Portfolio Detailed Report – What Use is it??
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Am I missing the pont? Attached shows my Portfolio Detailed Report, but what real use is it other than as a tantalising annoyance?
I saw the top gain trade £2086.20 and I thought, oh wow which System was that … of course there is no way of finding out from the Portfolio Detailed Report??
The Portfolio Detailed Report shows 10,000 past orders hence why the trade exit on 7 Nov 24 shows. When I go to Trading > Orders List, the Limit is 1,000 past orders so there is no way I can even see the trade exit on 7 Nov in order to find which System made me > £2k in one trade.
All it needs is for the Portfolio Detailed Report to show column ‘System’ and Portfolio Detailed Report (Trading > Detailed Report > New Detailed Report) would be a useful Report.
It’s as if the PRT Reports have not been planned / designed / thought through to give Users what they need to analyse good from bad etc??
Or am I missing a trick here??
What I am saying is that when we try to use PRT in Real Live, we only then start to find out that it is for children’s play.
Wouldn’t you like to see what your income was longer than a couple of weeks back, hence more than 1000 (I btw say/see too) invoices ? Please notice the figurative speak here (invoice = trade).So next up is very much related : the Statistics can not show Commission in PRT-IB. They can in Backtest but they can not in Real Live. Thus, looking at my screen shot from the previous post, that is hundreds (1000s) of (In+Out) trades with a Commission of USD 4.50 each.
Below an example again. 66.8 trades (one side) per day (S&P500). In this case the IBKR commission is 6.20 per full trade. Now, can someone tell me what this earned for real ? Is it net losing ?No need to say that PRT is a toy only, because with real money you can’t see your real money. It is the most ridiculous thing on earth.
And let’s keep in mind that this is per instrument. Have a dozen (AutoTrading) instruments, and you have a dozen times vagueness.1 user thanked author for this post.
This is from the same account the previous screenshot was taken. And what, did it earn a bit ? did it lose do far today ?
Hence, and people should be aware of this, at no single moment in time, this, not statistics are correct. The example below is per day, the example from the previous post is cumulative over infinity.
Nothing, totally nothing shows for real.
Oh, operate in Demo and you won’t be bothered by it. 🙂
PS: in IG these particular things won’t happen, because the “commission” is payed by the spread. And that incorporates nicely in the figures (per day, per infinity accumulated).
1 user thanked author for this post.
A bit saltless perhaps, but each of the things I mention (all in the same realm) have all been mentioned 3 times or more to PRT support. This is throughout the years.
Still it could be worth mentioning separately, because it imposes a problem in itself. Thus (IMO) huge problem, is never dealt with. It’s almost explicitly.Notice that this is not about backtesting statistics being operative not stable (wrong numbers). It is Real Live money with wrong numbers, which can not be verified.
Also not at the broker’s because the matches can not be made (at the portfolio level yes, but that won’t tell me the performance of my AutoTrading).1 user thanked author for this post.
As #Peter points out again, the solution to a problem can be a very long path, especially when you have to get others to walk it.
You can lead a horse to water , but you can’t make it drink!.
I try to take the paths I can walk myself, may not get the solution I want, but I can pickup other interesting tools up on the way.
Sometimes these tools add up to a different path to a solution.
Demo
With the [Main menu> Order list], though it state a maximum of 1000, does that mean in total in the list, or over the sample with the last 1000 orders .
Not got no ware enough data to see but,
If the strategy column is visible, and you filter by strategy name, will it show, a list up to a 1000 orders of that strategy, or to the date of the un-filtered 1000’s orders of all strategies.
Not having the strategy option in the portfolio detailed report isn’t helpful, but at least it shows the instrument and date/time stamp etc. They slipped up there!
If the above filter shows up to a 1000 orders of a strategy, it still would require to filter each strategy on that instrument if multiple strategies used, to find a trade.
Alternatively, you could pull up each strategies chart/Orders list using the chart icon’s for relevant instrument from [Main menu>Trading>ProOrder Autotrading] window till you find the trade.
Though I have no need at the moment, I did have an idea using the tools that I know, it may not be easy, but, repeatable. I haven’t tried it but on the surface it may work.
The basics are this:
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Warning!…Save current workspace…
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Using a blank workspace, open the ProOrder Autotrading window.
Open the chart/Orders list for each strategy on an instrument using the associated chart icon and format them somehow in window.
You could set all the charts on top of each other an distribute the lists so visible depending on how many there are.
Clicking a order will bring relevant chart to top.
Since you can see each orders list per strategy, you can have a basic/good idea what their doing.
Also, I don’t know if these lists are bound by the same 1000 limit!
If the trade your looking for appears in a list (re: without scroll) then you can tell which strategy it was.
One thing to note, a new orders lists, will default to the last settings.
If you change from orders to closed positions then the new ones follow that as a default.
If there a lot , then switching may be a chore if that’s required.
Since when you save a workspace, open charts and the orders list will be open when workspace re-opened up.
You could have several workspaces, one for each instrument, import and export are options, if run out of workspaces, plan B !
When you click on an order in a list the chart aligns to it, this works the other way around too, unless the chart displayed order is out of scope of the order(s) list.
You also have option to bring up a main menu portfolio detailed report where you can align, via the the cursor position, between lists/charts with a bit of effort.
Along with the main menu Order list. You have option to, Filter per strategy.
With out trying it, there could be other hurdles to jump over, but above don’t look too out of the ordinary.
If used as a procedure, then next time workspace its opened, all the new trades would be updated in the lists etc., to look at.
The hassle of setup and maintenance, may be out weighed with the ability to see a bigger picture more conveniently.
That’s about all I can think of with only 1 coffee.
How do you find which strategy, and how often do you need to?
Regards
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