Set max daily loss and dynamic position size

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    NickodemusNickodemus
    Participant
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    Hi,

    (I’m very new to ProOrder…)

    Is there a way to set a max daily loss in automated trading with PRT ProOrder?  i.e. Automate the strategy, but pause it for the day if cumulative daily losses hit % of available equity within the defined trading session times.

    Also, struggling to work out how to set a position size based on % of available equity? i.e. therefore allowing the system to automate position sizing based on a risk tolerance of X% of available equity.

    Any help would be greatly appreciated.

    Many thanks

    #213110 quote
    NickodemusNickodemus
    Participant
    New

    Ignore me… just found this post, which is going to be very useful:

    Position sizing function not working properly

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Set max daily loss and dynamic position size


ProOrder: Automated Strategies & Backtesting

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Nickodemus @nickodemus Participant
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This topic contains 1 reply,
has 1 voice, and was last updated by NickodemusNickodemus
3 years, 5 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 04/11/2023
Status: Active
Attachments: No files
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