Sortlist

Initial Sizing

When initially sizing positions, Mechanica places trades with the lowest alphabetical value (Aussie Dollar is considered before BP for instance) at the top of order.  SortList ranking of trades is also available for initial size operations when the user has defined and specified a particular SortList[1-4] in Sortlist Manager. In that case when initially sizing positions, Mechanica places trades with the highest numerical SortList value at the top of the trade list to be processed.

When a SortList is used during initial sizing operations, it only ranks trades that are being presented for sizing on the same day, and that are slated to enter on the open of the day.

The use of a SortList during initial sizing has context only if multiple instruments are being presented for sizing on the same day—and on the open—and if trades being presented for sizing have passed all other qualifying criteria to be sized (or else they will be rejected).