Keyword Description
Category initialization.
~POSITION initializes, or defines the POSITION category on the Resize page.
Categories are a type of shorthand; When any of the Category-legal keywords listed at the bottom of this topic are placed underneath a Category keyword such as ~POSITION, they behave as if "POSITION" was their keyword prefix.
Class
Category
Where Legal
Resources |
Entry Logic |
Exit Logic |
Initial Size |
Resize (Pre-Category) |
Resize (Category-Level) |
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Syntax
~POSITION
Example
Sample code
~POSITION ' initializes POSITION category
IF RISK > TOTALEQUITY * .2 THEN _
MULTIPLIER = .9 ' resize statement
Pseudo-code
IF PositionRISK > Total Equity * .2 MULTIPLIER = .9
Explanation
If the current open risk in this Position is greater than 20% of total equity, then reduce the risk in this Position by 10%.
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Under the ~POSITION Category: Each open position forms a unique set, thus, each set has one, and only one element. An open Wheat position in System 1 forms a set. An open Wheat position in System 2 forms another set. If five (5) different systems each have open positions in Wheat, then there will be five unique Wheat sets in the Position category. |
