Is there a way to program position size as portfolio percent risk based on ATR. Ex: 100K portfolio, 1% risk. ATR=2, 2ATR stop. Position size =1000/4, Buy 250 shares.
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Yes, you can use the Percent Volatility money management method from our PowerPack extension:
https://www.wealth-lab.com/extension/detail/PowerPack
Position size is determined based on the market volatility (ATR), increasing when volatility is lower and decreasing when volatility is higher.
https://www.wealth-lab.com/extension/detail/PowerPack
Position size is determined based on the market volatility (ATR), increasing when volatility is lower and decreasing when volatility is higher.
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