Risk based order exits
complete
Jacob Sansbury
complete
Jacob Sansbury
We're currently planning on having risk management exist at the account level with options for individual strategies instead of needing to re-write risk management inside of each strategy.
The current plan is to allow running specific actions based on some params. The params we're thinking about are:
- Account/strategy gain/loss
- Asset/market movement
- Closed or current trade gain/loss
- News events
The actions might include:
- Exit a trade
- Freeze account/strategy/asset for X hours
- Freeze account/strategy/asset for until specific time
- Freeze account/strategy/asset until next market status transition of a specific type (ie when it opens next)
Some risk management examples:
- If AAPL has a negative news event — exit positions & freeze trading for 7 days
- If my strategy loses 2% in a day — exit positions & freeze trading until the market opens tomorrow
- If my account is down 2% — exit short term positions (< 7days open) & freeze trading until tomorrow
- If a currently open position is down more than 4% overall — exit the position & prevent re-entry for 2 hours
Keith Schlarb
Will the risk-management provide current Profile/Loss for the day so part of the strategy could be programmed to exit based on these values. If a time feature was included the user could also enter and exit the market rather than run full day.
Jacob Sansbury
planned
Jacob Sansbury
Not yet, but this is coming in our risk-management update later this month.