Priority Adjustment PosSizer: value based on indicator's value

Author: wmrgrove

Creation Date: 9/29/2012 12:22 PM

Wealth Lab » Extensions » Priority Adjustment PosSizer: value based on indicator's value

wmrgrove

9/29/2012 12:22 PM

I have a question and need some help on the Priority Position Sizer. I would like to adjust the position size for next trades based on the status of an indicator. Say if EMPlus ( for example )is above x and below y priority is set to, 0 to .3, ect, ect. Can this be done and if so could someone post a simple code strategy that I could work with.

Any help would be appreciated, Thanks, Bill

The LAB WIKI suggests this can be done

QUOTE:

Priority Adjustment

This PosSizer lets you adjust the percentage of equity in relation to priority magnitude.
It's possible to assign a custom priority value to a Position in Strategy code via the Position.Priority property. This easily allows to control the position sizing for the various signals.

•Assign 10% to a position on condition A (priority = 1) and assign 20% to a position on condition B (priority = 2)

Eugene

9/29/2012 1:46 PM

Of course it's possible. Have you already seen the QuickRef code example for Position.Priority (hit F11 in Wealth-Lab)? Simply assign a priority value to your position after its creation depending on the EMPlus value: