EdgeWare FastBreak Standard Version 5 - Manual (Page 32)

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prices. Using the 0 delay is an estimation, and it does not change the actual day that
the trades are made.
FastBreak will only support delays of zero or one market day.
Top %
This value determines when to sell a fund or continue to hold. The value input is the per-
cent of all funds available in the trading family that a held fund needs to sustain in order
to continue to be held. For example, assume a trading family containing 28 funds, and
each day all the funds are ranked over some time period. The funds are ranked in order
of strongest to weakest. If Top % is set to 50, then FastBreak will continue to hold the
fund while it is in position 1-14 (Top 50%) in the rank list. If the fund falls in the range
of 15 – 28, it will be sold. If the trading family contains 30 funds, but only 24 are avail-
able early in the testing period, Top% is applied to 24 during that early time period. See
FastBreak Calculation Details chapter for additional information.
# funds
This is simply the number of funds the investor wants to hold at any given time. Adding
additional funds to a strategy usually hurts return performance, but can decrease volatility
and reduce drawdown.
Trading Days
Use this option to determine how often you want your strategy to trade. Selecting Daily,
the most common choice, will allow the strategy to trade on any day. Selecting Weekly
will only allow the strategy to signal trades on Friday close only. Many users like this
option because the weekend is the only time when they have an opportunity to look at
their investments. Any signals given would then be executed on Monday. User Defined
Days allows the user to select any number of calendar days. For example, some users
only like to trade on an infrequent basis because of investment plan restrictions, for ex-
ample. If you are interested in trades taking place only about one per month then use a
value of 30-31 days in this field. Note: This value is input in calendar days and not
market days. Also, this option does not affect the stop loss or signal file trades. A trade
due to a stop loss or signal file trade can be generated on any market day.