Position Sizing Help Please!

[Tomhgriff1]

Hi all,

I am using the strategy wizard and have created a system and want to add in a condition that says if I am negative on the day in terms of P&L I will trade certain position size if I am positive I will trade another position size.

I created a new Set separate to my main entry formula with exactly the same code and entered the command "If realized Pnl <0 then sell "half size""

So in theory this should check to see if this strategy's closed pnl is less than zero and if it is trade a reduced size.

But it doesnt seem to work. Everything is just executing "full size"

Thanks

[NinjaTrader_PatrickH]

Hello Tomhgriff1,

Thank you for your post.

I have created a video on this item, you can view this video at the following link: http://screencast.com/t/8NEpBGsAz

Please let me know if you have any questions.

[Tomhgriff1]

Thanks Patrick, I really appreciate you going to the extent of creating a video. It makes sense.

As a side-note, rather than cumulative equity would it be much harder to create a condition that looks to see if you are positive or negative on the day. If negative trade half size?

Thank you very much

[NinjaTrader_Bertrand]

Hi Tom, yes that would be a bit more involved as it would mean going outside of the wizard interface.

The approach needed though including custom code to reuse from the sample would be featured here - http://www.ninjatrader.com/support/f...ead.php?t=4084