help with daily stop!

• 01/15/2020 at 10:44 PM #116935
  Makkman

  cant get the maxdailystop to work please help

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated maxdailyprofit=20000 maxdailyloss=2 once tradeallowed=1 if intradaybarindex=0 then myprofit=strategyprofit tradeallowed=1 endif if strategyprofit>=myprofit+maxdailyprofit or strategyprofit<=myprofit-maxdailyloss then TradeAllowed=0 endif // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 153000 timeEnterBefore = time >= noEntryBeforeTime // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 220000 timeEnterAfter = time < noEntryAfterTime // Conditions to enter long positions indicator1 = RSI[2](close) indicator2 = RSI[2](close)+15 c1 = (indicator1 >= indicator2[1]) c2 = (indicator1 > 60) IF tradeallowed=1 and c1 and c2 and timeenterbefore and timeenterafter THEN BUY 0.2 CONTRACT AT MARKET ENDIF // Conditions to enter short positions indicator3 = RSI[2](close) indicator4 = RSI[2](close)-15 c3 = (indicator3 <= indicator4[1]) c4 = (indicator3 < 40) IF tradeallowed=1 and c3 and c4 and timeenterbefore and timeenterafter THEN SELLSHORT 0.2 CONTRACT AT MARKET ENDIF SET STOP TRAILING 6

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   maxdailyprofit=20000 maxdailyloss=2   once tradeallowed=1   if intradaybarindex=0 then myprofit=strategyprofit tradeallowed=1 endif   if strategyprofit>=myprofit+maxdailyprofit or strategyprofit<=myprofit-maxdailyloss then TradeAllowed=0 endif   // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 153000 timeEnterBefore = time >= noEntryBeforeTime   // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 220000 timeEnterAfter = time < noEntryAfterTime   // Conditions to enter long positions indicator1 = RSI[2](close) indicator2 = RSI[2](close)+15 c1 = (indicator1 >= indicator2[1]) c2 = (indicator1 > 60) IF tradeallowed=1 and c1 and c2 and timeenterbefore and timeenterafter THEN BUY 0.2 CONTRACT AT MARKET ENDIF   // Conditions to enter short positions indicator3 = RSI[2](close) indicator4 = RSI[2](close)-15 c3 = (indicator3 <= indicator4[1]) c4 = (indicator3 < 40) IF tradeallowed=1 and c3 and c4 and timeenterbefore and timeenterafter THEN SELLSHORT 0.2 CONTRACT AT MARKET ENDIF SET STOP TRAILING 6

   

  

  Makkman

  Participant

  Topics: 2

  Replies: 0

  Been thanked: 0 times
  01/15/2020 at 11:27 PM #116938
  Vonasi

  Makkman – Welcome to the forums. I have moved your post as it was posted in the ProBuilder forum which is for indicator topics. The ProOrder forum is the place for strategy topics. Please try to post in the correct forum with future topics.

  Thank you for using the ‘Insert PRT Code’ button when posting code but please try not to include your comments within the code. I have edited your post to separate them from the code.

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1812 times
  01/15/2020 at 11:36 PM #116940
  Vonasi

  In what way does it not work?

  20000 is quite a large profit to expect in a day before not allowing any more trades to open – what instrument are you testing on?

   

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1812 times
• Author
  Posts