Hi,
I wrote a signal to buy at the start of each year the only one stock with the highest momentum:
value1=(c-c[250])/c*100;
PortfolioEntriesPriority=value1;
if marketposition=0 then buy next bar at open;
if year(date)>year(date)[1] then sell this bar at close;
I don't know why the backtester buy also the other stocks (few shares). Where is the mistake?
In attachment the result and the setting.
Thanks for the help
Riccardo
PortfolioEntriesPriority [SOLVED]
PortfolioEntriesPriority
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- ABC
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Re: PortfolioEntriesPriority [SOLVED]
Riccardo,
your setup doesn't utilize a Portfolio Money Management Signal (PMMS) that would be required to effectively control the number of entries.
In your setup all symbols are allowed to enter (according to your code) and while the one with the highest priority might receive the largest amounts of shares, there might be money left for additional symbols that are not restricted from an entry.
The reserved word PortfolioEntriesPriority dates back to a time when the PMMS functionality was not available and to gain the required control within a Portfolio it's best to use the combination of entry signals and a complementing PMMS. You can take a look at the built-in portfolio strategies and their explanation within the Wiki for examples of how they can work together.
https://www.multicharts.com/trading-sof ... y_Examples
Regards,
ABC
your setup doesn't utilize a Portfolio Money Management Signal (PMMS) that would be required to effectively control the number of entries.
In your setup all symbols are allowed to enter (according to your code) and while the one with the highest priority might receive the largest amounts of shares, there might be money left for additional symbols that are not restricted from an entry.
The reserved word PortfolioEntriesPriority dates back to a time when the PMMS functionality was not available and to gain the required control within a Portfolio it's best to use the combination of entry signals and a complementing PMMS. You can take a look at the built-in portfolio strategies and their explanation within the Wiki for examples of how they can work together.
https://www.multicharts.com/trading-sof ... y_Examples
Regards,
ABC