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John W

Regular
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Posts: 96

Joined: 6/18/2011
Location: Sydney, NSW, Australia

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Subject : RE: Help with Multiple Entry Strategies
Posted : 9/23/2021 3:11 AM
Post #31622 - In reply to #31620

Thanks Barry and Jim, great advice and I’ve been able to prove the concept, and it works.
I’m not sure if every trade works as advertised but it looks very good, I will do more detailed checks on results this weekend.

I’ve attached an example of a Trade Plan set out similar to your suggestion Jim, slightly modified because I have a different exit on one of the 3 long strategies.
At step 5 or 6 two of the strategies use the same trailing stop to exit.
At Step 5 or 7 the third strategy uses a GA that looks for opportunities to short the market as an exit signal (see the Omniscript editor box as an example how this can be done).

The benefit of Jim’s approach is all 3 strategies can enter and grow position size on a symbol at different times, and exit at different times too.

The only other way I know to achieve this is to upload each of the 3 strategies to Omnivest because it allows multiple strategies to independently add position sizes on a symbol, but I don’t know if OV allows partial exits (Barry, perhaps you could comment here?)




[Edited by John W on 9/23/2021 4:57 AM]

Attached file : 2021-09-23_17-50-04.jpg (149KB - 629 downloads)

Deleting message 31622 : RE: Help with Multiple Entry Strategies


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