Daily loss limit and weekly number of losing trades coding help

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  • 02/21/2025 at 4:45 PM #244172 quote
    tom.clark
    Participant
    New

    I would like to write a piece of code that both limits daily losses to £100 while also capping weekly losses at three trades, at which point the system temporarily stops before resetting and trading the following week. Any help would be greatly appreciated?

    Thankyou

    Tom

    02/23/2025 at 10:17 PM #244253 quote
    robertogozzi
    Moderator
    Master

    There you go:

    ONCE DayGain    = 0
ONCE WeekGain   = 0
ONCE DayON      = 1
ONCE WeekON     = 1
ONCE WeekLosses = 0
IF (StrategyProfit - DayGain) <= -100 THEN
   DayON      = 0
   DayGain    = StrategyProfit
   WeekLosses = WeekLosses + 1
   IF WeekLosses = 3 THEN
      WeekON = 0
   ENDIF
ENDIF
IF OpenDay <> OpenDay[1] THEN
   DayGain = StrategyProfit
   DayON   = 1
ENDIF
IF OpenDayOfWeek < DayOfWeek[1] THEN
   WeekON     = 1
   WeekLosses = 0
ENDIF
Sma = average[20,0](close)
IF DayON AND WeekON AND Not OnMarket THEN
   IF close CROSSES OVER Sma THEN
      BUY 1 CONTRACT AT MARKET
   ELSIF close CROSSES UNDER Sma THEN
      SELLSHORT 1 CONTRACT AT MARKET
   ENDIF
   SET STOP   %LOSS   0.2
   SET TARGET %PROFIT 0.5
ENDIF
//graph DayON  coloured("Red")
//graph WeekON coloured("Blue")
//graph WeekLosses
//graph StrategyProfit
    Iván González and tom.clark thanked this post
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Daily loss limit and weekly number of losing trades coding help


ProOrder: Automated Strategies & Backtesting

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tom.clark @tom-clark Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
11 months, 4 weeks ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 02/21/2025
Status: Active
Attachments: No files
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