Is Quantshare Ranking Reversed, or did I make a mistake?

Is Quantshare Ranking Reversed, or did I make a mistake?

swalk10
2014-09-24 16:28:23

I am doing a simple ranking process, for example buying the stock with the highest price.
So, X = close.

Then, given a basket of 50 tickers . . .

Rank1 = comp(x, "rank");

I note that rank #1 is set to the highest close price, rank #2 is next, etc., so far so good.

I then tell the system I want to use Rank1 as my criteria, hence

SetSimLongRank(rank1 );

However, the system then buys the lowest rank #50, next buys #49, etc.
Which has reversed the logic of how "comp" does the ranking.

Seems illogical, or did I make an error? How to I do SetSimLongRank to buy rank #1?

Thanks!

clonex
2014-09-25 01:49:59

SetSimLongRank(close );

QuantShare
2014-09-25 04:27:50

"comp" and "SetSimLongRank" are different functions.

The first one when combined with "rank" parameter returns #1 for the highest value while "SetSimLongRank" is used only to rank securities in a trading system and it gives priority to the symbol that have the highest value.

So instead of applying ranking twice, just use as Clonex suggested:

SetSimLongRank(close);

Get more messages

No more messages

Back


Trading Items Intraday Trading System with Daily Ranking Super Stock Screener Ranking System RSI(3) Ranking System Sharpe Ratio Ranking System to Lower Trading Strategies Volatilit... Trading System with Sharpe-Based Ranking	How-to Lessons How to improve the performance of QuantShare databases? How to run QuantShare offline How to use QuantShare with Metastock data How to install the previous version of QuantShare How to import trades into a portfolio
Related Forum Threads Does Quantshare make any "assumptions" when backtesting tick data... Ranking System Help QuantShare Trading Software: New Version 2.9.2 Enable Quantshare to use Multicore-Processors for quicker backtes... Quantshare crash during optimization backtest	Blog Posts How to Backtest an Intraday Stock Trading System with EOD Ranking How to use QuantShare screener to trade penny stocks The Ultimate Guide to Create Trading Systems in QuantShare Speed Up Optimizations by Saving Ranking Data into a Custom Datab... How to Import Metastock data into QuantShare