RiskStopLevel in Rule-based Strategy
Author: aretemlehm
Creation Date: 12/19/2017 12:02 AM
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aretemlehm

#1
If I want to choose Maximum Risk position size in the Portfolio Simulation Mode, how do I respond to "Strategy code must set RiskStopLevel" dialog pop-up? I cannot find any guidance on that. Do I need to actually convert the strategy to code and type a (or multiple) values?

Thanks
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Eugene

#2
QUOTE:
Do I need to actually convert the strategy to code and type a (or multiple) values?

Yes. You would have to convert to code and add RiskStopLevel.

As a rule of thumb, search works miracles and sometimes may eliminate the need in posting if used well. I'm sure you'll find enough guidance on this if using search:

1. in the Wealth-Lab User Guide (do a keyword search or go to Reference > Data Panel > Position Size Control > Portfolio Simulation Mode)
2. in the QuickRef (start typing in the first few letters)
3. on the forum (again, a keyword search):

Yet another post about RiskStopLevel
Error message "Strategy code must set RiskStopLevel in order to use Maximum Risk position size."
How to set RiskStopLevel?
Most trades not entered after adding RiskStopLevel

4. Search across preinstalled and downloadable strategies: in the Open Strategy dialog, click "Search" and type in (or paste) RiskStopLevel in the "Strategy Code" field. "Channel Breakout VT" is a good example.
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aretemlehm

#3
OK understood and thanks.
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