Keyword Description
Commission charged
Class
Expression
Where Legal
Resources |
Entry Logic |
Exit Logic |
Initial Size |
Resize (Pre-Category) |
Resize (Category-Level) |
l |
l |
l |
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Syntax
COMMISSION
Example
Sample code
COMMISSION = STORE[1] ' for futures different commission for different markets
OR
COMMISSION = 12.5 ' for futures same commission for all markets
OR
COMMISSION = .03 ' for stocks you might use percentage of the deal commission
OR
COMMISSION = 8 ' for stocks you might use flat (per transaction) commission
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Commission can be set in code or it can be specified on Edit Page Properties in the Symbol Manager. If both are used then the value assigned by this keyword takes precedence. For futures, Mechanica charges full round turn, per contract, commission on entry day of a new trade or rollover trade so be sure to specify it as the round turn value. SLIPPAGE, on the other hand, is charged at full assigned value on entry and full assigned value on exit, including roll overs. For stocks and mutual funds, if COMMISSION is assigned a value < 1 your system is charged a percentage of the deal amount based on the price and number of shares traded. If you set it to a value >= 1 your system is charged that flat amount per transaction. Search on "Commission" to find other important information about how Mechanica handles the commission calculation. |
