For the position sizing, is there a way to select "Percent of Equity" and "Max Risk Percent" at the same time (through an advanced position sizer) or do I have to realize this condition through a code snippet?
Rename
No way.
What's the idea behind selecting multiple results for a sizing a position?
What's the idea behind selecting multiple results for a sizing a position?
It may be possible through our Concierge Support Service. But as Cone just said, first we'd like to know the rationale behind your question.
The idea behind is to treat the volatility of each stock individually and to risk the same dollar amount on different stocks. I can risk the same amount per stock by varying the size of the position. A position in low volatile stocks can be larger than the size of high volatile stock.
Okay, then you just need to express that in your own PositionSizer -
https://www.wealth-lab.com/Support/ExtensionApi/PositionSizer
https://www.wealth-lab.com/Support/ExtensionApi/PositionSizer
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