Can't get MAX PROFIT/GAIN per day to work

• 05/10/2020 at 9:57 PM #131036
  Bel

  MAX PROFIT/GAIN PER DAY

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // ---parameters MaxDailyProfit=20 //Max daily profit allowed (in money) once tradeon=1 // reset the current state of the strateygprofit each new day If intradaybarindex=0 then MyProfit=STRATEGYPROFIT tradeon = 1 endif // test if the strategyprofit of the day is currently above the daily profit allowed of below the daily loss allowed If StrategyProfit>=MyProfit+MaxDailyProfit then tradeon = 0 endif   IF tradeon=1 and c1 AND c2 THEN BUY 1 contract AT MARKET ENDIF IF tradeon=1 and c3 AND c4 THEN SELLSHORT 1 contract AT MARKET ENDIF

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // ---parameters MaxDailyProfit=20 //Max daily profit allowed (in money)   once tradeon=1     // reset the current state of the strateygprofit each new day If intradaybarindex=0 then MyProfit=STRATEGYPROFIT tradeon = 1 endif   // test if the strategyprofit of the day is currently above the daily profit allowed of below the daily loss allowed If StrategyProfit>=MyProfit+MaxDailyProfit  then tradeon = 0 endif   IF  tradeon=1 and c1 AND c2  THEN BUY 1 contract AT MARKET ENDIF   IF  tradeon=1  and c3 AND c4 THEN SELLSHORT 1 contract AT MARKET ENDIF

  

  Bel

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  05/10/2020 at 10:00 PM #131038
  Bel

  Good evening.

   

  Been studying how to get my intraday system to stop trading after MAX PROFIT/GAIN reached of lets say 20 euros. https://www.prorealcode.com/blog/learning/max-profit-loss-day-trading-strategy/ has it all outlined but somehow I can’t get it to work. Any help would be appreciated.

  p.s. sorry for the double post as couldnt type my msg after adding PRT code somehow, live and learn)

  Thank you.

  Best regards,

  Bel.

  

  Bel

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  04/20/2023 at 8:31 AM #213533
  Nicolas

  This version works ok:

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // ---parameters MaxDailyProfit=100 //Max daily profit allowed (in money) once tradeon=1 // reset the current state of the strateygprofit each new day If intradaybarindex=0 then MyProfit=STRATEGYPROFIT tradeon = 1 endif // test if the strategyprofit of the day is currently above the daily profit allowed of below the daily loss allowed If StrategyProfit>=MyProfit+MaxDailyProfit then tradeon = 0 endif IF tradeon=1 and rsi[14]crosses over 50 THEN BUY 1 contract AT MARKET ENDIF IF tradeon=1 and rsi[14]crosses under 50 THEN SELLSHORT 1 contract AT MARKET ENDIF //graph strategyprofit //graph MyProfit+MaxDailyProfit coloured("orange") //graph tradeon

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // ---parameters MaxDailyProfit=100 //Max daily profit allowed (in money)   once tradeon=1   // reset the current state of the strateygprofit each new day If intradaybarindex=0 then MyProfit=STRATEGYPROFIT tradeon = 1 endif   // test if the strategyprofit of the day is currently above the daily profit allowed of below the daily loss allowed If StrategyProfit>=MyProfit+MaxDailyProfit  then tradeon = 0 endif IF  tradeon=1 and rsi[14]crosses over 50  THEN BUY 1 contract AT MARKET ENDIF   IF  tradeon=1  and rsi[14]crosses under 50 THEN SELLSHORT 1 contract AT MARKET ENDIF   //graph strategyprofit //graph MyProfit+MaxDailyProfit coloured("orange") //graph tradeon

  

  Nicolas

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