budget & Timeframe for autom. strategy

• 08/09/2016 at 6:40 PM #11417
  Leon

  Hello,

  i don’t want the system to hold positions over night and i found this code:

  DEFPARAM FlatAfter = HHMMSS

  for exammple:

  DEFPARAM FlatAfter = 200000

  but how to make sure that it will start again tomorrow morning at 08:00 o clock?

   

  Another point i am thinking of:

  Is there a possibility to code that the system shall just trade till max. 1,000.00€ lost under start budget ?

  I want to make sure that it wont use all of the money that is available.

   

  Appreciate every help here!

  Best Regards

  Leon

  

  Leon

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  08/09/2016 at 6:58 PM #11443
  absent1980

  Use flatbefore and flatafter. It will only trade between those hours. Regarding your second question, I’m not sure what you mean? Is it stop loss you are talking about? If yes then: Set stop $loss 1000

  Hope it helps.

  

  absent1980

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  08/09/2016 at 7:16 PM #11444
  Leon

  Hi,

  thanks for the respond! I will handle the trimeframe as you said.

   

  To specify my second question:

  I mean if my trading account is about 10,000.00 €. And i want to limit the strategy to, in case all goes wrong, stop render after using max 1,000.00€ from the account.

  Is there a way to code that?

   

  

  Leon

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  08/09/2016 at 8:44 PM #11459
  Yannick

  Hi

  You can use the test

  If strategyprofit<-1000 then notrade=1

  Endif

  Regards

   

  

  Yannick

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  08/09/2016 at 8:48 PM #11460
  Leon

  Thanks Yannick!

  

  Leon

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  08/22/2016 at 1:22 PM #12037
  Leon

  Hi,

  i tried it but

  “If strategyprofit<-1000 then notrade=1”

  is not working.

  Im getting Syntax Error.

  Any ideas how to limit profitloss of a system to -1.000.00 €?

   

  Regards

  Leon

  

  Leon

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  08/22/2016 at 2:42 PM #12043
  Nicolas

  Hi Leon,

  You can use STRATEGYPROFIT and test if it returns a value below your allowed loss limit:

  if STRATEGYPROFIT <-1000 then notrade = 1 else notrade = 0 endif if notrade=0 and BUYcondition then BUY 1 CONTRACT AT MARKET endif

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  if STRATEGYPROFIT <-1000 then notrade = 1 else notrade = 0 endif   if notrade=0 and BUYcondition then BUY 1 CONTRACT AT MARKET endif

   

  

  Nicolas

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  08/22/2016 at 6:24 PM #12066
  David

  Why wouldn’t use the programmed Quit function instead?

  <span class="token keyword">if</span> <span class="token keyword">STRATEGYPROFIT</span> <span class="token operator"><</span><span class="token operator">-</span><span class="token number">1000</span> <span class="token keyword">then</span> QUIT endif

  1 2 3

  <span class="token keyword">if</span> <span class="token keyword">STRATEGYPROFIT</span> <span class="token operator"><</span><span class="token operator">-</span><span class="token number">1000</span> <span class="token keyword">then</span> QUIT endif

  

  David

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  08/22/2016 at 6:47 PM #12067
  Leon

  Thanks for your quick answer – will try both 😉

  Regards

  Leon

  

  Leon

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