Portfolio Trader - coding money management

September 25th, 2015, 03:50 PM

Ok so I am trying to learn to use Multicharts. Essentially my main interest if using multicharts to backtest my strategies. Now writing the actual entry and exit signals for my strategies is ok. However I am having issues finding information on the "money management" functions and PMM Keyworks.

Essentially I want to code the following but I have no idea where to start:

- Max number of positions (either long or short) = 5
- Certain criteria to define the size of the position depending on the available funds in my account

So to make things clearer I want the system to first check how many positions I already have open and then decide on how many more positions I can open. Then I want the system to find the next appropriate stock based on the criteria of my strategy and then based on position rules, calculate how many shares it is allowed to buy(or sell) for this particular stock.

Any help would be much appreciated.

Thanks

ABCTG · September 26th, 2015, 05:49 AM

bluefightingcat,

did you go through the two PDFs that MC provides? One contains an explanation of the Portfolio Trader functionality and reserved words, the other goes through the three built in Portfolio Strategies and explains the code.

This is a good start and should give you the information you are looking for.

Regards,

ABCTG

September 27th, 2015, 12:39 AM

Thanks ABCTG.

Now I haven't found the pdfs. However I have found something similar in the wiki.

September 27th, 2015, 12:39 AM

These are what I found in the wiki:

Portfolio Trader Strategy Examples - MultiCharts

https://www.multicharts.com/trading-software/index.php/Category:PowerLanguageKeywords

September 29th, 2015, 02:58 AM

Hi,

this is my solution for limit max open positions:

Portfolio Trader - Set Max Open Position

Hi All,

there is any easy way through Multicharts Portfolio Trader to set a Max Number of Open Position (like in amibroker) to reduce account size required in a TS portfolio ?
For example i would like, in a portfolio of 25 system, to limit the max …

Anyway it works correctly during simulation but sometimes has some problem on live trading.

No Erocla

Portfolio Trader - coding money management

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Portfolio Trader - coding money management