Keyword Description
Sizes positions
Class
Expression
Where Legal
Resources |
Entry Logic |
Exit Logic |
Initial Size |
Resize (Pre-Category) |
Resize (Category-Level) |
|
|
|
l |
|
|
Syntax
NEWSHARES
Example
Sample code
My_Position_Size = (TOTALEQUITY * .005) / NEWRISK ' risk half a percent
IF SECTORPOSITIONS < 2 THEN NEWCONTRACTS = My_Position_Size
|
Invokes money management by allowing you to specify the number of shares to trade. Trades from all data items that are run in the same SIG process are put into a trade "bucket". To build a Portfolio Summary Report we take each trade from the bucket, in order, and examine it to see if it can be accepted based on position sizing rules, or if not, simply rejected. Suppose you are already holding 2 different stocks in the automotive sector when a new GM trade is presented by your system. Accepting the GM trade would put the number of open positions in the automotive sector over 2 so this statement evaluates to false or zero. As such, the trade will be rejected and NEWSHARES remains equal to zero. When we go to the Portfolio Summary Report Detail to evaluate the system we will see that the trade was rejected. No other information regarding it will be present in the Detail since for the purposes of the Portfolio Summary Report, it was never executed. |
