Help about stop trading strategy

• 03/20/2023 at 12:49 AM #211754
  Amer

  Hello!

  Is it possible to program the strategy to turn off after two losses. So if there are two losses regardless of time or if these are consecutive, the strategy is closed for that particular day.

  Or if the loss is a certain amount, let’s say 50 dollars, the strategy is turned off for that particular day.
  Thanks in advance and best regards!

  

  Amer

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  03/20/2023 at 5:15 AM #211755
  robertogozzi

  My code will use the variable TradeON to flag periods when the strategy is freezed. Each new day trading is restored to full functionality:

  MaxLosses = 2 //after 2 losses stop trading MaxLoss = 50 //after 50 € loss stop trading Once TradeON = 1 Once MyProfit = 0 If IntraDayBarIndex = 0 then TradeON = 1 Tally = 0 MyProfit = StrategyProfit Endif If StrategyProfit < StrategyProfit[1] then Tally = Tally + 1 If Tally = MaxLosses then TradeON = 0 Endif Endif If (MyProfit - StrategyProfit) >= MaxLoss then TradeON = 0 Endif If MyLongConditions and TradeuON then BUY 1 Contract at Market Endif If MyShortConditions and TradeON then SELLSHORT 1 Contract at Market Endif

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  MaxLosses = 2  //after 2 losses stop trading MaxLoss   = 50  //after 50 € loss stop trading Once TradeON = 1 Once MyProfit = 0 If IntraDayBarIndex = 0 then    TradeON = 1    Tally = 0    MyProfit = StrategyProfit Endif If StrategyProfit < StrategyProfit[1] then    Tally = Tally + 1    If Tally = MaxLosses then       TradeON = 0    Endif Endif If (MyProfit - StrategyProfit) >= MaxLoss then    TradeON = 0 Endif If MyLongConditions and TradeuON then    BUY 1 Contract at Market Endif If MyShortConditions and TradeON then    SELLSHORT 1 Contract at Market Endif

   

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  Midlanddave

  

  robertogozzi

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  03/20/2023 at 1:40 PM #211793
  GraHal

  Link to above code saved as Log 359 here …

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  robertogozzi

  

  GraHal

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  03/20/2023 at 8:19 PM #211842
  Amer

  Thank you so much!

  

  Amer

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  03/20/2023 at 8:19 PM #211843
  Amer

  Thanks guys!

  

  Amer

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  09/03/2024 at 9:07 AM #237039
  SweTrade

  Hi!

  I searched and found this thread and need some coding help. What I want do is: if the last 2 trades were losses, dont take any trade for the next 500 bars, instead of the rest of the day. How could I code that?

  

  SweTrade

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  09/03/2024 at 11:13 AM #237040
  robertogozzi

  There you go:

  ONCE Pause = 500 //wait 500 bars before trading again ONCE Losses = 0 ONCE TradeON = 1 IF StrategyProfit > StrategyProfit[1] THEN Losses = 0 ELSIF StrategyProfit < StrategyProfit[1] THEN Losses = Losses + 1 LossBAR = BarIndex IF Losses = 2 THEN Losses = 0 TradeON = 0 ENDIF ENDIF IF (BarIndex -LossBAR) = Pause THEN TradeON = 1 ENDIF // IF MyLongConditions AND TradeON THEN BUY 1 CONTRACT AT MARKET ELSIF MyShortConditions AND TradeON THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF

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  ONCE Pause   = 500   //wait 500 bars before trading again ONCE Losses  = 0 ONCE TradeON = 1 IF StrategyProfit > StrategyProfit[1] THEN    Losses  = 0 ELSIF StrategyProfit < StrategyProfit[1] THEN    Losses  = Losses + 1    LossBAR = BarIndex    IF Losses = 2 THEN       Losses  = 0       TradeON = 0    ENDIF ENDIF IF (BarIndex -LossBAR) = Pause THEN    TradeON = 1 ENDIF // IF MyLongConditions AND TradeON THEN    BUY 1 CONTRACT AT MARKET ELSIF MyShortConditions AND TradeON THEN    SELLSHORT 1 CONTRACT AT MARKET ENDIF

   

   

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  SweTrade

  

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  09/06/2024 at 7:58 PM #237258
  ali313313

  Hi robertogozzi

  I need some coding help. What I want do is: if the last 3 trades were winning , dont take any trade for the next 10 bars How could I code that?

  

  ali313313

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  09/07/2024 at 10:44 AM #237272
  robertogozzi

  There you go:

  ONCE Pause = 10 //wait 10 bars before trading again ONCE MaxWins = 3 //pause after 3 consecutive wins ONCE Wins = 0 ONCE TradeON = 1 IF StrategyProfit > StrategyProfit[1] THEN Wins = Wins + 1 IF Wins = MaxWins THEN TradeON = 0 winBAR = BarIndex Wins = 0 ENDIF ELSIF StrategyProfit < StrategyProfit[1] THEN Wins = 0 ENDIF IF (BarIndex - winBAR) = Pause THEN TradeON = 1 ENDIF // MyLongConditions = Not OnMarket AND Close CROSSES OVER Average[20,0](close) MyShortConditions = Not OnMarket AND Close CROSSES UNDER Average[20,0](close) // IF MyLongConditions AND TradeON THEN BUY 1 CONTRACT AT MARKET ELSIF MyShortConditions AND TradeON THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF SET STOP %LOSS 0.5 SET TARGET %PROFIT 1 //graph Wins coloured("Green") //graph TradeON coloured("Red")

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  ONCE Pause   = 10      //wait 10 bars before trading again ONCE MaxWins = 3       //pause after 3 consecutive wins ONCE Wins    = 0 ONCE TradeON = 1 IF StrategyProfit > StrategyProfit[1] THEN    Wins = Wins + 1    IF Wins = MaxWins THEN       TradeON = 0       winBAR  = BarIndex       Wins    = 0    ENDIF ELSIF StrategyProfit < StrategyProfit[1] THEN    Wins = 0 ENDIF IF (BarIndex - winBAR) = Pause THEN    TradeON = 1 ENDIF // MyLongConditions  = Not OnMarket AND Close CROSSES OVER  Average[20,0](close) MyShortConditions = Not OnMarket AND Close CROSSES UNDER Average[20,0](close) // IF MyLongConditions AND TradeON THEN    BUY 1 CONTRACT AT MARKET ELSIF MyShortConditions AND TradeON THEN    SELLSHORT 1 CONTRACT AT MARKET ENDIF SET STOP   %LOSS   0.5 SET TARGET %PROFIT 1 //graph Wins    coloured("Green") //graph TradeON coloured("Red")

   

  

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  09/07/2024 at 11:47 AM #237277
  ali313313

  thank you thats help my code alooot

  I have just one more idea..

  What I want do is: its like a trailing stop but not on the position it will be on the portfolio i will give you an example:

   

  lets say i gain 1000$ and the trade is closed if he open a trade again i want him to secure 500$ from the last trade if he touch it he will shut down the system.

  also Every time I win multiples of 500, I want the device to stop at a rate of 500.

  

  ali313313

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  09/07/2024 at 12:34 PM #237281
  robertogozzi

  This seems to work as expected:

  ONCE Pause = 10 //wait 10 bars before trading again ONCE MaxWins = 3 //pause after 3 consecutive wins ONCE Wins = 0 ONCE TradeON = 1 ONCE GainTreshold = 1000 //Gain treshold above which a 50% profit is locked in ONCE myStrategyProfit = 0 ONCE myGainStopLevel = 0 // exit if the locked in profit is reached IF OnMarket AND (myGainStopLevel > 0) THEN tempProfit = positionperf * positionprice * PipValue IF (StrategyProfit + tempProfit) <= myGainStopLevel THEN SELL AT MARKET EXITSHORT AT MARKET Quit ENDIF ENDIF //check the wins and update the locked in profit, if large enough IF StrategyProfit > StrategyProfit[1] THEN Wins = Wins + 1 IF Wins = MaxWins THEN TradeON = 0 winBAR = BarIndex Wins = 0 ENDIF //check if locked in profit has to be updated IF StrategyProfit > 0 THEN //set tha base for the calculations BaseProfit = StrategyProfit[1] //if the previous StrategyProfit was negative set the BaseProfit to 0, //to avoid an incorrect addition, due to subtracting a negative value IF StrategyProfit[1] < 0 THEN BaseProfit = 0 ENDIF Gain = StrategyProfit - BaseProfit IF Gain >= GainTreshold THEN //lock in additional 50% profits myGainStopLevel = BaseProfit + round(Gain / 2) ENDIF ENDIF ELSIF StrategyProfit < StrategyProfit[1] THEN Wins = 0 ENDIF //set trading again after pausing IF (BarIndex - winBAR) = Pause THEN TradeON = 1 ENDIF // MyLongConditions = Not OnMarket AND Close CROSSES OVER Average[20,0](close) MyShortConditions = Not OnMarket AND Close CROSSES UNDER Average[20,0](close) // IF MyLongConditions AND TradeON THEN BUY 1 CONTRACT AT MARKET ELSIF MyShortConditions AND TradeON THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF SET STOP %LOSS 0.5 SET TARGET %PROFIT 1 //graph Wins coloured("Green") //graph TradeON coloured("Red") graph StrategyProfit coloured("Fuchsia") graph myGainStopLevel coloured("Blue")

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  ONCE Pause            = 10   //wait 10 bars before trading again ONCE MaxWins          = 3    //pause after 3 consecutive wins ONCE Wins             = 0 ONCE TradeON          = 1 ONCE GainTreshold     = 1000 //Gain treshold above which a 50% profit is locked in ONCE myStrategyProfit = 0 ONCE myGainStopLevel  = 0 // exit if the locked in profit is reached IF OnMarket AND (myGainStopLevel > 0) THEN    tempProfit = positionperf * positionprice * PipValue    IF (StrategyProfit + tempProfit) <= myGainStopLevel THEN       SELL      AT MARKET       EXITSHORT AT MARKET       Quit    ENDIF ENDIF //check the wins and update the locked in profit, if large enough IF StrategyProfit > StrategyProfit[1] THEN    Wins = Wins + 1    IF Wins = MaxWins THEN       TradeON = 0       winBAR  = BarIndex       Wins    = 0    ENDIF    //check if locked in profit has to be updated    IF StrategyProfit > 0 THEN       //set tha base for the calculations       BaseProfit = StrategyProfit[1]       //if the previous StrategyProfit was negative set the BaseProfit to 0,       //to avoid an incorrect addition, due to subtracting a negative value       IF StrategyProfit[1] < 0 THEN          BaseProfit = 0       ENDIF       Gain = StrategyProfit - BaseProfit       IF Gain >= GainTreshold THEN          //lock in additional 50% profits          myGainStopLevel = BaseProfit + round(Gain / 2)       ENDIF    ENDIF ELSIF StrategyProfit < StrategyProfit[1] THEN    Wins = 0 ENDIF //set trading again after pausing IF (BarIndex - winBAR) = Pause THEN    TradeON = 1 ENDIF // MyLongConditions  = Not OnMarket AND Close CROSSES OVER  Average[20,0](close) MyShortConditions = Not OnMarket AND Close CROSSES UNDER Average[20,0](close) // IF MyLongConditions AND TradeON THEN    BUY 1 CONTRACT AT MARKET ELSIF MyShortConditions AND TradeON THEN    SELLSHORT 1 CONTRACT AT MARKET ENDIF SET STOP   %LOSS   0.5 SET TARGET %PROFIT 1 //graph Wins    coloured("Green") //graph TradeON coloured("Red") graph StrategyProfit  coloured("Fuchsia") graph myGainStopLevel coloured("Blue")

   

  

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