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Category
Strategy Elements
Description
Specifies the number of shares or contracts to buy or sell short when opening a new position
Input
Any formula specifying a number of shares or contracts, or a position value, or an allocation percentage
Notes
The Quantity formula specifies the position size to use each trade in a strategy.
Quantity is calculated at setup selection time using the same current bar context as EntrySetup.
If there is no Quantity formula then a strategy will always invest 100% of current Allocation in each position.
If Quantity returns 0 then the entry is skipped and "zero quantity" is displayed as the skip reason.
Quantity can optionally be used to specify the Side (long vs. short) of a trade in a strategy that can go either way, such as a hedging strategy.
If Side is specified for a strategy, then the strategy always trades that side only and Quantity should always be expressed as a positive number.
If Side is not specified, then Quantity should return a positive number to enter a long position or a negative number to enter a short position.
See QtyType for important information about how Quantity is interpreted.
See Asset Allocation and Position Sizing for additional information.
See DynamicSizing for information how Quantity can be used differently in this special alternative strategy mode.
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