Help about stop trading strategy

• 03/20/2023 at 12:49 AM #211754
  Amer

  Hello!

  Is it possible to program the strategy to turn off after two losses. So if there are two losses regardless of time or if these are consecutive, the strategy is closed for that particular day.

  Or if the loss is a certain amount, let’s say 50 dollars, the strategy is turned off for that particular day.
  Thanks in advance and best regards!

  

  Amer

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  03/20/2023 at 5:15 AM #211755
  robertogozzi

  My code will use the variable TradeON to flag periods when the strategy is freezed. Each new day trading is restored to full functionality:

  MaxLosses = 2 //after 2 losses stop trading MaxLoss = 50 //after 50 € loss stop trading Once TradeON = 1 Once MyProfit = 0 If IntraDayBarIndex = 0 then TradeON = 1 Tally = 0 MyProfit = StrategyProfit Endif If StrategyProfit < StrategyProfit[1] then Tally = Tally + 1 If Tally = MaxLosses then TradeON = 0 Endif Endif If (MyProfit - StrategyProfit) >= MaxLoss then TradeON = 0 Endif If MyLongConditions and TradeuON then BUY 1 Contract at Market Endif If MyShortConditions and TradeON then SELLSHORT 1 Contract at Market Endif

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  MaxLosses = 2  //after 2 losses stop trading MaxLoss   = 50  //after 50 € loss stop trading Once TradeON = 1 Once MyProfit = 0 If IntraDayBarIndex = 0 then    TradeON = 1    Tally = 0    MyProfit = StrategyProfit Endif If StrategyProfit < StrategyProfit[1] then    Tally = Tally + 1    If Tally = MaxLosses then       TradeON = 0    Endif Endif If (MyProfit - StrategyProfit) >= MaxLoss then    TradeON = 0 Endif If MyLongConditions and TradeuON then    BUY 1 Contract at Market Endif If MyShortConditions and TradeON then    SELLSHORT 1 Contract at Market Endif

   

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  Midlanddave

  

  robertogozzi

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  03/20/2023 at 1:40 PM #211793
  GraHal

  Link to above code saved as Log 359 here …

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  robertogozzi

  

  GraHal

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  03/20/2023 at 8:19 PM #211842
  Amer

  Thank you so much!

  

  Amer

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  03/20/2023 at 8:19 PM #211843
  Amer

  Thanks guys!

  

  Amer

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