There is nothing wrong with the profit target and stop loss. This can be easily done with JBT. I'll include a sample strategy in the next release. It's just it has to be done for each individual strategy separately, as there is no "portfolio" type of target and stop loss feature.
On Jun 1, 9:04 pm, Keith <[email protected]> wrote: > > I am not sure I understand how this would be beneficial. Of two > > strategies S1 and S2 are trading the ES, and S1 is consistently making > > money, why would I stop it when strategy S2 is losing money? > > This is where I am trying to understand using multiple strategies per > instrument for IB and risk management. What if S1 was cancelled by a > reverse position by S3 and the rest of the strategies are all losing > money? What is the best risk management approach? > > Currently as I write this my forward simulated account with all 7 > strategies turn on for EUR is showing losses for every strategy - the > losses has been growing since I started it a few hours ago and is now > about -$5000 and each strategy is either at or exceeded the posted > maximum drawdown. > > How do we prevent a black swan event and have our account wiped out > without a stop loss feature? > > I remember watching Larry William mentioned on stage always to have a > stop loss amount before trading. > > > I've experimented with a stop loss on many different strategies, but > > testing them one at a time, not as a portfolio, as you suggest. There > > is no concept of a "portfolio" view in JBT where you can set the > > targets and exist for a set of strategies as a whole, but yes, it can > > be done. > > It would be great if we have that portfolio feature with the ability > to set profit targets and stop losses per day for each instrument. > Then one can design a system with a positive expectation. -- 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.
