Limit monthly portfolio risk to 10%
Author: pubx101
Creation Date: 10/28/2020 1:26 PM
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pubx101

#1

10/28/2020 1:26 PM

I would like to control my position with the following idea:

1. Select a regular strategy with 3 stocks in max;
2. if the total loss in one month is more than 10%, clear all stocks and wait; (still run the strategy with paper account / virtual trade)
3. trade again once the strategy starts to make profit (on paper/virtual trade) again.


Does wealth lab script support this? is there any sample code similar to this ?

thanks
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Eugene

#2

10/28/2020 1:34 PM

You could use the Limit Monthly Drawdown PosSizer from the MS123 PosSizer Library.
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pubx101

#3

10/30/2020 1:11 PM

Can you please provide me URL for download ? I logged into Wiki and still can't find it. thanks

---> found it
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Eugene

#4

10/30/2020 1:34 PM

The link is straight above in post #2:

MS123 PosSizer Library.
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