Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Despite working with thinkorswim for over 10 years now, I am obviously still a novice thinkScripter when it comes to crafting custom solutions. With that said, I've been trying to write my own "study", really it's more of a "dashboard" of sorts, to address my need to keep Money Management and Position Sizing front and center when considering a trade...
While the code basically does provide some helpful information, there are a few inconsistencies:
1. Admittedly, this code employs both the Fixed Fraction and ATR Volatility position sizing strategies...I would prefer to follow the ATR strategy only if possible...
2. Somehow the calculation for "tradeSizer" on occasion exceeds "accountSize"...
Any feedback, thoughts or suggestions to improve this code would be greatly appreciated...
Thanks in advance...
Can you help answer these questions from other members on NexusFi?
While I am still trying to sort out the code in terms of Fixed Fraction vs. ATR Volatility, I thought I would post the solution I came up with to resolve the "tradeSizer" exceeding "accountSize" issue in the hopes it might prove useful/helpful to someone else somewhere along the way...