Hi,
Can wealthlab do algo trading on portfolio basis? Eg:
I have the following in the portfolio (lets call it Portfolio A):
long EURUSD FX
long AUDUSD FX
long GBPUSD FX
short NZDUSD FX
I do not wish to have a stop loss on each individual currencies. Instead, I want to keep a stop loss on Portfolio A, such that if Portfolio A p/l is loss of 5k USD, it will close all the 4 fx positions. Likewise, if p/l hit the profit target, it will also close all the 4 fx positions.
Qn 1: Can Wealthlab do that?
Qn 2: If the portfolio include mixtures of FX, stocks indices, futures, can Wealthlab handle auto-trading on portfolio of different instruments?
Tks
Can wealthlab do algo trading on portfolio basis? Eg:
I have the following in the portfolio (lets call it Portfolio A):
long EURUSD FX
long AUDUSD FX
long GBPUSD FX
short NZDUSD FX
I do not wish to have a stop loss on each individual currencies. Instead, I want to keep a stop loss on Portfolio A, such that if Portfolio A p/l is loss of 5k USD, it will close all the 4 fx positions. Likewise, if p/l hit the profit target, it will also close all the 4 fx positions.
Qn 1: Can Wealthlab do that?
Qn 2: If the portfolio include mixtures of FX, stocks indices, futures, can Wealthlab handle auto-trading on portfolio of different instruments?
Tks
Rename
We have a feature called Trading Thresholds that can be configured to stop trading, and even close out open entry orders, when a certain threshold is hit, and you can set that to buying power. It operated on a per account basis, so it would work as long as the instruments were in the same account.
You could also query the overall simulation equity in the strategy code and make decisions based on that in your strategy rules.
It probably isn't exactly what you're looking for but that's the closest.
You could also query the overall simulation equity in the strategy code and make decisions based on that in your strategy rules.
It probably isn't exactly what you're looking for but that's the closest.
QUOTE:
Qn 2: If the portfolio include mixtures of FX, stocks indices, futures, can Wealthlab handle auto-trading on portfolio of different instruments?
Yes, WL supports trading with multiple brokers (and even multiple accounts at the same broker) simultaneously. This video shows two DataSets assigned to different brokers when auto-trading in the Order Manager:
https://www.wealth-lab.com/images/content/software/autoTrade/OrderManager.mp4
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