Rule-code opens >1 position in Raw Profit mode

Author: SimhaD04

Creation Date: 12/12/2013 9:29 AM

Wealth Lab » WealthScript (.NET) » Rule-code opens >1 position in Raw Profit mode

SimhaD04

12/12/2013 9:29 AM

CODE:
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My assumption was that in Raw Profit mode, the program is supposed to maintain only one position at a time. So that it opens a second position only after the first one is closed. If this is correct, than this automatically generated code is working incorrectly (let me know if you want a screenshot of rules):
[code]using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;

namespace WealthLab.Strategies
{
	public class MyStrategy : WealthScript
	{
		private StrategyParameter slider1;
		public MyStrategy()
		{
			slider1 = CreateParameter("Stop Loss %",6,1,100,10);
		}

protected override void Execute()
		{
			DataSeries BBUp = BBandUpper.Series( Close, 20, 2.5 );
			DataSeries BBUp_1 = BBandUpper.Series( Close, 20, 2.5 );
			DataSeries BBDown = BBandLower.Series( Close, 20, 2.5 );

PlotSeries(PricePane, BBUp, Color.Blue, LineStyle.Solid, 2 );
			PlotSeries(PricePane, BBUp_1, Color.Blue, LineStyle.Solid, 2 );
			PlotSeries(PricePane, BBDown, Color.Blue, LineStyle.Solid, 2 );

for(int bar = GetTradingLoopStartBar(21); bar < Bars.Count; bar++)
			{
					bool cond1 = false;
					if (CrossOver( bar, Close, BBUp_1 ))
					{
						cond1 = true;
					}
					bool cond2 = false;
					if (CrossOver( bar, Close, BBDown ))
					{
						cond2 = true;
					}
					if (cond1 || cond2)
					{
						BuyAtMarket(bar + 1, "Group1|Group2|");
					}
				
				for(int _pos = ActivePositions.Count - 1; _pos >= 0; _pos--)
				{
					Position p = ActivePositions[_pos];
					if (p.Active)
						{
					if (p.EntrySignal.Contains("Group1|"))
					{
						if (CrossUnder( bar, Close, BBUp ))
						{
							SellAtMarket(bar + 1, p, "Group1");
						}
					}
					if (p.EntrySignal.Contains("Group2|"))
					{
						double Stop = p.EntryPrice * (1 - slider1.Value / 100.0d);
						SellAtStop(bar + 1, p, Stop, "Group2");
					}

}
				}
			}
		}
	}
}[/code]

Eugene

12/12/2013 9:51 AM

QUOTE:
My assumption was that in Raw Profit mode, the program is supposed to maintain only one position at a time.

Incorrect assumption. Rule-based strategies can be either single- or multi-position depending on "Position Management" radio button. The position sizing mode does not have to do with it. If you have selected "Multiple open positions allowed" - like in your script above - then Wealth-Lab will maintain multiple positions.