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Ignore Orders for Recently Sold Securities

by QuantShare, 3336 days ago
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This money management script allows you to set a number of days to wait before purchasing a security that you have sold previously.

Imagine you purchased GOOG then sold it after few days on 5 July 2015. After 5 days your system generates a new buy signal to purchase GOOG again.
By adding the following money management script to your system you can define the number of days that the strategy needs to wait before purchasing the same security again.

If the "Days" value is set to 3 then in our previous example, the strategy would buy GOOG. If it is set to 10 then the strategy will simply reject GOOG trade and will start looking for signals from other securities. A signal to buy GOOG would be considered only after 10 days (after 15 July 2015).
The script works by tracking the OnNewPosition and OnClosePosition events. Each time, a new position is closed; it saves the security name with the close date in a list. When a new order is generated, it checks if the security was already added to the list and compare the current date with the previous close date. It then decides whether to accept or reject the order.


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Type: Advanced Money Management

Object ID: 1611


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