Hi, the idea that is coming up here, seems to be very interesting: having portfolios from multiple instruments. I believe this would be a great addition. Let's suppose you have to strategies on different instruments: but you want to trade only one: if there would be portfolio management in jbooktrader, you could take the first signal and ignore the second by the other strategy, if it arrives, while you are in the market. - Or if we add some sort of reliability indicator to the strategies, you could allocate money to the different strategies based on the expected quality of the signals. This would be very interesting.
Also one could have multiple strategies on the same asset. The portfolio could trade a multiple of those, but at most 3 (e.g.,). So, a portfolio could add across strategies money and risk management. Something which can at this point not be done with jbooktrader. But I am afraid, this would mean a VERY significant extension and modification of the software... Klaus On 3 Jun., 19:45, Keith <[email protected]> wrote: > Thanks Eugene for the quick solutions, I will test them out and get > back to you. > > I remember trying out button Trader a few years ago and using their > great intuitive interface against ES for for setting profit targets > and stop losses against a tick chart - it would be very nice if we > could somehow emulate and automate that gui. > > Keith > > On Jun 2, 4:54 pm, Eugene Kononov <[email protected]> wrote: > > > > > For those who are anxious to try the "classic" strategies, I am attaching > > two sample strategies, LossStopper and ProfitTaker. The first one uses a 7 > > point stop. The second one uses a 5 point profit target. These are > > optimizable parameters, so feel free to experiment. Trailing stop can be > > done in a similar fashion. > > > On Wed, Jun 2, 2010 at 2:26 PM, ShaggsTheStud > > <[email protected]>wrote: > > > > On Tue, Jun 1, 2010 at 9:19 PM, Keith <[email protected]> wrote: > > > >> Unless we are trading a single strategy per instrument at a time, we > > >> will need a risk management strategy for the whole portfolio at risk. > > > >> Besides the performance manager, I recommend we have a risk manager > > >> object to look at all open positions, monitor profit and stop loss > > >> targets with the ability to close any strategy instantly. TWS has a > > >> function to close all positions, this could be one of the methods of > > >> the risk manager. > > > > The concept is interesting. Honestly I don't know how many people here > > > believe they will be trading multiple strategies at the same time any time > > > soon - especially more than two, unless we have a really good strategy > > > developer lurking in the shadows with a big account balance. > > > > Just tossing out an idea here to think about - maybe this could be > > > implemented in an external program, through a basic interface to JBT which > > > would include a basic "pull the plug" command, and an interface that > > > provides basic information about present positions and past trade > > > performance. The reason this might be nice is that it could reduce > > > clutter > > > in the codebase, and could be integrated into a larger portfolio > > > management > > > system if the user wanted to. > > > > -- > > > 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]<jbooktrader%2bunsubscr...@googlegr > > > oups.com> > > > . > > > For more options, visit this group at > > >http://groups.google.com/group/jbooktrader?hl=en. > > > LossStopper.java > > 2KViewDownload > > > ProfitTaker.java > > 2KViewDownload -- 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.
