Hi, how do you set a strategy up so that you limit it to maximum percentage of your total portfolio value?
I am not talking about limiting position size / maximum portfolio% on trades, as those can still interfere with other strategies (for example, you have 2 trades in certain timeframe and suddenly your 20% of portfolio invested in that strategy becomes 40%).
I want to keep interfering to minimal, unfortunately wealthlab doesn't support multiple API keys so I cannot use KuCoin/Binance sub-accounts...
Strategy 1: MA cross, 20% portfolio value
Strategy 2: RSI 20% portfolio value
Strategy 3, 4, 5 etc...
I am not talking about limiting position size / maximum portfolio% on trades, as those can still interfere with other strategies (for example, you have 2 trades in certain timeframe and suddenly your 20% of portfolio invested in that strategy becomes 40%).
I want to keep interfering to minimal, unfortunately wealthlab doesn't support multiple API keys so I cannot use KuCoin/Binance sub-accounts...
Strategy 1: MA cross, 20% portfolio value
Strategy 2: RSI 20% portfolio value
Strategy 3, 4, 5 etc...
Rename
MetaStrategy?
unfortunately, MetaStrategies do not work in Strategy Monitor.
Right, it's more flexible to add individual strategies to the SM and control their position sizing.
That's exactly the issue I'm trying to solve. The problem with "Position sizes" relative to account equity is that one strategy can have multiple positions up at once, which eats into account equity that I would like to have reserved for another strategy.
Scenario:
I have 5 strategies. "Strategy A" has 10 coins getting traded, potentially having multiple open positions at same time. Say I want to use 20% of equity per strategy at most. For "strategy A", 30% of the 20% of equity goes into each trade position. If I have 4 trades open at once, it suddenly surpasses the treshold of 20% equity per strategy and without any limit, it will go straight for the rest of portfolio equity. I do not want that.
Is there any way to replicate what Metastrategies do, to use them for Strategy Monitor?
Scenario:
I have 5 strategies. "Strategy A" has 10 coins getting traded, potentially having multiple open positions at same time. Say I want to use 20% of equity per strategy at most. For "strategy A", 30% of the 20% of equity goes into each trade position. If I have 4 trades open at once, it suddenly surpasses the treshold of 20% equity per strategy and without any limit, it will go straight for the rest of portfolio equity. I do not want that.
Is there any way to replicate what Metastrategies do, to use them for Strategy Monitor?
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