Max Loss per day

djohnson87 · 2019-07-19T07:35:53+00:00

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

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07/19/2019 at 8:35 AM #102882 quote

djohnson87
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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

Legend
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

Legend

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

Legend
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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