Buy/Short a Fixed Number of Shares

Here is a very simple money management script that shows you how to buy a fixed number of shares instead of a number of shares determined by the available cash (default money management sizing method).

In order to use this script, simply add it to your trading system. Later, when selecting your trading system, you can type the number of shares to buy or short for each new position.


How it works:

As I said earlier, this is very basic money management script. It consists of catching new trades using the "OnNewPosition" event.

Each time a new trade is detected, we simply update the number of shares to buy/short using the "Functions.UpdateNumberOfShares" function.

The fixed number of shares is obtained from a variable initialized in the "OnStartSimulation" event. We set up this variable in the "OnStartSimulation" event using the "Functions.SetNumericInput" function in order to be able to update it dynamically when selecting the trading system.


You might also be interested by the following blog post that shows you how to implement different money management sizing techniques in QuantShare:

5 position sizing techniques you can use in your trading system

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