Portfolio wide stop loss
Author: gbullr
Creation Date: 9/19/2017 3:30 AM
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gbullr

#1

9/19/2017 3:30 AM

Would it be possible for you to show how to create a portfolio wide stop loss.

By portfolio wide stop loss I mean that once you lose x dollars or x pct of your equity from your peak account value you would close out all positions.

Thank you.
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Cone

#2

9/19/2017 11:09 AM

It's not at all easy to do in Wealth-Lab without some coding gymnastics.

That's because strategies are always executed in a Raw Profit mode, generally one symbol as a time, and then the raw trades are processed to apply a Portfolio-mode sizing. So, the trading - entries and exits - is already complete before the Portfolio sizing process occurs.

There is a solution, but it's somewhat esoteric - Interacting Dynamically with Portfolio Level Equity

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gbullr

#3

9/19/2017 3:54 PM

Thanks. I will take a look.
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