Strategy pauses for a day on losses

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  • 03/05/2022 at 10:10 PM #189424 quote
    phoentzs
    Participant
    Master

    I saw a code somewhere here… and unfortunately I can’t find it anymore. It’s about the following: If my strategy makes a loss of, say, 1% during the day, the strategy should stop working for that day and only start working again the next day. Optionally, the strategy should pause for that day if it has a following number of losing trades. Both individually or combined. Can someone help me please?

    03/06/2022 at 9:14 AM #189432 quote
    Mauro T. “Algorithm System”
    Participant
    Master

    Hi Phoentzs
    You can use this, but keep in mind that it works like everything at close, so if by any chance you have a loss of 0.95% it does not freeze, but make another trade and if the next one loses 2% on the day you have lost 2.90%.

    DailyLoss=1
once StopDay=1
If intradaybarindex=0 then
ProfitDay=STRATEGYPROFIT
StopDay=1
endif
If StrategyProfit<=ProfitDay-DailyLoss*(close/100) then
StopDay=0
endif
IF not longonmarket AND StopDay =1   and Conditions THEN

    Ciao

    Mauro T.

    03/06/2022 at 11:42 AM #189440 quote
    phoentzs
    Participant
    Master

    Thanks Mauro Can I just put the code in front of the strategy code, i.e. at the beginning?

    03/06/2022 at 11:58 AM #189442 quote
    Mauro T. “Algorithm System”
    Participant
    Master

    I normally put it on my terms ….. above here.

    IF not longonmarket AND StopDay =1   and Conditions THEN

    hello

    Mauro T.

    03/06/2022 at 1:12 PM #189444 quote
    deletedaccount051022
    Participant
    New

    Hi phoentzs

    Here is a version which robertogozzi kindly wrote which works on a monthly basis, and can be adapted to run on a daily basis.  It currently runs on notional value of loss;

    Max loss per month

    robertogozzi thanked this post
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Strategy pauses for a day on losses


ProOrder: Automated Strategies & Backtesting

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phoentzs @phoentzs Participant
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This topic contains 4 replies,
has 3 voices, and was last updated by deletedaccount051022
3 years, 11 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 03/05/2022
Status: Active
Attachments: No files
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