Max Daily Loss Limit for automating trading

Ringo · 2023-06-30T18:10:32+00:00

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

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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

Master

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

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This topic contains 1 reply,
has 2 voices, and was last updated by JS
3 years, 3 months ago.

Topic Details

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