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Steve Mayo

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Subject : RE: How Omnivest Works
Posted : 5/10/2014 1:16 PM
Post #30510 - In reply to #30505

I'm sure, Jim. I've discussed with Ed previously, asking how they determined the default percentage (they hand-picked a number that would generate the best performance for that list+strategy and make them "comparable" in a listing).

And, it's easily testable. Here's a comparison of the "Nirvana Canned Version" of R10-L-SP with two I created. On one, I set my % per trade at 25%, on the other, I set my % per trade at 10%.

Notice that the trades are exactly the same, only the Qty% is different -- and it's roughly 25% and 10% as per the "default" established for that strategy.


EDIT: Re-reading your question. The default is for that strategy, it still goes through the "adjustments" at the strategy, portfolio and account level, but all are a function of the default.

2nd EDIT -- I meant to say the DEFAULT value is fixed - the ultimate trade size gets modified by the strat/port/account settings. Dang Jim, I'm glad you don't work for the FDA. He He.

[Edited by Steve Mayo on 5/10/2014 1:37 PM]

Attached file : https___www_myomnivest_com_Trades_Strategy_aspx_AccountID_23647_ID_1405_Popup_1.png (98KB - 476 downloads)
Attached file : https___www_myomnivest_com_Trades_Strategy_aspx_Popup_1_Mode_all_ID_716732_HistoricalPositions.png (86KB - 448 downloads)
Attached file : https___www_myomnivest_com_Trades_Strategy_aspx_AccountID_23647_ID_716732_Popup_1.png (93KB - 435 downloads)

Deleting message 30510 : RE: How Omnivest Works


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