Strategy pauses for a day on losses

phoentzs · 2022-03-05T21:10:27+00:00

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?

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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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This topic contains 4 replies,
has 3 voices, and was last updated by deletedaccount051022
4 years, 7 months ago.

Topic Details

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