I am trying to get my head wrapped around how to best setup my IB accounts.
I have multiple accounts that I want to all follow the same strategy / portfolio.
The portfolio will in turn follow multiple strategies and possibly a designer model.
One of the strategies will be manual entry of tickers.
The goal is to only enter the manual buys/sells one time and have all accounts execute those automatically. The only way I can see to include the manual buy / sells is with a buy rule and a sell rule that use InList(). I would update the List each week. The Accounts have a “manual strategy” option but I don’t know how to share that between accounts, but maybe they can all use the same watchlist? There is probably a much easier way to do this, which is what I am looking for.
See the attached diagram which may explain it better.
Going to be very difficult until we introduce something we’ve brainstormed in the past , the Account of Accounts which treats multiples accounts as one. Basically an additional layer between your P123 accounts that have 1-to1 relationship with real accounts, and the strategies.
Nice, clean drawing btw, what did you use to generate it?
Maybe I misread it. The account of accounts I mentioned would accomplishes something else: it follows a strategy (or book of strategies) by spreading the positions in different accounts.
But you want accounts 1 & 2 to follow a ‘Live Book’ with 100% exposure, and Account 3 to follow Book at some other % allocation because it also follows a watchlist?
Yes it would work for the above. You have to create a strategy in each account that follows the Book, and you have to click rebalance in this order:
Your manual ‘Strategy 2’
Your Live ‘Book’ (in research)
Each strategy that follows the book in the accounts
Account 1 & 2 are easy bc they follow 100% of the Book. Account 3 allocation might drift due to dividends for example. The dividends are added to the account , they are not “reserved” for the strategy where they came from which in your case is the Book. So you might need to periodically move cash between strategies.
Marco, I may have muddied the water with my first diagram. Here is a less muddy version.
I want ALL accounts to follow the same strategy/portfolio.
The main question is, what is the most efficient way to get the manual trades entered without having to input them into every account manually.
I doubt my solution here is the optimal way, using the InList() function.
OK so main goal is to enter transactions once. I don’t understand the need for InList. Just do buys and sells in Strategy 2 ? Or is there another reason for InList?
PS. This use case can be simplified a lot when we allow an account to follow another account (an account very similar to a book under the covers) . This will let you eliminate the need for the Book in your diagram.
I have read your answer to Abwillingham carefully because it also meets one of my objectives. I would like to follow a strategy book by distributing positions across several accounts.
As I understand, currently each account reproduces an entire strategy or book and that's not what I want. The account of account you mention that treats multiple accounts as one would be really helpful. This would be the missing stone in the building of portfolio123.
When are we planning to introduce this new feature?
Correct, enter a manual transaction once and have those transactions used by multiple accounts. My primitive idea was to use an InList() rule to hold those manual transactions. Tell me a better way.
