Strategy Planning

1. Strategy for Short Term Assets

Risk Rule:  Risk less than 5% of one months paycheck per day.

2. Strategy for Long Term Assets
Risk Rule:  Risk less than 15% over 30 months and remove some or all of risk through adjustments.

I’m currently using a ‘protective put strategy’ on AAPL and others but need some assistance figuring out how to automate, and at what point to adjust.  Right now all it does is protect more assets at each adjustment, as opposed to taking gains.

Why use a protective put (buy stock, buy put) instead of some other strategy? –  It is the only one with unlimited upside potential and significant protection to the downside.

UNDER CONSTRUCTION:
The purpose of this blog is to allow the exploration of various resources available to active and long-term traders and investors, and to filter for platforms that have new capabilities such as those that allow custom coding for both institutional and non-institutional investors. Feel free to add additional items and make suggestions. This information is intended to be collaborative and no claim is made as to the accuracy of the information at any time.

Software Titles (and other resources)

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120 Multicharts .NET version (algo, options support limited)     

https://www.multicharts.com/net/purchase/ Support is excellent. I thought this was hands down best charting platform found as of 4-5-2017 Sierra Charts is better according to write-up by friend of JC who said “when a symbol does not have enough history on the chart, the script gives an ‘ugly’ error message and doesn’t calculate anything” and said he experienced this in Multi-Charts. I think he was using the EL version though as he also complained of speed issues in general, and both complaints about multi-charts (bar history and speed), were general comments about other platforms as well. Since speed and other issues are greatly affected by the programming language, I suspect that Multicharts .NET version which compiles strategy rules using C#, would handle this just fine. I plan to test as of 9-7-2017

113 Interactive Brokers (platform and broker)     

www.interactivebrokers.com
Allows lots of connectivity for outside platforms, no built-in algo tools, all third party, has options
Software List
www.interactivebrokers.com/Universal/servlet/MarketPlace.MarketPlaceServlet
Charting
https://gdcdyn.interactivebrokers.com/Universal/servlet/AccountAccess.AuthenticateSSO?action=ACCT_MGMT_MAIN&loginType=1&clt=0
Chat
http://chatsrv1.interactivebrokers.com/fchat/chat/flashchat.php
Elite Traders might be a good user forum https://www.google.com/search?sourceid=chrome-psyapi2&ion=1&espv=2&ie=UTF-8&q=elite%20traders&oq=elite%20traders&aqs=chrome..69i57j0l5.3711j0j8

137 Quantshare     

options support clearly stated on page
support@quantshare.com
full platform with rule based builder, free trial, might be web based
https://www.quantshare.com/how-423-how-to-run-a-screen-or-a-watchlist-from-a-script
Could provide some chat functionality, does have strategy building; Lifetime pricing looks reasonable https://www.quantshare.com/index.php?option=quantshare&amp%3badd=; never responded in forum.

159 Wealth Lab Pro by Fidelity (broker and platforms) – active backtesting work here     

Find a symbol (Fidelity): https://quotes.fidelity.com/webxpress/popup_lookup.phtml?page=quote&fs=rocfind

Screener
https://research2.fidelity.com/pi/etf-screener

Programming Guide for WLP v6.9 https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/WLP_Programming_Guide.pdf

Download Active Trader Pro https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview

Download Wealth-Lab Pro https://www.fidelity.com/trading/advanced-trading-tools/strategy-testing/overview

Tickets (WLP): https://www.wealth-lab.com/Support/TicketCenter/

Forum (WLP): https://www.wealth-lab.com/Profile/tedpenner

Real-time Chat (Fidelity) https://chat.fidelity.com/ftgw/chat/guest/PIBeginChat?refUrl=www.fidelity.com/customer-service/overview

104 Collective2 (algos)     

www.collective2.com
Not seeing any code… Once appeared to autotrade options web based returns many results, no option automation for collective2 per product support person, has chat before you login but after logging in appears to open a ticket which does go to your email; person in chat said they would ask about a coding platform for option traders

115 Key2 Options (options, algo builder, and trading) – worthy of review     

http://www.key2options.com/
Test for $10, purchase for $200 mo
Feb1 – Recommended by post in stack exchange; no response to chat on site; sent message via web form; no responses http://app.greenrope.com/ticket.pl?a942a74f88443f54f89da8bef7cdd930b0c6b010e53023a8; apparently support is not really there.
Looked at page again on 4-5-2017 looked pretty good, concerned about support and cost


104 Collective2 (algos)     

www.collective2.com
Not seeing any code… Once appeared to autotrade options web based returns many results, no option automation for collective2 per product support person, has chat before you login but after logging in appears to open a ticket which does go to your email; person in chat said they would ask about a coding platform for option traders

113 Interactive Brokers (platform and broker)     

www.interactivebrokers.com
Allows lots of connectivity for outside platforms, no built-in algo tools, all third party, has options
Software List
www.interactivebrokers.com/Universal/servlet/MarketPlace.MarketPlaceServlet
Charting
https://gdcdyn.interactivebrokers.com/Universal/servlet/AccountAccess.AuthenticateSSO?action=ACCT_MGMT_MAIN&loginType=1&clt=0
Chat
http://chatsrv1.interactivebrokers.com/fchat/chat/flashchat.php
Elite Traders might be a good user forum https://www.google.com/search?sourceid=chrome-psyapi2&ion=1&espv=2&ie=UTF-8&q=elite%20traders&oq=elite%20traders&aqs=chrome..69i57j0l5.3711j0j8

115 Key2 Options (options, algo builder, and trading) – worthy of review     

http://www.key2options.com/
Test for $10, purchase for $200 mo
Feb1 – Recommended by post in stack exchange; no response to chat on site; sent message via web form; no responses http://app.greenrope.com/ticket.pl?a942a74f88443f54f89da8bef7cdd930b0c6b010e53023a8; apparently support is not really there.
Looked at page again on 4-5-2017 looked pretty good, concerned about support and cost

120 Multicharts .NET version (algo, options support limited)     

https://www.multicharts.com/net/purchase/ Support is excellent. I thought this was hands down best charting platform found as of 4-5-2017 Sierra Charts is better according to write-up by friend of JC who said “when a symbol does not have enough history on the chart, the script gives an ‘ugly’ error message and doesn’t calculate anything” and said he experienced this in Multi-Charts. I think he was using the EL version though as he also complained of speed issues in general, and both complaints about multi-charts (bar history and speed), were general comments about other platforms as well. Since speed and other issues are greatly affected by the programming language, I suspect that Multicharts .NET version which compiles strategy rules using C#, would handle this just fine. I plan to test as of 9-7-2017

137 Quantshare     

options support clearly stated on page
support@quantshare.com
full platform with rule based builder, free trial, might be web based
https://www.quantshare.com/how-423-how-to-run-a-screen-or-a-watchlist-from-a-script
Could provide some chat functionality, does have strategy building; Lifetime pricing looks reasonable https://www.quantshare.com/index.php?option=quantshare&amp%3badd=; never responded in forum.

139 Recognia (appeared to be a screener)     

https://www.recognia.com/products/strategy-builder
Top of list when typed in strategy builder with the web search, interactive brokers was third which looks more like a screener, They are trying to understand my option trade; answer is essentially no, not very good from what i can see.
Google search for strategy builders
https://www.google.com/search?num=100&newwindow=1&site=&source=hp&q=stock+strategy+builde

149 The Blueprint (protective put strategy)     

www.poweropt.com
Ernie co-author (302) 992 7971 found in phone as Mike Chupka; I called on Fri 10/14/16 good info and was encouraged to call back after 14 day trial of site.

www.radioactivetrading.com/free-sketch-b.asp?vers=2&utm_source=Google&utm_medium=cpc&utm_campaign=marriedput&utm_term=protective%20put&gclid=CMzrs7PHy88CFQqqaQodlewDwA

Original Protective Put Strategy. These folks have a chat room at marketwarrior I think? http://blog.radioactivetrading.com/2010/02/a-married-put-beats-a-covered-call-three-ways/

The Option Club

New Home


The blueprint examined

Radioactive Trading Review

152 Tradespoon (screener)     

www.tradespoon.com

Performance
http://www.tradespoon.com/ltperformance.php

$39 per mo for Active Trader only
http://www.tradespoon.com/pricing.php

http://www.tradespoon.com/members/bulls.php?ims=e7daytoolsbulls&em=tedpenner@gmail.com&cvr=1&cvrgoal=7%20DAY%20TOOLS%20BULLS%20TRIAL

159 Wealth Lab Pro by Fidelity (broker and platforms) – active backtesting work here     

Find a symbol (Fidelity): https://quotes.fidelity.com/webxpress/popup_lookup.phtml?page=quote&fs=rocfind

Screener
https://research2.fidelity.com/pi/etf-screener

Programming Guide for WLP v6.9 https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/WLP_Programming_Guide.pdf

Download Active Trader Pro https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview

Download Wealth-Lab Pro https://www.fidelity.com/trading/advanced-trading-tools/strategy-testing/overview

Tickets (WLP): https://www.wealth-lab.com/Support/TicketCenter/

Forum (WLP): https://www.wealth-lab.com/Profile/tedpenner

Real-time Chat (Fidelity) https://chat.fidelity.com/ftgw/chat/guest/PIBeginChat?refUrl=www.fidelity.com/customer-service/overview