bid-Ask spread can be big on obscure and/or low volume symbols too. Most likely, you will not 'experience' this in 'paper trade' mode (I tend to favor high, min volume values in the Account settings because of this). Now, with 'Eeyore' comments out of the way, if you are speaking of OV paper trading, I do believe if you set an Account (being cognizant of potential pitfalls in real money trading) to "Trade=Yes" and watch the results from the "View Trades" web page, you will get a VERY reasonable composite of your Account performance - probably better than a paper trading with a broker. | ||
| Mark Holstius Elite Posts: 744 Joined: 10/11/2012 Location: Sleepy Hollow, IL User Profile |
I understand that limit of 10 is just until the Portfolio Builder moves over to the production server. Can you confirm that's just a temporary limit? Thanks, Mark | ||
| John W Elite Posts: 654 Joined: 10/11/2012 Location: Sydney, NSW, Australia User Profile |
Hopefully there won't be a limit (or at least a large number of symbols per run) for the production server. John | ||
| ricastein Member Posts: 12 Joined: 3/13/2014 Location: Aurora, Colorado User Profile |
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| ricastein Member Posts: 12 Joined: 3/13/2014 Location: Aurora, Colorado User Profile |
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| Jim Dean Elite Posts: 1059 Joined: 10/11/2012 Location: L'ville, GA User Profile |
Something to consider ... If you will review some of the earlier posts on this thread, you will see that the impact of "unfixing the fix" is not that it takes more time, but rather that it fails to complete ... ie, wait then no cigar. Also, you'll notice that the *reason* for this is that it is on their "test" server which doesn't have the horsepower to accomodate massive CPU pileups ... but please also note that once the "beta" phase of this is complete, they will be moving it to their "production" servers which will have the horsepower to open things up. So, my (unasked) advice would be to be patient and to consider the current release to be what many would refer to as a "beta" platform. I hope this helps. | ||
| Steve Mayo Legend Posts: 414 Joined: 10/11/2012 Location: Austin, TX User Profile |
In other words, if you turn on the RTMs (about 25 systems), then the app can easily multiply that by the number of custom symbols (say you have 20 symbols with "create single" checked) and know, before it tries to do all those calculations, that it will be creating 20 x 25 = 500 new system-strategy pairs. The system can reasonably create about 600 pairs without timing out. I don't know if that will increase once it moves to a background process; the main advantage of that move will be that it will run, like PB/PW, even if you get logged out. Currently, when you use the Nirvana symbol lists, the system first filters based on volume to the top-x, thereby avoiding the time-out issue on those. It's only the custom lists (which can't be easily pre-filtered in this manner) that cause the timeout. BTW, there are already plans to allow selecting specific systems (rather than, say, all RTMs) in the programming queue. | ||
| gbarber Veteran Posts: 282 Joined: 12/30/2012 Location: Pearland, TX User Profile |
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| Jim Dean Elite Posts: 1059 Joined: 10/11/2012 Location: L'ville, GA User Profile |
Your DL has a Condition filter to find the symbols, like: C*V > 10000000 … ie a true false formula Copy that formula to the Ranking Condition and remove the relational operator and the threshold: C*V … a formula yielding a number Now fill in the number of symbols you want in the DL in the Maximum number of Symbols field (like 20) [Edited by Jim Dean on 1/14/2016 5:23 AM] | ||
| ricastein Member Posts: 12 Joined: 3/13/2014 Location: Aurora, Colorado User Profile |
[Edited by ricastein on 1/18/2016 2:58 PM] |
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