The MAXORDER parameter is used in ProBacktest to define the maximum order size allowed during a backtest. This ensures that no order exceeds a specified size, allowing for more controlled and realistic simulations.
DEFPARAM MAXORDER = 10Explanation:
- The keyword
DEFPARAMis used to configure various parameters in a ProBacktest strategy. MAXORDERsets an upper limit on the number of contracts or units that can be traded in a single order.- The value assigned (in this case,
10) represents the maximum allowable order size.
Step-by-step breakdown:
- During a backtest, ProBacktest ensures that no single trade exceeds the value set in
MAXORDER. - If the strategy generates an order larger than this threshold, only the maximum allowed size will be executed.
- This parameter is useful for testing strategies under realistic conditions where position sizing constraints apply.