Thanks once again for your comprehensive explanation, DrKoch.
Being a newcomer to WL and finantics, can I ask how do users generally get more information about the calculations of the various functionalities offered in the extensions? For example, does the sizer, Max Risk % Limited to % of Equity, rebalance the allocation for each positions daily or does it only determine the allocation at trade inception?
I'm conscious of not taking too much of your time with trivial questions which users can find the answer on their own. For now, the only piece of information which I have about "Max Risk % Limited to % of Equity" is via this URL, https://www.wealth-lab.com/extension/detail/finantic.Indicators#changeLog
Being a newcomer to WL and finantics, can I ask how do users generally get more information about the calculations of the various functionalities offered in the extensions? For example, does the sizer, Max Risk % Limited to % of Equity, rebalance the allocation for each positions daily or does it only determine the allocation at trade inception?
I'm conscious of not taking too much of your time with trivial questions which users can find the answer on their own. For now, the only piece of information which I have about "Max Risk % Limited to % of Equity" is via this URL, https://www.wealth-lab.com/extension/detail/finantic.Indicators#changeLog
Rename
I have not investigated the special indicator from DrKoch but my guess is (and how it is generally applied), it uses it only when the position is opened. I am sure you could program one that can do what you were asking. I guess it would lead to many more trades.
QUOTE:
does the sizer, Max Risk % Limited to % of Equity, rebalance the allocation for each positions daily or does it only determine the allocation at trade inception?
From WL->Help->Strategy->Strategy Settings:
QUOTE:
Strategies determine when to buy and sell, but how much is determined by the Position Sizing selection.
So the correct answer is: A Pos.Sizer only determines the allocation at trade inception.
thanks DrKoch.
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