Keyword Description
Required margin
Class
Function
Where Legal
Resources |
Entry Logic |
Exit Logic |
Initial Size |
Resize (Pre-Category) |
Resize (Category-Level) |
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l |
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Syntax
NEWMARGIN
Return Value
Returns the dollar amount of required margin for the trade being presented. This value is user specified in Symbol Manager.
Example
Sample code
IF NEWMARGIN + TOTALMARGIN > TOTALEQUITY * .85 THEN_
NEWCONTRACTS = 0 ELSE...
' This fragment tells Mechanica not to accept a new trade if
' doing so would put margin requirements over 85% of equity.
MEMORY[1] = (TOTALEQUITY * .50 - TOTALMARGIN ) / NEWMARGIN
' This tells Mechanica to save in MEMORY[1] the number of
' contracts or lots to trade if you wished to never margin
' more than 50% of your equity.
IF NEWMARGIN > SECTORMARGIN * .2 THEN NEWCONTRACTS = ...
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This is a position sizing tool used to allow your system to access the margin (in dollars) required by a trade when it is presented. It can be used to limit the number of contracts or lots to a pre-defined threshold. |
See also: