Money Management - Scale-In - Trading Software

Money Management - Scale-In

Matt Johnson
2020-10-05 17:38:57

Hello QS,

Would like to create a money management script that allows me to scale-in 1/10 of my portfolio at a time. For example, my trading system generates a buy signal on the daily chart and only 1/10 of the total position is purchased. If the following bar (day) the position is profitable the. The system buys another 1/10. This would continue each bar until either 10/10 of the shares have been accumulated or the system generates a sell order. So far I have been able to do this with 1/2 (e.g. buy half at first buy signal and then the other half the next bar if position is profitable. Just not seeing how to do this in smaller fractions over a longer period of time.
Thank you in advance for any help on this!

Best Wishes,

Matt

QuantShare
2020-10-06 07:49:53

Hi,

If you were able to do it with 1/2, I am not sure why you can't with 1/10.

You can for example, use the "OnNewPosition" event and update the number of shares. And on the "OnEndPeriod", you can buy additional 1/10 every bar. You can create global variables to keep track of the different states (for example, the shares accumulated...)

Get more messages

No more messages

Back


Trading Items Return per Bar Stop - Money Management Strategy Long strategy created with the money management tool Money Management System to Split Order Into Smaller Pieces Money management to Reject Trading Positions Based on their Past ... Averaging Down Money Management Strategy	How-to Lessons How to calculate the average of a time series using the money man... How to debug a trading system using the money management tool How to dynamically change the number of positions in a portfolio? How to generate buy/sell signals from a trading system How to add custom position-based metrics to your trading system
Related Forum Threads Example of Money Management Advanced Money Management Money management - C# Hedging Money Management Ability to edit multiple money management scripts at once	Blog Posts Money Management: Optimize the scale-in strategy Money Management: Scale-in Trading Strategy Basic trading system implemented using the money management tool Several money management strategies in a trading system Create a trading strategy using the money management tool - Part ...