I'm trying to see clearly how to align my IB portfolio with my strategy. I see there are several ways to do this and I'm not yet sure which one is best.
place orders from the "Manage" menu - "Account", then "Rebalance" and "Review and Send"
place orders through the menu "Research" - "Live Strategies" - "Rebalance" - "Get Recommendations" - "Trade"
In case you use the second option, via the strategies ("Research"), can you tell me if the "Trade" button updates the "trades" and "holdings" of the strategy (like the "commit" button), once the orders are placed?
Jerome,
I have been using Manage functions for about 6 months. I think the best way is to use option 1 - which is what I do.
Set up you Live strategy with manual rebalance. After your regular rebalance then rebalance the strategy in your manage account.
I find the accounts in manage incredibly useful. I have four P123 strategies, a few manual portfolios including one for hedging transactions. The strategies are easy to track and trade. This would be very difficult without P123. If you have only one system in one brokerage account, then not a huge advantage but trading multiple systems is way better IMHO.
Thank you very much plan_trader for your response.
That's why I asked the question: as you say, the accounts in manage also seem incredibly useful to me and I would really like to be able to use them.
However, in my situation, this is impossible. Indeed, I combine my live strategies in a live book, in order to allocate them. As I have several accounts, if I follow the live book model for each of them, P123 replicates the entire live book, on each account, which is nonsense.
I would like to be able to partition my live book across multiple accounts, but it doesn't seem designed that way. I wonder why because it would seem logical to me that it works like this.
So currently, I have no other choice than to trade directly from the live book, even if it seems to me to be a more basic rebalancing tool than Manage.