OmniVest User Forums
General Discussion Topics
How Omnivest Works
42 replies, 7359 viewings
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OmniVest User Forums
General Discussion Topics
How Omnivest Works
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Last Activity 4/15/2019 7:43 PM 42 replies, 7359 viewings |
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tgrafa Regular  Posts: 63 Joined: 10/11/2012 Location: Midland, Texas  User Profile |
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| Barry Cohen Icon    Posts: 1844 Joined: 10/11/2012 User Profile |
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| Jim Dean Elite Posts: 1059 Joined: 10/11/2012 Location: L'ville, GA User Profile |
Thank you! | ||
| Geoff Veteran Posts: 180 Joined: 12/4/2012 Location: Byron Bay NSW Australia User Profile |
@tgrafa - thanks for spotting that typo, nice work! I will fix that. | ||
| Steve Mayo Legend Posts: 414 Joined: 10/11/2012 Location: Austin, TX User Profile |
Steve | ||
| Geoff Veteran Posts: 180 Joined: 12/4/2012 Location: Byron Bay NSW Australia User Profile |
Originally written by blueoceancruiser on 5/13/2014 9:06 AM Geoff, this is wonderful. I'm working on an instruction manual of sorts for non-technical users. Can I use this? Steve Steve, if it can help anyone to get started, I would be more than happy for you to utilise it anyway you can. BTW, I have just updated it with the 'Strategy Creation Tools' but, if you have any suggestions to improve it, I would be happy to make changes for you.  Attached file : OV Basic Use Flowchart Ver 2.pdf (129KB - 454 downloads) | ||
| Steve Mayo Legend Posts: 414 Joined: 10/11/2012 Location: Austin, TX User Profile |
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| Geoff Veteran Posts: 180 Joined: 12/4/2012 Location: Byron Bay NSW Australia User Profile |
This thread started by Mel, I think, really highlights the last hurdle to be faced by OV (lets assume OV is/will be successful, as we all think), and that is its perceived complexity. When I read Mel's post I initially thought, what's the problem, it's just technical analysis on a massive scale pumping out trades for our profit using strategies and portfolios. But then thinking it over, I have been trading and using technical analysis a long time and OT since '98, so I am comfortable with the whole concept and with Ed too! If I was someone with little trading experience or technical analysis skills then I can well imagine how utterly confusing and confronting OV might be initially. I put this flowchart together in the hope that it will help get some people over the initial hurdle of its perceived complexity because we users all need OV to work and be accepted out there in the market place, it's the only way we will reap its benefits in the years to come. BTW, I firmly believe that Ed Downs is the only person in this industry that can pull this sort of project off. Go Ed! Looking forward to seeing the website. | ||
| BrianD Legend Posts: 302 Joined: 2/23/2013 Location: Grand Rapids, MI User Profile |
1 = Yes 2 = No 3 = Strat Lab output is a new labeled (e.g. Rx-x-SP(1)) strategy, so 'use the default' would be to use the base strategy? Personal approach: Now, instead of making a new Strategy, I adjust the "Alloc" of the Strategy in the Portfolio view. As I see it, basically accomplishes the same as creating a new strat with "Allocation % per trade" defining a new % allocation. Now I only use the "Allocation % per trade" in the Strat Lab to see how strategies run across Lists in equal % allocation. A little less confusing for me. Edit: I understand your point after reviewing strat lab page more. Seems you can reduce, not increase and there is no 'use default'? Never noticed because I was lowering % alloc - I'm a little risk adverse ;-) [Edited by BrianD on 5/12/2014 9:45 PM] | ||
| Jim Dean Elite Posts: 1059 Joined: 10/11/2012 Location: L'ville, GA User Profile |
What we NEED is a true Position Sizing algorithm. One that everyone understands, and that the user can supply an OScript formula for. I provided such a formula to add a month or two ago, at his request, and he seemed to like it, but I guess it's currently in limbo - I'm not certain if it's planned for the future or not - or when. I've really tried to keep up with sizing stuff, but honestly I'm *very confused* how the various rules re percentage effects from the orig Strat, the Stratlab pct, the Strat pct in port, the port pct in acct, and then the dynamic account-setting rules all interact. I wish that someone with access to the code would just write up a single white paper that explains with math and examples how all of it interacts - every possible effect. Then at least we could "trace" the process and have sure knowledge of the Position Sizing in use. [Edited by Jim Dean on 5/13/2014 4:58 AM] | ||
| BillM Member Posts: 13 Joined: 6/20/2014 Location: Prosper, TX User Profile |
Y E S Y E S Y E S I'd be on THAT website right now if it were available.... I don't know the difference between a bit and a bite, or a '1' and a '0' etc., and don't care to. I'm on here to make some money. Period. I don't mean to offend any purists on here, but it is beyond my menial capacity to understand what goes behind the knobs and levers.......and that's OK with me. Just help me USE this (seemingly) wonderful product. Thanx! Bill | ||
| Steve Mayo Legend Posts: 414 Joined: 10/11/2012 Location: Austin, TX User Profile |
[Edited by Steve Mayo on 7/13/2014 12:52 PM] | ||
| BrianD Legend Posts: 302 Joined: 2/23/2013 Location: Grand Rapids, MI User Profile |
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| BillM Member Posts: 13 Joined: 6/20/2014 Location: Prosper, TX User Profile |
Is there a setting YOU can reset, or change, or allow the page to fully print, normally? Did your process LOCK the edges or lines, or format or anything like that? Sorry I don't know the exact name of the problem - but wanted to see if you knew - and if it could be 'fixed' to allow full page printing by realigning the edges of the pages?. Thanks! Bill | ||
| SteveL Veteran Posts: 189 Joined: 10/11/2012 Location: Boulder, CO User Profile |
I thought I might be able to help you in case Steve Mayo is busy. There is "printer" icon (on the upper right hand area, just to the left of the "LOGIN" button) which works for me to properly format for printing (see snapshot below), otherwise you might try using landscape mode. [Edited by SteveL on 7/14/2014 10:17 PM] Attached file : 2014-07-14_21-11-40.png (12KB - 578 downloads) | ||
| BillM Member Posts: 13 Joined: 6/20/2014 Location: Prosper, TX User Profile |
Thank you Steve L. I figured it was me....I was trying to use the 'print' on the top tabs...... OK, that is settled..........now..... what's the best strategy for the best portfolio to make the best returns...... :-) :-) Thanks again, Steve L.! BillM | ||
| Eric Severance Member Posts: 23 Joined: 10/11/2012 Location: Incline Viallge, NV User Profile |
[Edited by Eric Severance on 7/15/2014 7:47 PM] | ||
| Don_Schu New User Posts: 1 Joined: 1/24/2014 Location: Lexington, KY User Profile |
Can you refer me to another site that is intended to produce the original site's features, or are we smart enough to not need this kind of site? Don [Edited by Don_Schu on 4/14/2019 2:22 PM] |
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