I have multiple systems on the same symbol and there are multipledifferent symbols in the portfolio. For diversification I would like to set a maximum number of positions of the same symbol in the portfolio.
How can I limit the number of positions on the same symbol?
I already looked at the existing correlation MM object on the server, but this needs to be adjusted. Is there another solution available?
I am not sure I understand what you mean by "maximum number of positions of the same symbol" and "multiple systems on the same symbol and there are multipledifferent symbols in the portfolio".
A symbol in a trading system always get just one position, unless using a money management script and different categories.
I have multiple equity curves all trading the same symbol. Example:
AUDCAD_1
AUDCAD_2
AUDCAD_3
etc etc
I have loaded these als symbols in Quantshare together with other symbols/ equity curves like EURUSD_x ,AUDUSD_* etc etc. So when I buy a equity curve I am actually following the systems behind a equity curve.
However when I buy 10 equity curves with format AUDCAD_* then I get a too big position on AUDCAD symbol. That is something I want to prevent.
So instead of limiting the correlation between symbols (I found a MM trading object for this online), I want to prevent the amount of the underlying symbols.
Does this make more sense?
This can only be done using a money management script that on the OnNewPosition event, will keep track of the underlying ticker symbol (Example: AUDCAD) and prevents QuantShare from opening any new position if the number of AUDCAD_* positions is higher than a threshold.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
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