budget & Timeframe for autom. strategy

Leon · 2016-08-09T17:40:23+00:00

Hello, i don’t want the system to hold positions over night and i found this code: DEFPARAM FlatAfter = HHMMSS for exammple: DEFPARAM FlatAfter = 200000 but how to make sure that it will start again tomorrow morning at 08:00 o clock? Another point i am thinking of: Is there a possibility to code that the system shall just trade till max. 1,000.00€ lost under start budget ? I want to make sure that it wont use all of the money that is available. Appreciate every help here! Best Regards Leon

Viewing 9 posts - 1 through 9 (of 9 total)

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08/09/2016 at 6:40 PM #11417 quote

Leon
Participant

Junior

Hello, i don’t want the system to hold positions over night and i found this code:
DEFPARAM FlatAfter = HHMMSS

for exammple:

DEFPARAM FlatAfter = 200000
but how to make sure that it will start again tomorrow morning at 08:00 o clock? Another point i am thinking of: Is there a possibility to code that the system shall just trade till max. 1,000.00€ lost under start budget ? I want to make sure that it wont use all of the money that is available. Appreciate every help here! Best Regards Leon

08/09/2016 at 6:58 PM #11443 quote

absent1980
Participant

Average

Use flatbefore and flatafter. It will only trade between those hours. Regarding your second question, I’m not sure what you mean? Is it stop loss you are talking about? If yes then: Set stop $loss 1000 Hope it helps.

08/09/2016 at 7:16 PM #11444 quote

Leon
Participant

Junior

Hi, thanks for the respond! I will handle the trimeframe as you said. To specify my second question: I mean if my trading account is about 10,000.00 €. And i want to limit the strategy to, in case all goes wrong, stop render after using max 1,000.00€ from the account. Is there a way to code that?

08/09/2016 at 8:44 PM #11459 quote

Yannick
Participant

Veteran

Hi You can use the test If strategyprofit<-1000 then notrade=1 Endif Regards

08/09/2016 at 8:48 PM #11460 quote

Leon
Participant

Junior

Thanks Yannick!

08/22/2016 at 1:22 PM #12037 quote

Leon
Participant

Junior

Hi, i tried it but “If strategyprofit<-1000 then notrade=1” is not working. Im getting Syntax Error. Any ideas how to limit profitloss of a system to -1.000.00 €? Regards Leon

08/22/2016 at 2:42 PM #12043 quote
Nicolas
Keymaster

Legend
Hi Leon, You can use STRATEGYPROFIT and test if it returns a value below your allowed loss limit:
```
if STRATEGYPROFIT <-1000 then 
 notrade = 1
else
 notrade = 0
endif

if notrade=0 and BUYcondition then 
 BUY 1 CONTRACT AT MARKET 
endif 
```
08/22/2016 at 6:24 PM #12066 quote
David
Participant

Veteran
Why wouldn’t use the programmed Quit function instead?
```
if STRATEGYPROFIT <-1000 then 
 QUIT
endif
```
08/22/2016 at 6:47 PM #12067 quote

Leon
Participant

Junior

Thanks for your quick answer – will try both 😉 Regards Leon
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