Max loss per month

Viewing 3 posts - 1 through 3 (of 3 total)

Author

Posts
08/19/2021 at 4:09 PM #175708 quote

deletedaccount051022
Participant

New

Hi,

Is there any way to limit the max loss per month? For example, when backtesting I’d like a strategy to stop trading for the month if losses reach a certain level, then resume at the start of the following month.

Is this something that can be managed within the code?

Thank you very much

S

@AlgoHunter1 thanked this post

08/19/2021 at 4:40 PM #175718 quote
robertogozzi
Moderator

Master
There you go:
```
ONCE MyProfit = 0
ONCE TradeON  = 1
IF Month <> Month[1] THEN
   MyProfit = STRATEGYPROFIT //store profits/losses at the beginning of each month
   TradeON  = 1              //enable trading each new month
ENDIF
IF (STRATEGYPROFIT - MyProfit) < -200 THEN  //disable trading when losing > 200 currency units
   TradeON = 0
ENDIF
MyLongConditions = close CROSSES OVER average[10,0](close)
IF MyLongConditions AND TradeON THEN
   BUY 1 Contract at Market
   SET TARGET pPROFIT 500
   SET STOP   pLOSS   100
ENDIF
//graph strategyprofit
//graph MyProfit
//graph TradeON coloured(255,0,0,255)
```
Midlanddave and kbot2021 thanked this post
08/19/2021 at 6:24 PM #175721 quote

deletedaccount051022
Participant

New

Grazie mille! I am very grateful for your help.
Author

Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.

Login your account

Max loss per month

ProOrder: Automated Strategies & Backtesting

New Reply

Author

deletedaccount051022 @deletedaccount051022 Participant

Summary

This topic contains 2 replies,
has 2 voices, and was last updated by deletedaccount051022
4 years, 6 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	08/19/2021
Status:	Active
Attachments:	No files

Loading...