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I've done pyramiding in terms of trading. After doing it, and getting less than satisfactory returns, why would you want to? It is essentially dollar cost averaging the wrong way. The reward/risk characteristic of the position is getting worse as you approach the final position close-out.
Granted, managing a fund may quite different, since money is always streaming in or out, whatever.
But, it seems to make more sense to find a stock/future that hasn't moved yet, and invest new money there.
Kevin Campbell
In a message dated 8/24/03 4:29:34 PM Central Daylight Time, psytek@xxxxxxxx writes:
Pyramiding has been commented on by Tomasz, and can be implemented by closing and re-opening a position with a different position size. I also posted another method myself at the time. Do a search for Pyramid in the AB archive. Here is TJs example:
// the example system buys on monday, wednesday (increasing
>>>pos)
>>>// and sells on friday
>>>
>>>BuyCond = DayOfWeek() == 1;
>>>Buy2Cond = DayOfWeek() == 3; // pyramid
>>>
>>>Sell = DayOfWeek()==5;
>>>
>>>Buy = BuyCond OR Buy2Cond;
>>>PositionSize = IIf( Buy2Cond, 2000, 1000 ); // 1000 is first
>>>trade
>>>2000 is pyramided
>>>Sell = Sell OR Buy2Cond;
>>>
>>>/////////////////
>>>Please set trade delays to zero in the settings page.
-----Original Message-----
From: Chuck Rademacher [mailto:chuck_rademacher@xxxxxxxxxx]
Sent: Sunday, August 24, 2003 4:37 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: RE: [amibroker] Re: adding to positions in Stocks
The inability to add to positions in AB and MetaStock has been a frustration for a lot of us over the years.
After reading some of the posts on this recent thread, I had an idea that might help. If it was really important to me to be able to test such an idea, I would try creating pseudo-instruments. For ease of describing what I'm talking about, I'll use IBM as an example. By the way, this approach could be tedious for stocks, but I get the impression that the original person raising the issue was interested in futures. Cotinuing with my example of IBM, I could create a new ticker called "IBMx1" that I could use the first time that I wanted to add to a position. I could have another (IBMx2) for the next addition, etc. You could even set commissions/slippage to zero within the AFL for such tickers.
I haven't thought it all the way through and I don't really have time to get into it right now. But perhaps someone else can take it from here?
Have fun!
-----Original Message-----
From: CS [mailto:res1wgwl@xxxxxxxxxxx]
Sent: Sunday, August 24, 2003 4:17 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: Re: [amibroker] Re: adding to positions in Stocks
You can increase or decrease the size of each position before it is initiated, but not during a trade. For anything. Not yet.
You could write a dll for the capability but it would be difficult to keep the separate trades organized. After you decided to increase/decrease a position while you were in a trade, which contracts/equities would buy/sell first? When? In what order? According to what schedule?
-CS
----- Original Message -----
From: rlb21079
To: amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, August 24, 2003 4:16 AM
Subject: [amibroker] Re: adding to positions in Stocks
Is this also true for equities/stocks?
--- In amibroker@xxxxxxxxxxxxxxx, "CS" <res1wgwl@x...> wrote:
>Can't.
>
>-CS
> ----- Original Message -----
> From: emarco
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Tuesday, July 15, 2003 9:37 AM
> Subject: [amibroker] adding positions in futures
>
>
> How can I add postions (contracts) if a condition is met.
>
> example:
> I entered a buy position after signal.
>
> Add one more contract if profit (first trade >2%)
>
>
> any idea how?
> thanks
>
> juan
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