Does Wealth-Lab with the integrated Alpaca interface allow both a real money and a paper trade account to be active and trading in Strategy Monitor ?
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No, not simultaneously. But that’s a good idea. Perhaps an enhancement could expose two broker providers in the Alpaca extension 🤔
Thanks for considering this. I am finding that different brokers provide substantially different fill prices.
It would be helpful to be running multiple brokers, to find what mix of broker / market / limit orders work best.
It would be helpful to be running multiple brokers, to find what mix of broker / market / limit orders work best.
I have seen some posts regarding running up to two computers per WL license. Can I run the paper trading Alpaca account on one computer, and the real money Alpaca account on the other ?
It shouldn't be problem if you're using different machines. Just give it a try. Install Wealth-Lab and download your license from the Help menu.
https://www.wealth-lab.com/Discussion/Broker-Auto-Trade-Preferences-Market-On-Open-Portfolio-Sync-5973
QUOTE:Add your vote for Market On Open (MOO) orders. No slippage here - you get opening price on the the primary market, which is the Open shown in Wealth-Data.
I am finding that different brokers provide substantially different fill prices.
https://www.wealth-lab.com/Discussion/Broker-Auto-Trade-Preferences-Market-On-Open-Portfolio-Sync-5973
Did the idea of running more than one account on Alpaca go anywhere? I would like to be able to place trades to different Alpaca paper accounts with different strategies. I am currently live trading to multiple Schwab accounts. I can't remember how I got that to work. It looks like Schwab doesn't have an API paper account feature
Could I avoid running WL on a different PC (for the second paper strategy) if instead I created a new user on my PC and installed WL there (to run paper strategy 2 in background)?
Could I avoid running WL on a different PC (for the second paper strategy) if instead I created a new user on my PC and installed WL there (to run paper strategy 2 in background)?
Different brokers have different connection constraints.
to place trades to different Alpaca paper accounts with different strategies...
1. Create 2 different logins at Alpaca.
2. Get a paper API key for each one.
3. Use 2 different computers and hence different instances of WealthLab so that you can enter the different API keys.
There is no other way.
to place trades to different Alpaca paper accounts with different strategies...
1. Create 2 different logins at Alpaca.
2. Get a paper API key for each one.
3. Use 2 different computers and hence different instances of WealthLab so that you can enter the different API keys.
There is no other way.
I just started using Alpaca paper accounts. Really impressive. I'm paper trading options (live, not for backtest, which uses synthetic options). It appears to support all the features of live trading. I don't think Alpaca supported paper options trading in the past.
I was also surprised to see that with Alpaca you can add multiple paper broker accounts under one *user* account, similar to the way the WL Dummy works. Each new paper account has its own key and secret key. Maybe this is a new capability as well.
I'm curious: Is it feasible to support multiple paper accounts with Alpaca on one WL instance or is there a broker limitation or other technical barrier that precludes this?
I was also surprised to see that with Alpaca you can add multiple paper broker accounts under one *user* account, similar to the way the WL Dummy works. Each new paper account has its own key and secret key. Maybe this is a new capability as well.
I'm curious: Is it feasible to support multiple paper accounts with Alpaca on one WL instance or is there a broker limitation or other technical barrier that precludes this?
The Alpaca provider has supported stocks, options, and cryptos for as long as I can remember (at least 2 or 3 years).
Having a different set of API keys for every account is pretty non-standard way of support multiple accounts. More commonly a single login returns multiple accounts.
Of course it's technically feasible to support this for Alpaca, but it wouldn't be a trivial change. You can create a feature request for that, and if the votes reach a critical mass, then sure.
In the meantime, use WealthLab in different Windows accounts/computers, each with different set of API keys.
Having a different set of API keys for every account is pretty non-standard way of support multiple accounts. More commonly a single login returns multiple accounts.
Of course it's technically feasible to support this for Alpaca, but it wouldn't be a trivial change. You can create a feature request for that, and if the votes reach a critical mass, then sure.
In the meantime, use WealthLab in different Windows accounts/computers, each with different set of API keys.
Got it. Thanks.
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