Position Sizing According to Last Ask Price

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Zahi Khamis
9
Zahi Khamis  

Hi, 

Im trying to set Position Sizing to be according to the asset last ask price

for example if i set the value $1000 and the ask price is $100 then the position size must be 10.

can anyone help with this ? 


thanks

Keith Watford
Moderator
15013
Keith Watford  
Zahi Khamis:

Hi, 

Im trying to set Position Sizing to be according to the asset last ask price

for example if i set the value $1000 and the ask price is $100 then the position size must be 10.

can anyone help with this ? 

I cannot see any valid and logical reason to base a position size for an instrument on the ask price.

Please correct me if I am wrong.

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