Algostra Strategy Management
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In algostra, under strategy management, we need to mention No of Trades, Max Loss and Max profit.
Why is this limitation in the system required and can it be made optional?My strategies handle the SL at each trade level and there is no target profit, so mentioning these values limits the effectiveness.
Momentify doesn't require these fields, but it needs manual trade scan and execution. So can this limitation be removed from Algostra?
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@G Heble
Are you not mixing Investment with Trading?
In my opinion, Algostra is for trading purpose and Momentify is for investment. Even if you are using Momentify for trading, though it suggest entry and exit but it has to be executed by you whereas, in case of Algostra, even the entry/exit decisions are based on your strategy rules but its execution is handled by Algostra.
So to protect you from any huge losses, this option is provided.Still you are not comfortable with Max Loss and Max profit, you are free to put a very large number.
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Nope, I'm not mixing investing with trading. There are 3 options available in Momentify - Investing, Trading & Mutual Funds.
In Algostra, I understand the logic behind having a max loss and target profit, but I'm asking if these can be made non-mandatory to create the algo - atleast not the target profit part which would eventually interfere with any trend following trading system as it will automatically square off all open positions when realized + unrealized profit crosses a limit.
