Max weekly loss ?

• 04/23/2018 at 3:45 PM #68996
  Berra

  Hi
  I would like to limited the weekly loss in a strategy. The strategy start on Monday and stop that week if “Max Weekly Loss” occurs and after that start on Monday again.
  Have try with this code but I don’t know if it is correct.

  Max weekly loss?

  ONCE TradeAllowedWeek = 1 MaxWeeklyLoss = 200 IF IntradayBarIndex = 0 THEN TradeAllowedWeek = 1 ENDIF // ----- IF opendayofweek =1 AND intradaybarindex=0 THEN // Monday Result1 = MyProfitFRIDAY - STRATEGYPROFIT If Result1 <= -MaxWeeklyLoss THEN TradeAllowedWeek =0 ENDIF ENDIF iF opendayofweek =2 AND intradaybarindex=0 THEN // Tuesday Result2 = MyProfitFRIDAY - STRATEGYPROFIT If Result2 <= -MaxWeeklyLoss THEN TradeAllowedWeek =0 endif ENDIF if opendayofweek =3 AND intradaybarindex=0 THEN // Wednesday Result3 = MyProfitFRIDAY - STRATEGYPROFIT If Result3 <= -MaxWeeklyLoss THEN TradeAllowedWeek =0 endif ENDIF if opendayofweek =4 AND intradaybarindex=0 THEN //Thursday Result4 = MyProfitFRIDAY - STRATEGYPROFIT If Result4 <= -MaxWeeklyLoss THEN TradeAllowedWeek =0 endif ENDIF IF opendayofweek =5 AND intradaybarindex=0 THEN //Friday MyProfitFRIDAY = STRATEGYPROFIT ENDIF // ----- if TradeAllowedWeek =1 and buyconditions then buy 1 lot at market endif

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  ONCE TradeAllowedWeek = 1 MaxWeeklyLoss  = 200   IF IntradayBarIndex = 0 THEN TradeAllowedWeek = 1         ENDIF     // ----- IF opendayofweek =1 AND intradaybarindex=0 THEN    // Monday Result1 = MyProfitFRIDAY - STRATEGYPROFIT If Result1 <= -MaxWeeklyLoss THEN TradeAllowedWeek =0 ENDIF ENDIF iF opendayofweek =2 AND intradaybarindex=0 THEN    // Tuesday Result2 = MyProfitFRIDAY - STRATEGYPROFIT If Result2 <= -MaxWeeklyLoss THEN TradeAllowedWeek =0 endif ENDIF if opendayofweek =3 AND intradaybarindex=0 THEN    // Wednesday Result3 = MyProfitFRIDAY - STRATEGYPROFIT If Result3 <= -MaxWeeklyLoss THEN TradeAllowedWeek =0 endif ENDIF if opendayofweek =4 AND intradaybarindex=0 THEN    //Thursday Result4 = MyProfitFRIDAY - STRATEGYPROFIT If Result4 <= -MaxWeeklyLoss THEN TradeAllowedWeek =0 endif ENDIF IF opendayofweek =5 AND intradaybarindex=0 THEN    //Friday MyProfitFRIDAY =  STRATEGYPROFIT ENDIF // -----   if TradeAllowedWeek =1 and buyconditions then buy 1 lot at market endif

  

  Berra

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