Strategy Position Size


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Sorry if its a bit much….

Just finished building a strategy only thing left is to set up how many lots i would like to trade (FX) with it, and I dont know how to begin with that. This is my buy code: (I defined it too)

addOrder(OrderType.BUY_TO_OPEN, buy, name = “buy”, tickColor = Color.GRAY, arrowColor = Color.GRAY);

So i believe that aspect of my strategy is correct, the only reservations I need clarity on are with….

  1. What does the default entry position sizing in ‘Global Strategy Settings’ represent? If I change it my floating pl changes drastically too. I dont know if its measuring lot size or account size.
  2. How would I adjust the lot size for my strategy?
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Posted by (Questions: 5, Answers: 2)
Asked on August 30, 2020 6:34 pm
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Private answer

Pretty much all of your questions are answered in our videos on the Strategy Guide category published on this website:

https://www.hahn-tech.com/category/tos/strategies-tos/

Since you are asking these questions it's very likely you have never watched any of our videos on this topic. So rather than trying to explain all these details gain, I will simply provide you a link to the most relevant video in this category:

https://www.hahn-tech.com/thinkorswim-strategy-guide/

 

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Posted by (Questions: 37, Answers: 4091)
Answered on August 30, 2020 7:27 pm
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So I looked through the resources and it seems to address equities but forex position sizing is different in that it doesnt trade by individual shares but by a lot size. So in the ”Global Strategy Settings” the default entry position sizing is referring to what when it mentions ’contracts’? if you have anything to point me in the right direction id appreciate it.
( at August 30, 2020 8:03 pm)
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See if this helps: https://www.hahn-tech.com/ans/can-you-explain-how-to-get-a-strategy-to-work-with-forex/ I searched the Strategy Guide topic on this forum for the term "Forex".
( at August 30, 2020 10:22 pm)
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Got it!!! Thanks!!!!! And really quick, do strategies need to be turned on or once their seen on the chart theyre active? Last one, do they run even if the TOS platform isnt open?
( at August 31, 2020 6:53 am)
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Have you taken the time to view the video I linked in my original answer to this post? Seems that you don't understand what Chart Strategies are used for (back-testing) and somehow you have come to believe they can generate live trades (they cannot).
( at August 31, 2020 8:21 am)