Package: Scale-In Entries for
MultiCharts
Scaling-In to a position is a good way to control
risk. Scaling-In ensures that an immediate
market reversal doesn't catch you with maximum size
on and throw you for an immediate large loss.
What It Is
4 pre-written strategies (full
source code), implementing up to 6 legs
of scaling-in on either the profit side or the loss side.
This package offers strategies for flexible,
convenient scaling-in on both the profit side
(anti-Martingale) and the loss side (Martingale).
These
strategies works with both stocks and
futures, on both daily and intraday
charts, with MultiCharts 5.5.
What It Looks Like
Here's a picture of the Scale-In Entries in action,
applied to the EMD:
Notice the long profit adds ("lpa"),
working for you to pile into a winning position.
Here's an example of adding on
the drawdown side:
In this case, the long loss adds ("lla") work to
add-on size as the market sells off in a pre-opening
flush-out.
What You Get
4
Scale-In Strategies, and 8 Demo Workspaces
The
4 strategies are:
-
#P_ScaleIn_Pft_02 - Puts on contracts/shares per
specified levels as a position moves profitably.
The number of shares/contracts to put on at each
at each profit target is specified via a
corresponding input.
Levels may be expressed in points or MinMoves.
This is very handy for Bonds, or any instruments
that move in fractional increments.
Individual targets are set as an amount beyond a
specified profit target base. Thus, moving the
profit target base conveniently moves the whole
set of targets - simplifying backtesting and
optimization.
The size of the additions are settable separately
for each level.
A profit target exit and trailing % exits are
provided.
LastOrderTime may be specified for intraday
trading.
All positions may be closed as of the last bar on
the chart to conclude a backtest.
-
#P_ScaleIn_DD_02 - As above, but scaling-in is
done as position draws down.
-
#P_ScaleIn_PftCon_02
Puts on contracts/shares per specified levels as a
position moves profitably, but allows for
specification (via function calls) of conditions
which must be TRUE for add-on to take place at each
level.
All the combinations of 6 levels (000001 - 111111)
maybe tested via integer inputs (1 - 31) to
simplify optimization.
Long-side and short-side combinations are chosen
separately.
The scheme definitions are very straightforward,
and you should have no difficulty understanding them
and defining additional or alternative schemes as
desired.
-
#P_ScaleIn_DDCon_02
As above, but scaling-in is done as position draws
down.
And, of
course, you get
Customer Support
to get
you up and running.
What It Costs
Only
$200 saves you all the time it would take to do the
research, coding and testing required to create
these 4 strategies yourself.
How You Get It
Use the 'Add to Cart' button, above left, to
purchase the package. The package will be emailed
to you after your PayPal payment is processed.
Please be aware of the
caveats
before you order.
