I want to algorithmically paper trade using hundreds of accounts simultaneously. This feature is critical to my roadmap, as it would allow me to systematically test different entry times and risk management configurations.
Please let me know if there are plans for supporting more than 3 accounts per user. That limits seems extremely arbitrary and has me exploring other providers, unfortunately.
@aslangoldenhour You can actually have as many paper accounts as you wish. You simply need to sign up and create an account under a different password. Each password creates a unique owner. Each owner is currently allowed 3 paper accounts and 1 live account. If you source market data from Alpaca, having multiple owners may also be beneficial. The rate limits for Alpaca data plans is enforced per owner and not per account.
That’s an interesting approach. Usually doing that is against the terms of service. I was hoping for the same thing, I’m happy to know I can do it without breaking any rules and risking my account standing.
@Dan_Whitnable_Alpaca I’ve been attempting to create a proxy manager to handle multiple strategies but it’s been proving a little difficult to get account/order values to match the parent account. Having this feature natively supported would be a huge benefit. I did see a post in the alpaca subreddit that this feature would be rolling out around this time.
Are there plans to have multiple live accounts under a single owner?
@Ryan_Shim Multiple live accounts should be coming in the next few months. However, the first implementation will be for IRA accounts (ie a margin and an IRA account). Not sure how long after that multiple regular individual accounts will be supported.