AdjustPositionOnClose

Increases or decreases an existing position by the specified factor as of the close.

For instance:

broker.AdjustPositionOnClose( 1.4 )

would increase a position by 40%, while

broker.AdjustPositionOnClose( .8 )

would decrease the position by 20%.

Increasing a position size will result in adding units since the contract/share additions will have a different entry date than any of the existing units. Decreasing a position size will remove contracts/shares starting with the last unit on, and working back to the first if necessary.

This function is generally used by a Risk Manager Block to lighten a position to meet certain risk restrictions.

Syntax

AdjustPositionOnClose( adjustmentFactor )

Parameters

Example

' Reduce the position size by our computed adjustment.

broker.AdjustPositionOnClose( riskAdjustment )