Modify Committee Member Dialog

The Modify Committee Member Dialog allows you to modify the settings associated with one or more committee members. Typically, this is the number of votes associated with the selected members. For signals, it can also include the type of processing associated with held signals.

Modifying Committee Members

To modify a committee member, simply adjust the number of votes. If all of the selected committee members are signals with the same processing, you can also adjust the signal processing.

¨    Number of Votes

This value indicates the number of votes that a field should receive in the committee. Giving a field multiple votes has the same effect as adding the field multiple times.

Ä    Note: If you add the same field multiple times, the number of new votes will be added to the current number of votes for the existing entry.

¨    Signal

These settings indicate the value that a committee member which is a signal field will vote when it has a holding signal. A holding signal is signal that would not cause a change in position. For example, if the last signal was an enter long, it could be held until an enter short signal or an exit long signal is encountered. This allows you to combine systems that generate brief entry or exit signals with long hold periods.

The following types of processing are available for signals.

·      No Hold Processing

This setting votes with the actual value of the signal, unmodified.

·      Hold Signal Value

This setting votes with the last non-holding signal, unmodified.

:    Example: If the last entry signal was an enter long (100%), and no exit longs have occurred since then, then the vote will be for enter long (100%).

·      Hold % of Value

This setting votes with the specified percentage of the last non-holding signal.

:    Example: If the last entry signal was an enter long (100%), and no exit longs have occurred since then, then the vote will be for the specified percentage of the signal. In this case, if the percentage was 75%, the vote would be for 75% of 100%, or 75%.

·      Decay Value by %

This setting votes with the last non-holding signal, decayed by the specified percentage each sample. This is useful for voting with infrequent signals that may only be relevant for a few days after occurring.

:    Example: If the last entry signal was an enter long (100%), and no exit longs have occurred since then, then the vote will be that signal, decayed. With a 5% decay, the day after the signal would vote 95%, then 90.25% on the next day, then 85.74%, continuing until a new non-holding signal was reached.

What Do I Do Next?

When you are done modifying the selected committee members, press the OK button. If you would prefer to exit this dialog without making modifications, press the Cancel button.

How Did I Get Here?

The Modify Committee Member Dialog appears when you press the Modify Number of Votes button on the Create a Committee Wizard: Select Fields page or the Modify Field Dialog: Committee Fields page.