I use WL7 for crypto (with commission) and non-crypto (no commission). I'm frequently having to remember to go into the "Backtest" preferences and change the commission amount back and forth. It would be preferable if the commission could be associated with specific markets or symbols, rather than being handled as a generalized preference setting.
Rename
Good idea, has my vote!
Totally agreed. Some international markets historically have their own commission style - like % of trade value.
Along with Commission I'd ask to add margin rates. Depending on the account provider you are running the strategy through both of these vary (TD vs Interactive brokers, etc), so adding these to advanced strategy location and use the preference values as default unless you modify them specifically for the strategy in advanced preferences like a check box to modify vs default values?
Commission request is isolated, Margin does not seem linked to it. Also it introduces broker dependency. I'd say it'd be fair to create a separate request for this idea.
Commissions AND Margin are both broker dependent.
You can already save the margin factor with the strategy, do you really think we need to go more granular?
Depending on the broker you can go from 2 - 8% for margin rates which can add up to quite a lot of fees when backtesting 10 years or more.
I can't fathom the reason why highly precise commissions and margin rates even matter. Are these going to materially affect entry and exit points? You'll be creating a maintenance nightmare trying to keep up with changes, for little gain.
QUOTE:
I can't fathom the reason why highly precise commissions and margin rates even matter. Are these going to materially affect entry and exit points? You'll be creating a maintenance nightmare trying to keep up with changes, for little gain.
Have you ever tried intraday? Fees and slippage do matter there).
QUOTE:Yes but they're the same for all strategies in that playing field. I'd suggest that any fee structure can differentiate good from bad strategies. Also, how large is the community of multi-market traders. Just my opinion, but the benefit does not justify the development and maintenance cost. We should probably agree to disagree on that. :)
Fees and slippage do matter there
@arflouro82
In real life they are but a Market defined in Wealth-Lab 7 is not broker dependent.
You can already define a custom Margin for symbols in the Markets and Symbols tool.
QUOTE:
Commissions AND Margin are both broker dependent.
In real life they are but a Market defined in Wealth-Lab 7 is not broker dependent.
You can already define a custom Margin for symbols in the Markets and Symbols tool.
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