Max Daily Loss Limit for automating trading

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  • 06/30/2023 at 7:10 PM #217099 quote
    Ringo
    Participant
    Junior

    Hello,

    at the moment I ran 3 stocks in an automatated trading system. So 3 strategies are running at the same time. I like to install a daily loss limit of $300

    Recently I put these lines in the code to not allow to open new trades when the loss limit is reached:

    Once MaxLoss = 300
Once TempProfit = 0
Once TradeON = 1
IF IntraDayBarIndex = 0 Then
TempProfit = STRATEGYPROFIT
TradeON = 1
ENDIF
If TempProfit - STRATEGYPROFIT >= MaxLoss THEN
TradeON = 0
ENDIF

     

    But this only works for each stock. Therfore I am running the system for 3 stocks/3strategies, the system stops for the day when 3x-$300 is reached.

    How can I install a check  before a new trade is openend, regarding the total running profit/Loss for the day for the whole protfolio?

    Any ideas?

     

    Thanks for help

    André

    07/01/2023 at 9:50 AM #217108 quote
    JS
    Participant
    Senior

    Hi @Ringo

    Unfortunately, this is not possible because the different trading systems cannot exchange information…

    Ringo and KumoNoJuzza thanked this post
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Max Daily Loss Limit for automating trading


ProOrder: Automated Strategies & Backtesting

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Ringo @ringo Participant
Summary

This topic contains 1 reply,
has 2 voices, and was last updated by JS
2 years, 7 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 06/30/2023
Status: Active
Attachments: No files
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