TL;DR: A strategy's allocation in a Trigr agent is now a per-strategy budget that no longer has to fit inside 100%. It is the share of equity set aside for that strategy, and the strategy's own position size decides how much of that slice each entry commits. The agent still never has more than 100% of the account in open margin. Entries that do not fit when they fire are skipped, first come first served, with ties broken by list order. Oversubscribing keeps idle capital working, and it also means some signals will not trade.
What changed?
Until 2026-10-12, allocations in an agent were slices of one pie. They had to add up to 100% or less, and each strategy sized inside its own slice.
Now each strategy's allocation is the share of equity set aside for it, and its own position size decides how much of that slice each entry commits. You set the allocation from 1% to 100% for each strategy on its own. The allocations do not have to fit inside 100%. A 10-strategy agent at 25% each is allowed, and its allocations add up to 250%.
Two rules keep this inside the account:
- Total open margin never exceeds the account. The agent can hold at most 100% of equity as margin at once.
- An entry that does not fit is skipped. It is not resized to fit. The strategy's row shows it as a skipped entry (insufficient free margin).
An agent at or under 100% total allocation sizes exactly as before. Nothing changes for it.
How is one entry sized?
Each strategy still sizes inside its allocation with its own RISK settings: size, stop, target and leverage. The position sizing guide covers those settings. The arithmetic for one entry is:
- Margin = equity × allocation × the strategy's RISK size (for percentage sizing; a fixed-dollar size is capped at the allocation).
- Notional = margin × leverage.
On a $10,000 agent, a strategy at 25% allocation with 100% RISK size uses $2,500 of margin. At 1x that is $2,500 of notional. At 3x it is $7,500 of notional on the same $2,500 of margin. If its RISK size were 50%, the margin would be $1,250.
The free-margin check counts margin. Leverage does not change how many entries fit. It changes how much exposure each one carries.
A worked example: 10 strategies at 25% each
Take a $10,000 Paper agent with 10 strategies, each on a different market, each at 25% allocation, 100% RISK size and 1x leverage. Each strategy is sized at 100% of its allocation, so every entry commits its whole 25% slice. Committed total: 250%. Each entry needs $2,500 of margin, so at most four positions fit at once ($10,000). The numbers below leave out fees to keep the arithmetic clean.
The strategies are listed in this order: BTC, ETH, SOL, AVAX, LINK, DOGE, ARB, OP, SUI, HYPE.
Signals on different bars
| Time | Event | Margin in use | Result |
|---|---|---|---|
| 00:00 | BTC signals | $2,500 | Opens |
| 04:00 | ETH signals | $5,000 | Opens |
| 08:00 | SOL signals | $7,500 | Opens |
| 12:00 | AVAX signals | $10,000 | Opens |
| 16:00 | LINK signals | $10,000 | Skipped: no free margin |
| 20:00 | BTC exits | $7,500 | $2,500 freed |
| 00:00 | DOGE signals | $10,000 | Opens |
When signals arrive on different bars, the entry whose signal bar closed first goes first. LINK's 16:00 signal is skipped and not retried later from that bar. LINK can enter on its next signal if margin is free then.
Four signals on the same bar
Now start from a state where BTC and ETH are open. $5,000 is in use and $5,000 is free. On the bar that closes at 08:00, four strategies signal together: SOL, AVAX, LINK and DOGE.
Entries on the same bar go in the order the strategies are listed. SOL is third in the list and opens ($7,500 in use). AVAX is fourth and opens ($10,000). LINK and DOGE are fifth and sixth. Both are skipped.
List order is the tie-break. Put the strategies you trust most first. If DOGE is the strategy you would least like to miss, move it above SOL.
What the example shows
The agent's allocations add up to 250%, yet it never has more than $10,000 of margin open. Between signals it may hold one or two positions and have most of its capital free. That is the reason to oversubscribe: ten strategies that are each in the market a fraction of the time can share one pool. The cost is that on busy days, some signals will not trade, and you do not choose which ones in the moment. The rules choose.
Can a strategy at 100% open a position?
Yes. A strategy at 100% allocation and 100% size would need all of equity as margin, and the trading fee comes out of the same equity. Trigr reserves the fee inside the strategy's size, so the position is a few dollars smaller and fits. Smaller requests keep their exact size.
A 100% strategy in an oversubscribed agent can only open when nothing else is open. Every other open position blocks it.
How does leverage interact with oversubscription?
Margin is notional divided by leverage. With four 25% positions at 3x, the agent holds $10,000 of margin and $30,000 of notional, three times the account.
All positions share one margin pool. On Hyperliquid, cross margin shares collateral across positions, so a loss on one position reduces what every other position sizes from and what keeps it open. Hyperliquid's liquidation docs explain what happens when equity falls below maintenance margin.
The builder shows a leverage note for any strategy above 1x. It estimates how far price can move against the position before liquidation as 100 divided by leverage. At 3x that is about 33%. At 10x it is about 10%. Maintenance margin and fees make the real distance smaller. If several strategies use leverage, read the note before you raise allocations.
What does "equity" mean on each venue?
Allocation is a share of equity, and equity depends on the venue:
| Venue | Equity used for sizing | Example: 25% allocation |
|---|---|---|
| Hyperliquid | The account's total marked equity, read fresh before entries | $2,500 at $10,000; $3,000 if equity grows to $12,000; $2,000 if it falls to $8,000 |
| Paper | The agent's capital, $10,000 by default | Always $2,500 |
| Propr | The challenge's starting balance | $6,250 on a $25,000 challenge |
On Hyperliquid, entries grow and shrink with the account. On Paper and Propr they stay fixed. On Propr, a fixed size after a drawdown is a larger share of what is left, which matters for the challenge's loss limits. Read the Propr rules before you oversubscribe a challenge account.
For Propr agents, the deploy flow replays the agent's combined backtest under the chosen challenge's daily-loss and drawdown rules. Above 100% that replay uses the shared-margin simulation. "Optimize sizing" shrinks every position until the replay fits with a buffer. Propr challenge plans, the house-curated offers, still hold at most six strategies summing to 100%.
How does the backtest show skipped entries?
The combined backtest in the builder changes mode at 100%.
- At 100% or less, each strategy is simulated as its own sleeve and the results are added together.
- Above 100%, the preview runs one shared-margin simulation of the whole book. It uses the same first-come rule and the same list-order tie-break as the live agent.
Above 100%, a summary line reports peak margin use as a share of equity, peak exposure, and how many entries were skipped for lack of margin, naming the strategies that skipped most.
Read the skip counts as a ranking of who loses out. If one strategy skips most of its signals, it is barely in the agent. Move it up the list, lower other allocations, or remove it. If the strategy you value most skips often, the agent is too crowded for it. How to read a backtest covers the rest of the preview. The preview may be up to one day stale and shows a "Data through" date.
When should you not oversubscribe?
Keep allocations at or under 100% when:
- Your strategies signal at the same times. Ten trend strategies on crypto majors tend to enter on the same breakouts. Oversubscribing them means the list order picks winners every time, and most of the book never trades.
- You use high leverage. Full margin use at 5x is five times the account in notional. A shared drawdown hits every position at once.
- You run a Propr challenge with tight loss limits. A fixed size on a shrinking balance pushes you toward the daily-loss line faster.
- You need every signal to trade. A strategy whose edge depends on taking every entry loses that edge when entries are skipped.
- Your account is small. Above six strategies, Trigr refuses a Hyperliquid or Propr agent unless every strategy reaches $11 of notional on its own sizing. The 52-strategy agent guide explains how to fix that refusal.
Oversubscription fits slow strategies on different markets that are flat most of the time. It lets them share capital without giving each one a tiny slice. Test it on a Paper agent first and watch the skip counts.
Next steps
Open the builder and set your allocations. Watch the committed-% line: past 100% it warns that at most 100% can be in positions at once and that entries that do not fit are skipped. Then check the shared-margin preview for skips. The trading agents documentation has the full rules. Nothing in a backtest promises future returns, and leveraged perpetual futures can lose more than you expect.