Employing SplitPosition in my code

Author: karla2010

Creation Date: 2/9/2011 8:23 AM

Wealth Lab » WealthScript (.NET) » Employing SplitPosition in my code

karla2010

2/9/2011 8:23 AM

I am having trouble with SplitPosition and obviously do not understand how it works.

Here is some code that works ok and executes exit condition xrsi_1 but never executes exit condition xrsi_2. After selling 50% of my position with xrsi_1, I expected when xrsi_2 is met the other 50% would be sold but this never happens.

Any ideas what I'm doing wrong?

Note: I scale my displays differently so rsi conditions look odd but correspond to standard values.

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Eugene

2/9/2011 8:52 AM

This happens because you keep treating the system as a single-position one...

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...while it creates two positions with SplitPosition.

Try this example:

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Note: this is really looking nonsensical as RSI can't go below zero:

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karla2010

2/9/2011 9:17 AM

Eugene,

Thanks, I'll take a closer look at your example.

With regard to rsi negative. I find it easier to compare all indicators if they are scaled about zero. I always scale all my indicators around the zero line, hence the negative value.