Hi all, I am looking for a simple example of how to create a pyramid system (adding a 2nd position in an uptrend) for stocks. Thanks
Rename
You first need to install the PowerPack extension if you haven't already done so. Afterwards, look for the "Pyramiding" topic under PowerPack > Position Sizers section in the WL Help docs.
I don't use PosSizers myself (I'm a trader, not an investor, so I'm all in or all out.), so I can't give you an example of using a Position Sizer. Maybe Co-Pilot can provide a Position Sizer example using Pyramiding.
I don't use PosSizers myself (I'm a trader, not an investor, so I'm all in or all out.), so I can't give you an example of using a Position Sizer. Maybe Co-Pilot can provide a Position Sizer example using Pyramiding.
You can code pyramiding (and variable sizing if required) without the PowerPack sizer. The Pyramiding sizer just makes the variable sizing easy, if that's required.
To Pyramid with blocks, you'd add the another set of Buy/Sell conditions that corresponds to your second position like this:
https://www.wealth-lab.com/Discussion/Scale-in-out-in-Blocks-multiple-positions-10409
The trick for you is to add an "Open Position Count = 1" condition for your "pyramid in an uptrend" Buy rule.
To Pyramid with blocks, you'd add the another set of Buy/Sell conditions that corresponds to your second position like this:
https://www.wealth-lab.com/Discussion/Scale-in-out-in-Blocks-multiple-positions-10409
The trick for you is to add an "Open Position Count = 1" condition for your "pyramid in an uptrend" Buy rule.
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