Max loss per month

• 08/19/2021 at 4:09 PM #175708
  deletedaccount051022

  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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  @AlgoHunter1

  

  deletedaccount051022

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

  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)

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  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)

   

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  kbot2021, Midlanddave

  

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  08/19/2021 at 6:24 PM #175721
  deletedaccount051022

  Grazie mille!  I am very grateful for your help.

  

  deletedaccount051022

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