Log in to see Cloud of Tags

Wealth-Lab Wiki

Priority Adjustment

This PosSizer lets you adjust the percentage of equity in relation to priority magnitude.

By default, Wealth-Lab assigns a random double value, ranging from 0 to 1, as a position's priority. It's possible to assign a custom priority value to a Position in Strategy code via the Position.Priority property. This easily allows to control the position sizing for the various signals.

Example use cases

  • Assign 10% to a position on condition A (priority = 1) and assign 20% to a position on condition B (priority = 2)
  • Easily test a "Double and Reverse on a Stop Loss" system by assigning a different priority and position size to the entry signal coming after a loss
  • Assign different equity percentages based on market sectors, ETF groups etc.

Setting up

On this example, only trades with random assigned priorities ranging between 0.4-0.49 and 0.7-0.79 are taken, as shown by the Trades+ visualizer in the background. Although priorities from 0.8 to 1.0 are processed, these trades are sized to 0% per position so they aren't included).

The series of checkboxes define the number of active priority "groups" (bins). Unchecking them:

  1. allows to have any number of Priority groups from 1 to 10,
  2. makes trades with such priorities assigned disappear.


Important Disclaimer: The information provided by Wealth-Lab is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security.  The owner of Wealth-Lab.com assumes no liability resulting from the use of the material contained herein for investment purposes. By using this web site, you agree to the terms of this disclaimer and our Terms of Use.

ScrewTurn Wiki. Some of the icons created by FamFamFam.