Strategy pauses for a day on losses

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

  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?

  

  phoentzs

  Participant

  Topics: 84

  Replies: 915

  Been thanked: 169 times
  03/06/2022 at 9:14 AM #189432
  Mauro T. “Algorithm System”

  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

  1 2 3 4 5 6 7 8 9 10

  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.

   

  

  Mauro T. “Algorithm System”

  Participant

  Topics: 18

  Replies: 302

  Been thanked: 75 times
  03/06/2022 at 11:42 AM #189440
  phoentzs

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

  

  phoentzs

  Participant

  Topics: 84

  Replies: 915

  Been thanked: 169 times
  03/06/2022 at 11:58 AM #189442
  Mauro T. “Algorithm System”

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

  IF not longonmarket AND StopDay =1   and Conditions THEN

  hello

  Mauro T.

  

  Mauro T. “Algorithm System”

  Participant

  Topics: 18

  Replies: 302

  Been thanked: 75 times
  03/06/2022 at 1:12 PM #189444
  deletedaccount051022

  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;

  https://www.prorealcode.com/topic/max-loss-per-month/

  1 user thanked author for this post.

  robertogozzi

  

  deletedaccount051022

  Participant

  Topics: 26

  Replies: 139

  Been thanked: 97 times
• Author
  Posts