Take profit rule

Manage
1

Hi Everyone,

How do you express a take profit rule such as get out if you are up +20%?

Also, in the simulator, how to do you express a time stop, such as if you have been in the trade for 4 days, then get out, I guess we need to use daily rebalance for this right?

Thanks,
Javier

2

You can only take profits in the portfolio or simulator; the screener doesn’t keep track of positions in the same way. That rule would be:

GainPct>20

GainPct is in percentage points.

Because the 4 is less than a week, you’ll need to do a daily rebalance, yes. That rule is:

NoBars>=4

I don’t think the greater-than sign is necessary because you’ll be rebalancing daily, but that’s the more general form.

3

BTW Paul,

I think the highest NoBar was about 500, so you could not go beyond that, is there a way to say, buy a company and hold it for 5 years for example?

Thanks,
Javier