Requesting a Maximum Position Size/Cap setting
Posted: Thu Sep 05, 2024 4:17 pm
It would prevent an order increasing the position being placed if already at maximum position size. (1,2,5,20, etc)
, It would also prevent too many orders being placed reversing the position.
I believe this feature would be extremely useful both in simulated trading and live. I know some platforms like Ninja have it, also brokers like Tradovate have it.
It would prevent position being increased by mistake and miscicks.
More importantly many people have learned or continue to learn bad habits through an unlimited position size in the simulator, including myself. However those habits are very easy to unlearn with a maximum position cap.
In addition it would also be useful for the purpose of restricting position size in times of high volatility.
When implementing please make sure no message pops up that has to be dismissed by the user, just a sound and an information message.
Thank You
Tom
, It would also prevent too many orders being placed reversing the position.
I believe this feature would be extremely useful both in simulated trading and live. I know some platforms like Ninja have it, also brokers like Tradovate have it.
It would prevent position being increased by mistake and miscicks.
More importantly many people have learned or continue to learn bad habits through an unlimited position size in the simulator, including myself. However those habits are very easy to unlearn with a maximum position cap.
In addition it would also be useful for the purpose of restricting position size in times of high volatility.
When implementing please make sure no message pops up that has to be dismissed by the user, just a sound and an information message.
Thank You
Tom