Account balance (wallet) page

Richard Morwood

• February 07, 2022 02:51

Problem:

 Many traders don't keep 100% of their trading account in a specific exchange, or even across multiple exchanges, some may be stored in cold wallets or other assets.

VEMA calculates 1% risk based off the balance of the exchange account accessed, but this may be a small fraction of a users total trading account. This causes them to need to calculate appropriate risk differently. 

Ie: if a user has 10% of their trading account in their Bitmex account, but wants to use 1% risk, they need to select 10% as their account risk for a trade in VEMA. It's reasonably easy with round numbers but can get complex if a user has 17.3% of their account on an exchange.

- How does a user set their account risk for a trade

- How does a user know what account / wallet balance they are risking?

- How does a user know what my available margin is?

- What if the user has a mixture of HODL portfolio and their trading account?

 

v2: Full version

• All API integrated exchanges wallet balance & available margin visible to the user (USD and BTC)

• Provide the user the ability to add other non API exchange's or hard storage wallet balance + available margin

• Total trading account value across all wallets (API and non exchange)

• Grouped account risk (ie Bitmex and Binance account risk)

• A user is able to add or remove their exchange integrations (similar to my account add/remove API keys)
  
  
  

17

• Official comment

  

  Rhys - VEMA Support

  • June 06, 2024 05:41

  Note: We've now added a supplemental Account Risk Calculator to help users until the full implementation above is completed:
  
  https://support.vematrader.com/hc/en-us/articles/32179629371673--The-Supplemental-Account-Risk-Calculator
• 

  Rhys - VEMA Support

  • May 20, 2022 23:28

  This could also be used to improve users P&L calculations & Account balance charts. 
  
  Currently 10% gain on an account with 1% of the users trading account, and a 10% gain on an account with 100% of their trading account, will both show as 10% account gains.

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• 

  Rhys - VEMA Support

  • May 20, 2022 23:37
  • Edited

  I've just realised the Image is a bit hard to see and doesn't enlarge when clicked, here's the example spreadsheet I mocked up:
  
  https://docs.google.com/spreadsheets/d/1dD3sMY31myNloutSwnpGpaEdLCOp-rFpahB_NB373sI/edit?usp=sharing

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• 

  Ryan Cornett

  • June 28, 2022 03:37

  I would love to see this! With the ability to specify your "total capital" for each account in Vema. Eg you might want to use 50% of the total on your bitmex scalping account but 100% on your OKX swing account

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