Laggard Rule

The Laggard money management script is designed to sell a stock or a security that lags behind a specified index.

The script has two parameters which are "Benchmark Symbol" and "Bars". Any of your stock in the simulation will be sold if after the specified number of bars (Bars), the stock's return is below the benchmark or index return.

If you money management script laggard values are "Benchmark Symbol = SPY" and "Bars = 25", then any position that has been held for 30 days or more and has a gain or performance below the S&P 500 ETF index (for that same period) will be sold. A new trade will take place given your buy rule.

Of course the index symbol as well as the number of bars could be optimized like it is the case with any money management script input.

Note: Once your simulation is completed, go to "Trades -> Realized trades" in the trading system report. There you can easily identify the positions that were sold using the laggard script by checking the "Exit Type" column.
As an example, "Laggard 2.19 vs 7.76", means that the position was sold because the stock's performance after the number of "wait" bars were 2.19% compared to the index gain of 7.76%.

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