Per Subscription Equity Limit Please!!
kokomo inn
How can I set the account Equity of a subscription to 10k? The whole Liive Broker account has $100K, I am separately ROBO- TRADING - ETFS, Large, Mid, and Small Caps and I Wish to slice the live account equity up using multiple subscriptions/Strategy for different sizing of orders and not limit number of tickers or restrict to specific tickers. (this doesn't really work anyway). Currently any subscription can easily spill into the ($100k-$10k) $90K I wish to reserve for other subscriptions.
Lindsey Starkweather
Hi John,
The webhook is the way to route trades to a subscription. I've implemented something like below... hope this helps.
Summary
- script runs on watchlist, identifies trade, determines ticker type/mkt cap, and sends 1 of 4 alerts
- alerts are routed to 1 of 4 webhooks
- subscription & brokerage limits are applied
Details
- In TradersPost
a) setup 4 strategies (4 webhooks) tied to 4 subscriptions, one brokerage account
b) TIP: edit your brokerage connection to limit the number of open positions allowed at a time (aggregated across all asset types)
- In Pinescript
a) add an input parameter with the following options: Large, Mid, Small, ETF
b) add logic to identify stocks vs ETFs (syminfo.type), and for stocks calculate mktCap to identify Large, Mid, Small
c) setup 4 alerts: if input is ETF and ticker type is fund then send JSON message, else if input is Large and mktCap >= $X then send JSON message, else if etc., etc.
d) TIP: the JSON message can be same for all 4 alerts, but adding a memo field to the beginning with an emoji+description improves readability in alert logs
- In TradingView
a) add your 800 tickers to a single watchlist
b) TIP: exclude riskier sectors, industries, and countries in your screener; also set currency = USD and check currency in pinescript before sending alerts
b) setup 4 watchlist alerts: set script input = Large and send notification to webhook #1, set input = Mid and send to webhook #2, etc., etc.
c) TIP: if you need to upgrade your TradingView subscription to allow 4 watchlist alerts, wait until the Easter sale!
س
سعيد
ليش مافي دعم رسمي لمنصة MT4 .MT5 ومنصة سي تريدر نتنظر تكامل رسمي ومباشر مع كافة منصات
J
Jonathan H. Wage
You can use percent of equity and set each subscription to use 10% of the total equity of 100k
kokomo inn
Jonathan, Thank you for your reply.
Currently, i have Percent of Equity limit of .5 % of my equity. But the result is any trade takes 0.5% until the account is empty. However many trades that takes...
I am looking for a cap per subscrption that would result in rejecting trades of my large caps surpassed 40k if my mid caps surpassed 30k, if my small caps surpassed 25k... a per subscription cap that tracks remaining equity of the subscription which is related to a portion of the capital of the entire live account.
With appreciation,
John
kokomo inn
Jonathan,
The issue is in TradersPost there is no "routeToSubscription" field or filter.
In more detail. My example is my pinescript strategy runs against the list of 800 tickers. Strategy decides bar by bar using round-robin dynamic gate logic to determine BEST ticker for this moment to trade (plus meeting all trade criteria).
All tickers below my minimum priority threshold will never trigger a trade. But when tickers that Do meet the minimum priority are detected... the tickers with highest priority are sent to the traderspost.io strategy first, followed in a few minutes by the next lower priority tickers... 25, 24, 23. The list of tickers total 800, but bar-by-bar each ticker is re-evaluated and if pass, are sent to traderspost.io. The purpose is to have the money first available to the highest value (hence priority) tickers.
The issue on TradersPost.IO is that there is no filter logic available towards a specific subscription, except to hard-code a list of "allowed tickers" which i do not wish to update every cycle my strategy re-evaluates the 800 tickers in the list.
A single TradersPost,io webhook routes to a strategy, then can execute on one or more subscriptions and the ONLY “routing” lever We really have inside TradersPost...is: [subscription settings + allowed tickers
TradersPost “Allowed tickers” list is STATIC (but I have an ever changing list I must maintain, uugh!). (I have large caps, mid caps, small caps, etfs, which I wish to have each specific and separate Subscription Settings for, and a maximum slice of my IBKR account total equity.
This is Why TradersPost subscriptions don’t solve dynamic priority or equity sizing, at this time. but if you supported a "routeToSubscription” field supported i the JSON, this would solve the issue.
SUGGESTION:
“subscriptionId” or “routeToSubscription” field to enable directing a signal to one specific subscription.
otherwise, today...
TradersPost “subscriptions with different rules” only works cleanly when each subscription has a static, non-overlapping ticker set.
Please consider this idea.
John