R3 Purchase Rules
Author: jsinjur
Creation Date: 10/27/2012 1:41 PM
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jsinjur

#1
Eugene:

The basic rules, as I understand them, is for four purchases. Each purchase is made on a lower close than a previous purchase and is involves increasingly higher dollars (larger percentage of full position)until a full four positions are taken. My problem is when I run history scans, there are never more than two positions taken yet the close is lower(still conforms to rules of when new positions should be taken). Why is that? What I have eventually done is couple the strategy with High Probability, and whenever that signals a new buy, I add until four positions are taken. Thanks for any help.

Joe
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Eugene

#2
I'm not a fan of guesswork, but maybe your position sizing is too big to take the four positions. Have you tried switching to Raw Profit mode?
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jsinjur

#3
I am using the Raw Profit mode and my sizing indicates $5,000 for the mode. Theory would say you are already at position limit yet trade indicates two positions (my original question), each position equal to $5,000. If 5K is my position limit in raw mode, why would it give me two and not the four the strategy calls for? This is a theoretical question as I mentioned before I use R3 and High Probability with a four or more limit. If you are in New York area, hope all are safe. Thanks

Joe
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Eugene

#4
Change:
CODE:
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This way:
CODE:
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Voila.

This was making the strategy code stuck at 2 open positions. Sounds like I forgot to change it back to 4 after making some experiment. The updated Strategy has been uploaded on the website. Sorry for the inconvenience.
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Eugene

#5
P.S. RP mode is not required.
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jsinjur

#6
Thanks for the help.