Max Loss per day

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  • 07/19/2019 at 8:35 AM #102882 quote
    djohnson87
    Participant
    New

    Hi guys

    Is it possible to code a “max loss per day” into the system? Essentially adding a dollar amount loss which if hit within a period of time will stop the system trading and push into “not running”.

     

    Thanks

    07/19/2019 at 8:47 AM #102884 quote
    robertogozzi
    Moderator
    Master

    There you go, you’ll have to:

    • add TradeON to your conditions to enter a trade
    • set TradeON back to 1 to reenable trading whenever you want
    ONCE MaxLoss = 500
ONCE TradeON = 1
IF STRATEGYPROFIT <= MaxLoss THEN
   TradeON = 0
ENDIF
    07/19/2019 at 8:50 AM #102885 quote
    djohnson87
    Participant
    New

    Thanks Roberto

    Bit new to this so when you say “add TradeON to your conditions to enter a trade” – is this a build in function or will this form part of the code?

    robertogozzi thanked this post
    07/19/2019 at 8:52 AM #102886 quote
    Nicolas
    Keymaster
    Master

    A good code snippet for the daily maximum loss can be found here:

    https://www.prorealcode.com/blog/learning/max-profit-loss-day-trading-strategy/

    07/19/2019 at 9:09 AM #102889 quote
    robertogozzi
    Moderator
    Master
    djohnson87 wrote:

    Thanks Roberto

    Bit new to this so when you say “add TradeON to your conditions to enter a trade” – is this a build in function or will this form part of the code?

    You have to merge my code into yours, then us TradeON, alcong with your conditions, to enter a trade, i.e.:

    IF MyConditions AND TradeON THEN
   BUY/SELLSHORT .....
ENDIF
    07/20/2019 at 2:37 AM #102991 quote
    djohnson87
    Participant
    New

    Thanks heaps Nicolas thats exactly what I needed

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Max Loss per day


ProOrder: Automated Strategies & Backtesting

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djohnson87 @djohnson87 Participant
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This topic contains 5 replies,
has 3 voices, and was last updated by djohnson87
6 years, 7 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 07/19/2019
Status: Active
Attachments: No files
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