Suggestions

[daytrader]

David, a couple of ideas :

1. Would be great if you could allocate a portion (% ?) of profits to pyramid on future trades instead of all or nothing as is the current option.
ie.. allocate 20% of profits to pyramid.

2. An option to re-adjust position size based on volatility (similar to the current volume adjustment option). Perhaps based on ATR ???

Cheers,

[David Samborsky]

1. Would be great if you could allocate a portion (% ?) of profits to pyramid on future trades instead of all or nothing as is the current option.
ie.. allocate 20% of profits to pyramid.

I'm not quite sure what you mean but the Equal Percent Dollar Units allows you to allocate a fraction of the available trading capital per trade.

2. An option to re-adjust position size based on volatility (similar to the current volume adjustment option). Perhaps based on ATR ???

The Risk based PS models allow you to do this providing that you specify the InitialStop parameter correctly. i.e.,

InitialStop:=EntryPrice-3*ATR(10); etc.

[daytrader]

David, thanks for the quick response.
Just to clarify a bit:

With the pyramid profit option, my understanding is that ALL profits will contribute towards future trades. My ideas is this .... say you make 10k profit on top of your 50k float in year 1 and want to pyramid a % of this profit in year 2 (say 50%). Your total float in year 2 will be 55k (and not 60k ).

I understand the point you make about position size based on volatility.