Question about Acumulated Positions

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  • 11/12/2023 at 11:17 AM #223580 quote
    TempusFugit
    Participant
    Veteran

    Hi,

    When you activate a system in ProOrderLive you are asked the max. position to be opened with that system. In case of a system with multiple entries, that maximum size is:

    1. for each entry
    2. or for the total of all entryes?

    Thanks

    11/12/2023 at 12:21 PM #223582 quote
    GraHal
    Participant
    Master

    If it were me I would duplicate my System and  choose variable values so that I got trades quickly (for ease of  testing, doesn’t matter about profitable) and then use setting 1. above on one system and setting 2. on the other system … do this on your Demo / Test System.

    If you do above, let us know how you get on please?

    11/12/2023 at 1:55 PM #223590 quote
    GraHal
    Participant
    Master

    If I had to give an answer, I’d say No 1 – for each entry?

    11/12/2023 at 2:25 PM #223592 quote
    JS
    Participant
    Senior

    Here’s what PRT says about it… (it’s about the total of the number of contracts)

    Maximum position size parameter: The parameter “Max position size” must be defined in the ProOrder window before the start of a trading system. It takes precedence over the quantities to buy/sell defined in the code of the trading system. For example, if your code had an instruction to buy 3 contracts, but you set the maximum position size to 1 contract, the order to buy 3 contracts would be ignored. Similarly, if your code had an instruction to buy 1 contract then sell short 3 contracts, the order to sell short 3 contracts would be ignored and you would remain in a buying position with 1 contract. You should always check the maximum position size parameter before starting a trading system..

    GraHal and TempusFugit thanked this post
    11/12/2023 at 6:01 PM #223616 quote
    robertogozzi
    Moderator
    Master
    It’s a limit for each strategy, no natter how many positions you accumulate with multiple entries. When the total set in autotrading  is reached the strategy won’t be able to add more!
    TempusFugit thanked this post
    11/12/2023 at 7:55 PM #223618 quote
    TempusFugit
    Participant
    Veteran
    JS wrote:
    Here’s what PRT says about it… (it’s about the total of the number of contracts) Maximum position size parameter: The parameter “Max position size” must be defined in the ProOrder window before the start of a trading system. It takes precedence over the quantities to buy/sell defined in the code of the trading system. For example, if your code had an instruction to buy 3 contracts, but you set the maximum position size to 1 contract, the order to buy 3 contracts would be ignored. Similarly, if your code had an instruction to buy 1 contract then sell short 3 contracts, the order to sell short 3 contracts would be ignored and you would remain in a buying position with 1 contract. You should always check the maximum position size parameter before starting a trading system..
    Thanks JS, where did you find so good explanation? I ask for knowing where to look for other questions I can have
    11/12/2023 at 8:20 PM #223619 quote
    GraHal
    Participant
    Master
    I don’t think it’s where JS got the info he posted, but it contains a wealth of knowledge (and also covers max position size). https://trading.prorealtime.com/en/proorder_create_trading_system.phtml?ad=1#:~:text=Before%20starting%20the%20system%2C%20you,position%20size%22%20of%20two%20contracts
    JS and TempusFugit thanked this post
    11/12/2023 at 8:27 PM #223621 quote
    JS
    Participant
    Senior

    It is listed under : “Conditions of execution of automatic trading systems

    (I think it’s the same link as from GraHal)

    TempusFugit thanked this post
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Question about Acumulated Positions


ProOrder: Automated Strategies & Backtesting

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TempusFugit @tempusfugit Participant
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This topic contains 7 replies,
has 4 voices, and was last updated by JS
2 years, 3 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 11/12/2023
Status: Active
Attachments: 2 files
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