Thanks for the info. The stop loss feature would make sense if we are trading only one strategy per instrument.
However when multiple strategies are used, we will need a consolidated stop loss to stop trading for all strategies for a particular instrument. When you tested the stop loss feature, was it part of a particular strategy such as classic or was it designed to stop all strategies for one instrument such as ES? I trade options where the maximum risk and benefits are pre-calculated and exit conditions are also known before entry. On Jun 1, 5:10 pm, nonlinear5 <[email protected]> wrote: > Defender1 and Defender2 have an exit, in a traditional sense. That is, > they normally enter a position, exit, and then waits for the next > entry. The rest of the strategies are always in the market, either > long and short. Note that JBT only supports market orders. However, it > should be fairly straightforward to accomplish the effect of a stop > order with a market order. Since the onBookSnapshot() method of the > strategy is invoked every second, you can track the loss in there and > have your strategy close its current position when the loss exceeds a > certain amount of certain number of points. Same thing applies to > trailing stop and limit orders. > > In regards to the use of "classic" strategies, JBT has a good > optimizer, and as many people (including myself) have discovered, > adding a stop loss to a strategy almost never improves the strategy. > This is, of course, in direct contradiction with all the > recommendations made by all the trading gurus, courses, and papers, so > it's really up to you to verify the claims. > > On Jun 1, 7:25 pm, Keith <[email protected]> wrote: > > > Hi, > > > It was mentioned somewhere in the discussions that classic strategy > > model has price targets and stop loss embedded in it. The current > > version does not have a strategy called "classic" and at first glance, > > I could not find it in any of the 7 example strategies. Is position > > management done in other classes, if yes, which classes should I > > study? > > > Thanks. > > > Keith -- You received this message because you are subscribed to the Google Groups "JBookTrader" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/jbooktrader?hl=en.
