strategy.risk.max_position_size() - Pine Script Function

strategy.risk.max_position_size()

Overview

The purpose of this rule is to determine maximum size of a market position. The rule affects the following function: strategy.entry. The ‘entry’ quantity can be reduced (if needed) to such number of contracts/shares/lots/units, so the total position size doesn’t exceed the value specified in ‘strategy.risk.max_position_size’. If minimum possible quantity still violates the rule, the order will not be placed.

Syntax

strategy.risk.max_position_size(contracts) → void

Parameters

Name	Type	Description
contracts	simple int/float	A required parameter. Maximum number of contracts/shares/lots/units in a position.

Examples

Example 1

//@version=6
strategy("risk.max_position_size Demo", default_qty_value = 100)
strategy.risk.max_position_size(10)
if open > close
strategy.entry("buy", strategy.long)
plot(strategy.position_size) // max plot value will be 10