2% Rule

[ErikHR1969]

Hi,

I was trying to create a method that would place a trade for the appropriate number of shares to implement the 2% rule.

2% Rule: Definition as Investing Strategy, With Examples (investopedia.com)

Does this look like a good start? Does anybody have any suggestions?

Thanks,
Erik

//PercentToBuy is a strategy property that defaults to 2.
//LongOrShort is an enum that can be set to Long or Short.

        protected void EnterPercentage(double riskPerTrade, LongOrShort go) {
            double CashValue = Account.Get(AccountItem.CashValue, Currency.UsDollar);
            double TotalRiskAllowed = CashValue * (PercentToBuy / 100);
            int SharesToBuy = Convert.ToInt32(TotalRiskAllowed / riskPerTrade);
            SharesToBuy = Math.Max(1, SharesToBuy);
            Print("Enter " + PercentToBuy + "%  -->  " + SharesToBuy);
            if (go == LongOrShort.Long) EnterLong(SharesToBuy);
            else EnterShort(SharesToBuy);
        }​

[NinjaTrader_ChelseaB]

Hello Erik,

As it appears you are asking for advise for a custom calculation, this thread will remain open for the community to provide opinions or suggestions for custom calculations.

That said, CashValue * (PercentToBuy / 100) would provide that percent of the cash value.