Position Priority in Rule-based Strategies
Author: hasenhas
Creation Date: 12/11/2012 4:46 AM
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hasenhas

#1
How to handle a strategie without (coded) Position Priority if there are more alerts on any given day than I am alowed to trade?

If I code a strategy, then I can rank the entries with the priority and take the highest one. But what should I do if I want to create a strategy with the rule wizard by 100%? How can I rank the signals.? I think the software selects randomly without using a Prio. Means: when I have several test runs on the same strategie, I get always different results. How can I prevent this and how to set a Prio without coding (using the rule Wizard)? Thanks for help!
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Eugene

#2
You can not assign a Priority without coding. That's because Rule Builder does not support post-trade conditions, it can only insert an entry or a pre-entry/exit condition.

To override the default random selection, all you can do is enforce a pessimistic scenario by opening Preferences > Backtest, and enabling the option "Use Worst Trades in Portfolio Simulation".
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