Quantity calculation method

The Quantity calculation method field allows you to control how the quantity of your entries is calculated. You can control this functionality from your webhook as well by sending a value in the quantityType and quantity parameters. This will override any quantity settings in your strategy. The allowed values in the quantityType field are:

• fixed_quantity
• amount_per_position
• risk_per_position
• percent_of_equity
• percent_of_position

Fixed Quantity

Always buy 100 shares of AAPL.

{
    "ticker": "AAPL",
    "action": "buy",
    "quantityType": "fixed_quantity",
    "quantity": 100
}

Amount Per Position

Buy $1000 worth of AAPL shares. If the price of AAPL is $100, the quantity will be 10.

{
    "ticker": "AAPL",
    "action": "buy",
    "quantityType": "amount_per_position",
    "quantity": 1000
}

Risk Per Position

Buy a quantity of shares that will risk at most $100 in the position. If the price of AAPL is $100 and the stop loss price is $90, the quantity will be 10. If your stop loss is hit, you will lose $100.

{
    "ticker": "AAPL",
    "action": "buy",
    "quantityType": "risk_per_position",
    "quantity": 100,
    "stopLoss": {
        "stopPrice": 90
    }
}

Percent of Equity

Buy 10% of your equity worth of AAPL shares. If you have a $10000 account and the current price of AAPL is $100, the quantity will be calculated as 10.

{
    "ticker": "AAPL",
    "action": "buy",
    "quantityType": "percent_of_equity",
    "quantity": 10
}

Percent of Position

Sell 10% of your position in AAPL. If you have 100 shares of AAPL, the quantity will be calculated as 50.

{
    "ticker": "AAPL",
    "action": "sell",
    "quantityType": "percent_of_position",
    "quantity": 50
}