Daily strategy profit

• 11/09/2017 at 11:27 AM #52089
  Juan Salas

  Hi colleagues,

  Is there any way to measure the daily strategy profit of one code?? I would like to limit the daily operations to a certain strategy profit per day.

  I thought that including a daily reseting paragraph would do it:

  // STRATEGYPROFIT per day. It resets the variable each new day IF INTRADAYBARINDEX = 0 THEN stratprofit = 0 ENDIF

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  // STRATEGYPROFIT per day. It resets the variable each new day IF INTRADAYBARINDEX = 0 THEN stratprofit = 0 ENDIF

  Is that even possible?? Any coding suggestions or links will be welcome

  Thanks in advance

  Juan

   

  

  Juan Salas

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  11/09/2017 at 11:33 AM #52093
  robertogozzi

  I would suggest:

  // STRATEGYPROFIT per day. It resets the variable each new day IF INTRADAYBARINDEX = 0 THEN stratprofit = STRATEGYPROFIT //save the previous day Profit ENDIF IF (STRATEGYPROFIT - stratprofit) >= .... THEN //This will tell you current day's profit/loss . . . ENDIF

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  // STRATEGYPROFIT per day. It resets the variable each new day IF INTRADAYBARINDEX = 0 THEN    stratprofit = STRATEGYPROFIT  //save the previous day Profit ENDIF IF (STRATEGYPROFIT - stratprofit) >= .... THEN  //This will tell you current day's profit/loss    .    .    . ENDIF

   

  

  robertogozzi

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  11/09/2017 at 11:37 AM #52094
  Juan Salas

  Hi Roberto,

  It seems a very good solution. Many thanks for your help and your prompt response.

  Juan

  

  Juan Salas

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  11/09/2017 at 8:43 PM #52174
  Juan Salas

  Hi Roberto,

  This is part of the code where I have translated the info you gave me. I want to trade daily until either I get the daily profit of 20 pips or daily loss of 20 pips. After one of these two are achieved, I would like to stop operations until next day. DEFPARAM Flatbefore and Flatafter are set for 060000 and 200000.

  I don’t know if you can measure strategy profit in pips or have to due in currency.

  Thanks again,

  // ONE TRADE PER DAY. It resets the variable each new day IF INTRADAYBARINDEX = 0 THEN nomoretrade = 0 ENDIF // STRATEGYPROFIT per day. It resets the variable each new day IF INTRADAYBARINDEX = 0 THEN stratprofit = STRATEGYPROFIT //save the previous day Profit ENDIF // LONG Positions-Opening // Alcistas IF NOT LONGONMARKET AND cambiotendenciaalza AND nomoretrade = 0 THEN BUY positionsize CONTRACT AT MARKET SET TARGET pPROFIT profit3 ENDIF // SHORT Positions-Opening // Bajistas IF NOT SHORTONMARKET AND vela10bajista AND nomoretrade = 0 THEN SELLSHORT positionsize CONTRACT AT MARKET SET TARGET pPROFIT profit1 ENDIF // Finishing DAILY operations when reaching target profit/loss IF (STRATEGYPROFIT-stratprofit)>=20*pipsize THEN //current day's profit SELL AT MARKET EXITSHORT AT MARKET nomoretrade = 1 ENDIF IF (STRATEGYPROFIT-stratprofit)<=-20*pipsize THEN //current day's loss SELL AT MARKET EXITSHORT AT MARKET nomoretrade = 1 ENDIF

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  // ONE TRADE PER DAY. It resets the variable each new day IF INTRADAYBARINDEX = 0 THEN nomoretrade = 0 ENDIF   // STRATEGYPROFIT per day. It resets the variable each new day IF INTRADAYBARINDEX = 0 THEN stratprofit = STRATEGYPROFIT //save the previous day Profit ENDIF     // LONG Positions-Opening // Alcistas IF NOT LONGONMARKET AND cambiotendenciaalza AND nomoretrade = 0 THEN BUY positionsize CONTRACT AT MARKET SET TARGET pPROFIT profit3 ENDIF   // SHORT Positions-Opening // Bajistas IF NOT SHORTONMARKET AND vela10bajista AND nomoretrade = 0 THEN SELLSHORT positionsize CONTRACT AT MARKET SET TARGET pPROFIT profit1 ENDIF   // Finishing DAILY operations when reaching target profit/loss IF (STRATEGYPROFIT-stratprofit)>=20*pipsize THEN //current day's profit SELL AT MARKET EXITSHORT AT MARKET nomoretrade = 1 ENDIF   IF (STRATEGYPROFIT-stratprofit)<=-20*pipsize THEN //current day's loss SELL AT MARKET EXITSHORT AT MARKET nomoretrade = 1 ENDIF

   

  

  Juan Salas

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  11/09/2017 at 10:43 PM #52180
  robertogozzi

  STRATEGYPROFIT only deals with money (https://www.prorealcode.com/topic/strategyprofit/#post-51298).

  I think lines 27 and 33 are wrong, since the expression

  20*pipsize

  1	20*pipsize

  will convert Pips to price, i.e. DAX will be converted to 20 (unchanged due to the fact that Dax is over 10000 and has no decimal digits), EurUsd to 0.0020. Both of them have nothing to do with profit/loss.

  With DAX it’s pretty easy to convert Euros into Pips, since each Pip is 25 euros (or 1 for mini contracts), so if you have Euro 750 profit it equals 30 pips. AS for currency pairs and other instruments it could not be as straightforward!

  I have no knowledge of a way to work it out easily.

   

  

  robertogozzi

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  11/09/2017 at 11:01 PM #52184
  Juan Salas

  Hi Roberto,

  Thanks. I got it. I like to monitor and control daily results and this piece of code is going to be very useful for my future coding.

  Grazie mille,

  Juan

   

  

  Juan Salas

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