Hi,
I understand that when I set Multiple Positions on, the system allows multiple positions of a single ticker. This is what I want. However, I noticed that if the entry conditions are met multiple days in a row, the system keeps adding new positions until the buying power is done. Is there a condition that would delay subsequent entries? For example, once a new position in a ticker is taken, ignore new entry signals for a min of 30 days.
Thank you.
I understand that when I set Multiple Positions on, the system allows multiple positions of a single ticker. This is what I want. However, I noticed that if the entry conditions are met multiple days in a row, the system keeps adding new positions until the buying power is done. Is there a condition that would delay subsequent entries? For example, once a new position in a ticker is taken, ignore new entry signals for a min of 30 days.
Thank you.
Rename
Hi,
One such method is to set "Max Open per Symbol" to 1 in Strategy Settings > Position Sizing.
One such method is to set "Max Open per Symbol" to 1 in Strategy Settings > Position Sizing.
Hi Eugene,
I believe this has the same effect as using the Open Position Count condition. It restricts the number of positions but doesn't delay new positions. I'm ok with having multiple adds on the same ticker, I just don't want them to be on back to back days.
I believe this has the same effect as using the Open Position Count condition. It restricts the number of positions but doesn't delay new positions. I'm ok with having multiple adds on the same ticker, I just don't want them to be on back to back days.
In C# code based strategies it's pretty straightforward to accomplish:
https://www.wealth-lab.com/Discussion/How-to-avoid-buying-back-in-after-a-stop-loss-sell-6942
https://www.wealth-lab.com/Discussion/How-to-avoid-buying-back-in-after-a-stop-loss-sell-6942
Sounds like it could be a new Building Block idea, perhaps for our Power Pack.
Thanks Eugene, that code would work. I have zero C# knowledge so will need to figure it out. Glitch, a building block would be a life saver! :)
I'm including it in upcoming build of the PowerPack.
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