Set max daily loss and dynamic position size

Nickodemus · Tue, 11 Apr 2023 11:53:28 +0000

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

This topic has 1 reply, 1 voice, and was last updated 1 year ago by Nickodemus.

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04/11/2023 at 12:53 PM #213104

Nickodemus

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

Nickodemus
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04/11/2023 at 2:53 PM #213110

Nickodemus

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

https://www.prorealcode.com/topic/position-sizing-function-not-working-properly/

Nickodemus
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