Keyword Description
Risk in a new trade
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
NEWRISK
Return Value
Returns the dollar amount of RISK for a new trade being presented for Initital Sizing.
Example
Sample code
NEWCONTRACTS = (.01 * TOTALEQUITY) / NEWRISK
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Risk is per contract or share. The default value of NEWRISK in Mechanica is the (dollar value of the) difference between the closing price yesterday, and the exit price today. If no exit stop is specified in the SIG code all trades will be rejected. Why? Because with the use of an exit stop or USERDEFINEDRISK Mechanica can't calculate risk. |
See also: