OmniTrader Upgrade Forums
ATM
“Pros and Cons of ATM Upload to OmniVest”
9 replies, 2513 viewings
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OmniTrader Upgrade Forums
ATM
“Pros and Cons of ATM Upload to OmniVest”
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Last Activity 4/21/2021 9:48 AM 9 replies, 2513 viewings |
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JEM Member  Posts: 35 Joined: 1/28/2007 Location: victoria bc  User Profile |
I have been trying, as best I can, to understand how the whole ATM systems work on OmniTrader. Would someone explain to me the pros' and cons' of working with ATM on OmniVest versus Omnitrader. Should I be moving ATM's to OmniVest ? Thanks so Much Jim McNeill [Edited by JEM on 10/10/2018 2:45 PM] | ||
| jpb Veteran  Posts: 168 Joined: 5/11/2005 Location: Brown Deer, WI User Profile |
If you have an ATM method you like on OT, but don't want to have to run it locally to trade (manually or with AutoTrader), upload it to OmniVest (assuming you have access) and run it there against your account. Why? 1) You know OmniVest is running all the time so you don't have to worry about your PC crashing. 2) You have access to the features of OmniVest and can blend ATM in with your other OmniVest portfolios. 3) If you let others subscribe to your ATM method, then you might make some additional cash. 4) If I'm not mistaken, you can enable dynamic lists for use with ATM (something you can't do on OT). I'm personally using OT as my test bed and trying out different ATM methods with AutoTrader with an eye toward uploading ones that I want to trade for the long term under OmniVest. | ||
| Jim Dean Sage   Posts: 3022 Joined: 9/21/2006 Location: L'ville, GA User Profile |
Pros- Fully automated independent of power surges, internet glitches etc Able (maybe) to use OV Dynamic Lists for representative backtesting Presumably it can be combine in a portfolio, like a Strategy (unclear) You can offer it for sale as an Elite System if it passes N muster Cons- Likely to cost something - though I haven’t been able to get N to tell me how much Licensing agreement, when read carefully, implies they own it once it’s uploaded Not easy to tweak for tuning or development without repeated uploads [Edited by Jim Dean on 10/10/2018 12:42 PM] | ||
| Buffalo Bill Legend  Posts: 539 Joined: 10/3/2006 Location: Stafford, VA User Profile |
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| Jim Dean Sage Posts: 3022 Joined: 9/21/2006 Location: L'ville, GA User Profile |
I’m not clear about when/if Limit orders work in OVest yet - or in uploaded ATM. I *think* that OVest and uploaded ATM support Mkt orders and MOO … and Mkt orders only kick in during special OVest-scheduled morning processing. If any of that is wrong, someone please correct me. [Edited by Jim Dean on 10/14/2018 2:48 PM] | ||
| Barry Cohen Sage  Posts: 6338 Joined: 1/19/2004 User Profile |
https://www.myomnivest.com/marketing/standingoffers/strategyupload.aspx But it isn't ready yet as some issues are still being worked out. All the pros & cons that apply to the previous strategy upload will also apply to the ATM method upload (only Market & MOO orders, etc). Uploading one method will count as one uploaded strategy (OV system). | ||
| SteveL Veteran Posts: 262 Joined: 8/19/2005 Location: Boulder, CO User Profile |
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| Barry Cohen Sage Posts: 6338 Joined: 1/19/2004 User Profile |
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| DesertDude Veteran Posts: 108 Joined: 12/15/2003 Location: Texas User Profile |
Regarding the above link you added for omnivest. It lists the requirements of updated strategies that says they must be 100% mechanical. Will that be changed for OT2019 Global Optimization (GO) purposes where mechanical strategies are now opting to go optimized for GO purposes? Thanks, dnhoward | ||
| Barry Cohen Sage Posts: 6338 Joined: 1/19/2004 User Profile |
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