Position Exit Manager
(Professional Software Solutions)
The "Position Exit Manager (PEM)" tool is integrated
and contained within
PEM allows you to easily detect the optimal exit logic of your trading strategy for a given set of positions/permutation.
It can detect the optimal exit logic variation, at a lighting speed of 100,000 variations per second, which could take days in Tradestation.
The " Position Exit Manager (PEM)" allows you to "plug in" any combination of different exit logic elements,
like target, stops, breakeven etc. - all details defined in the small definition file.
Below is an example showing how PEM can maintain several parallel exit "envelopes", to protect your positions and profits:
Position Exit Manager (PEM) Definition File
The details of your exit logic definition are stored on a plain text file (C:\BTWFMgr\*.pemdef).
To detect the optimal exit logic, you can specify value ranges in each exit element, to test which value works best.
Here is a simple example, how to test various target exits:
This will vary the Target between 10 and 30 in steps of 5, testing targets of 10,15,20,25,30.
Instead of the the number of ticks you can also define a dollar amount (default) for the following logic elements:
Target:$100>$300/50 - this will vary the Target between $100 and $300 in steps of $50, testing targets of $100,$1560,$200,$250,$300
(using the dollar amount per tick for conversion)
Target:T10>T30/5 - this will vary the Target between 10 and 30 in steps of 5, testing targets of 10,15,20,25,30.
Position Exit Manager (PEM) Exit Element Details
The various exit logic elements can be combined in any combination,
easily providing complex exit logic permutations, protecting your profits and positions at the optimum.
Below is a detailed list of all the exit logic elements/functions currently available in PEM.
Unless otherwise specified, all values are specified in tick units;
the smallest trading unit/increment, ES=0.25, ER2=0.1, Stocks=0.01, FOREX=pips/0.0001 etc.
(In the examples below - one vertical line represents 8 ticks)
|Two Target basic exit function are available:
|Three StopOut basic exit function are available:
|The following other exit function are available: