Pause system after 2 losses

• 07/12/2021 at 12:07 PM #173502
  ProRealP

  Hello!
  I’m trying to add a parameter that won’t allow my system to continue trading after 2 consecutive losses in the same day, but without quitting the system. I’ve copy pasted from a couple of old threads here, but can’t quite get it to work. This is what I’ve “come up with”

  Once TradeON = 1 If IntraDayBarIndex = 0 then TradeON = 1 Endif if strategyprofit <> strategyprofit[1] then if positionperf(1)<0 then perte=perte+1 else perte=0 endif endif if perte >=2 then TradeON = 0 endif

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  Once TradeON = 1 If IntraDayBarIndex = 0 then TradeON = 1 Endif   if strategyprofit <> strategyprofit[1] then if positionperf(1)<0 then perte=perte+1 else perte=0 endif endif   if perte >=2 then TradeON = 0 endif

  Does anyone know what I’m doing wrong or have any ideas about how to code this?

  

  ProRealP

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  07/12/2021 at 12:35 PM #173504
  Nicolas

  Seems fine to me, TRADEON variable should  be tested before entries:

   

  if buycondition and TRADEON then buy at market endif

  1 2 3

  if buycondition and TRADEON then buy at market endif

  

  Nicolas

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  07/12/2021 at 12:55 PM #173506
  ProRealP

  I’ve added TRADEON to the buy conditions like you show, but it still seems to take more positions then “allowed”. Here is an example, though i reckon it’s not enough to go on. It shouldn’t have taken the position on the 6th at 19.18 with this code, am I right?

  

  ProRealP

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  07/12/2021 at 2:11 PM #173509
  robertogozzi

  You should add this line just after line 3 (before ENDIF):

  perte=0

  1

  perte=0

  but this has nothing to do with your issue.

  It’s a nother issue, since you never reset PERTE at the beginning of a new day, it may happen that you never enter at market again after 2 losses as STERATEGYPROFIT will never change again!

  The question you asked is to stop after 2 LOSSES, not after 2 trades.

   

  

  robertogozzi

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  07/12/2021 at 2:15 PM #173510
  robertogozzi

  Your issue is due to using POSITIONPERF instead of STRATEGYPROFIT.

  Try this code:

  Once TradeON = 1 If IntraDayBarIndex = 0 then TradeON = 1 perte = 0 Endif if strategyprofit < strategyprofit[1] then perte=perte+1 elsif strategyprofit > strategyprofit[1] then perte=0 endif if perte =2 then TradeON = 0 endif

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  Once TradeON = 1 If IntraDayBarIndex = 0 then    TradeON = 1    perte   = 0 Endif if strategyprofit < strategyprofit[1] then    perte=perte+1 elsif strategyprofit > strategyprofit[1] then    perte=0 endif   if perte =2 then    TradeON = 0 endif

  

  robertogozzi

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  07/12/2021 at 2:42 PM #173513
  ProRealP

  I believe I understand the logic of your code. Perte is set to 0 at new day and if two losses are recorded then tradeon=0. Makes sense.

  But it still takes positions after 2 losses. The positions are exactly the same as with the code I first used.

  It’s quite odd because if I change “if perte =2″ then to “if perte =1” it seems to work flawlessly, but then closes after 1 loss..

  

  ProRealP

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  07/12/2021 at 2:49 PM #173515
  ProRealP

  Pauses after 1 loss*

  

  ProRealP

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  07/12/2021 at 3:15 PM #173516
  robertogozzi

  I think yoy haven’t added TradeON to your conditions to enter a position.
  My code works like a charm:

  Once TradeON = 1 If IntraDayBarIndex = 0 then TradeON = 1 perte = 0 Endif if strategyprofit < strategyprofit[1] then perte = perte + 1 elsif strategyprofit > strategyprofit[1] then perte=0 endif if perte = 2 then TradeON = 0 endif IF close CROSSES OVER average[20] and not onmarket and TradeON THEN BUY AT Market ENDIF IF close CROSSES UNDER average[20] and not onmarket and TradeON THEN SELLSHORT AT Market ENDIF SET TARGET pPROFIT 100 SET STOP pLOSS 50 graph perte coloured(255,0,0,255) graph TradeON coloured(0,0,255,255)

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  Once TradeON = 1 If IntraDayBarIndex = 0 then    TradeON = 1    perte   = 0 Endif if strategyprofit < strategyprofit[1] then    perte = perte + 1 elsif strategyprofit > strategyprofit[1] then    perte=0 endif if perte = 2 then    TradeON = 0 endif IF close CROSSES OVER average[20] and not onmarket and TradeON THEN    BUY AT Market ENDIF IF close CROSSES UNDER average[20] and not onmarket and TradeON THEN    SELLSHORT AT Market ENDIF SET TARGET pPROFIT 100 SET STOP   pLOSS   50 graph perte   coloured(255,0,0,255) graph TradeON coloured(0,0,255,255)

  

  robertogozzi

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  07/12/2021 at 3:57 PM #173523
  ProRealP

  I’ve definitely added it, see that portion of my code here.
  As you can see from the other picture it still takes a position after the second loss just before 20.00.
  Shouldn’t it have paused after that loss?

  

  ProRealP

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  07/12/2021 at 4:13 PM #173527
  robertogozzi

  If you write the code AFTER any entry, it will be evaluated correctly the next bar.
  As lines dealing with TradeON and perte affect entries, they should be place BEFORE them.
  Code is read and executed sequentially.

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  Jalinor, ProRealP

  

  robertogozzi

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  07/12/2021 at 4:29 PM #173531
  ProRealP

  I was not aware of that. It’s working perfectly now.

  Thanks!

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  robertogozzi

  

  ProRealP

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