Using True – cumulating positions

Alun · 2019-05-04T08:27:52+00:00

When using True to activate cumulative positions, is there a simple way to limit the number of positions to a maximum?

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05/04/2019 at 9:27 AM #97650 quote

Alun
Participant

Average

When using True to activate cumulative positions, is there a simple way to limit the number of positions to a maximum?

05/04/2019 at 9:43 AM #97651 quote
robertogozzi
Moderator

Legend
COUNTOFPOSITION returns the number of open positions.

COUNTOFLONGSHARES returns the number of open Long positions.

COUNTOFSHORTSHARES returns the number of open Short positions.

Example:
```
MaxPositionsAllowed = 5
If MyConditions And CountOfPosition < MaxPositionsAllowed Then
   Buy 1 contract at market
Endif
```
05/04/2019 at 11:07 AM #97661 quote
Vonasi
Moderator

Master
Don’t forget that COUNTOFPOSITION is a negative value if you are short on the market and a positive value if you are long. You can use:
```
abs(countofposition)
```
to return only a positive value. So Roberto’s code needs to be like the following to work with short position quantities.
```
MaxPositionsAllowed = 5
If MyConditions And abs(CountOfPosition) < MaxPositionsAllowed Then
   Sellshort 1 contract at market
Endif
```
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05/04/2019 at 12:04 PM #97670 quote

Alun
Participant

Average

This looks very good – many thanks Roberto and Vonasi!!

05/04/2019 at 12:15 PM #97671 quote

GraHal
Participant

Master

Copied to here Snippet Link Library

Another successful collaboration on the Snippet Log! 🙂

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06/15/2020 at 10:25 PM #136055 quote

GraHal
Participant

Master

Fantasio2020 wrote:

z = n*3/2

And is n*3/2 allowed as a lot size for the Instrument you are trading?

If it were me I would concentrate on making a profit by getting the strategy correct for Long entry / exit and Short entry / exit and use Lot size = 1 for simplicity?

After you are making consistent profit every week for months … then tweak lot size etc??

06/15/2020 at 10:47 PM #136058 quote

robertogozzi
Moderator

Legend

Sorry @GraHal, I deleted all of his posts here because he had started another topic in the French forum.

You may want to post your reply, in French, there https://www.prorealcode.com/topic/taille-de-position-en-fonction-de-lhoraire-de-trading/.

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