The interface is different for investors and trade leaders, which helps to de-clutter the left menu. Here I’ll focus on the investors’s side of Collective2 new dashboard.
This view at the center of the screen hosts three tabs : one for simulation, another one for live trading, and a third one for the subscriptions you don’t currently trade.
My biggest disappointment with Collective2 new dashboard is the disappearance of the free trials. They’re getting phased out; instead you can add strategies to the simulated account, and see how your equity curve would have evolved.
For me, this causes a huge loss of information compared to free trials. Indeed, unlike simulation account, they allowed you to receive the real-time trade signals. You could quickly realize the quality (or lack of) risk management by watching the stops in place, and assert the risk/reward thanks to the profit-taking orders. This information is unavailable when you simulate a strategy, so you actually have to subscribe in order to assert this crucial element. That’s a huge step backwards and I hope the free trials will come back !
“Live trading” tab
Here you can see your equity curve, which is rather handy. Below the curve, you have again 3 tabs :
- “Summary view” (displayed in the screenshot above) is an overview of the strategies you trade in your live account. It displays the daily PNL and what is supposedly the all-time change percent. The wheel on the right allows you to change auto-trade settings, or message the trade leader. One handy feature is the “Sync” icon, indicating whether your account is currently in sync with the strategy. Clicking on a strategy will show you the PNL of the strategy model, and display a handy vertical bar when you subscribed to it (usually right before a large drawdown 🙂 ).
- “Show all positions” displays open positions, for either the model, your live account, or both
- “Show recent signals” is very handy, and having a separate tab for them helps having a more readable strategies overview
If you subscribed to strategies you don’t currently trade, they’ll appear here. You can choose to either leave them off, simulate them, or trade them live.
Right bar of Collective2 new dashboard
If you’ve selected the simulated or live account, you’ll see the current portfolio allocation, broken down by asset class; you can then drill down to the instrument level.
Below is the “Activity feed”, which is unfortunately not configurable for now. Several kinds of notifications will appear here, with various degrees of relevance. For example, notifications appear when a strategy you’ve subscribed modifies its position, but also when another investor subscribes to a strategy. I tend to find the later notification absolutely useless !
Finally, the bottom display the “Top movers”, showing you the top gainers and top losers for the day.
Note that if you don’t use this sidebar often, you can use the arrow at the top of the screen to collapse it. The same goes for the left menu bar.
Wrapping it up : my thoughts on Collective2 new dashboard
We now have a better-looking dashboard but with a crucial feature missing.
The homepage is now more appealing visually than the previous one, but I deeply regret the disappearance of free trials. I actually can’t understand why their removal, which is a business decision, was linked to the new dashboard release, which is mostly cosmetic. On the positive side, I like the fact that the signals and open positions have their own tab, making things more readable. Displaying the equity curve is nice, too.
After the release of the new dashboard, next step for Collective2’s is apparently the auto-trade PNL screen. It currently has very limited features, only offering the total PNL by strategy from the day you started trading them. It would be great to be able to have a monthly breakdown !