Transaction Weight does not work, once it comes to limit orders, however the software applies it. So, the results are too good to be true. You cannot trade it in reality.
What I wonder is: If I apply the limit only to the Open-Price. So, practically the broker software checks on the day when the shares should be bought, which of the ones which fulfil the criteria of the strategy also have an open price which is below the given limit. And then all of them will be ordered by the transaction weight.
And in the next second the top ones will be bought with market orders. So, of course they would not be bought at the open price, but very closely since only one second would have passed... so the results could be somehow realistic.
The question is: Can this scenario be simulated in Wealth Lab? The day of the purchase the open price would have to be a knockout criterion...
What I wonder is: If I apply the limit only to the Open-Price. So, practically the broker software checks on the day when the shares should be bought, which of the ones which fulfil the criteria of the strategy also have an open price which is below the given limit. And then all of them will be ordered by the transaction weight.
And in the next second the top ones will be bought with market orders. So, of course they would not be bought at the open price, but very closely since only one second would have passed... so the results could be somehow realistic.
The question is: Can this scenario be simulated in Wealth Lab? The day of the purchase the open price would have to be a knockout criterion...
Rename
The QuickRef guidance for Transaction.Weight should be amplified, but you can refer to:
Help (F1) > Building Blocks > Condition Blocks > Transaction Weight (a.k.a. Priority)
Apart from that, a use-case for Limit orders is for limiting the number of trade candidate (entry) signals in the position sizing control.
Help (F1) > Building Blocks > Condition Blocks > Transaction Weight (a.k.a. Priority)
Apart from that, a use-case for Limit orders is for limiting the number of trade candidate (entry) signals in the position sizing control.
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