Support Board
Date/Time: Mon, 25 Nov 2024 20:22:42 +0000
Post From: ASCIL custom automated trading system speed vs custom study + other management studies
| [2024-02-19 16:15:41] |
| emmanuel - Posts: 58 |
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The "Trade Management by Study" doesn't do any position scaling. All it does is modify the position target or stop based on the value provided by another study. Of course this implies that the position has attached orders. For example, say you take a long position off a 10-period moving average. You can use the "Trade Management by Study" to tighten the stop by having it use a 20-period moving average to determine the stop price. That's all the study does; You give it a subgraph containing the target/stop price you want and the study uses that to trail the target/stop. However, right away there's a problem. Because if the position turns against you the 20-period moving average would also reverse, causing the "Trade Management by Study" to loosen the stop, which of course increases the risk in an uncontrolled way. You could mitigate this by creating a custom subgraph which only moves in the trade direction, but at that point you might as well ditch the "Trade Management by Study" and write the code yourself. That's why I mentioned earlier that the "Trade Management by Study" and the like are good for prototyping an idea, but not for anything serious. |