Skripte: Bracket Order with Correlation Adjusted Position Size
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Bracket Order with Correlation Adjusted Position Size:
The scripts in this package are made for easy-to-use bracketorder execution, that automatically calculates lotsize depending on the risk you want to take. In addition to that it calculates the correlation coefficient to all other open positions in other symbols and adjusts the position size by a well tested formula. It will also consider if you have full position size or not. In order to memorize the initial stoploss, it will save the initial stop loss in the order comment. If there's orders opened without the script it will take the average of all stoplosses and entryprices, weighted to lotsize.
Autor: Niclas Hummel