Max loss per month

deletedaccount051022 · 2021-08-19T15:09:31+00:00

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

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

deletedaccount051022
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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

Legend
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
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New

Grazie mille! I am very grateful for your help.
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