Help about stopp trading after 2 losses

• 03/21/2023 at 10:52 PM #211897
  Amer

  Hello. Got help with coding but it didn’t work. So I write the code and wonder how one could add coding so that the strategy stops after, for example, three losses. It does not need to be programmed for several days, but only for that time. So nothing complicated, but just stop automatically after three losses. Thanks in advance. Here comes the code:

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // The system will cancel all pending orders and close all positions at 0:00. No new ones will be allowed until after the "FLATBEFORE" time. DEFPARAM FLATBEFORE = 100000 // Cancel all pending orders and close all positions at the "FLATAFTER" time DEFPARAM FLATAFTER = 121500 // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 100000 timeEnterBefore = time >= noEntryBeforeTime // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 121500 timeEnterAfter = time < noEntryAfterTime // Conditions to enter long positions indicator1 = Stochastic[5,3](close) indicator2 = Average[3](Stochastic[5,3](close)) c1 = (indicator1 CROSSES OVER indicator2) IF c1 AND timeEnterBefore AND timeEnterAfter THEN BUY 1 CONTRACT AT MARKET ENDIF // Stops and targets SET STOP pLOSS 10 SET TARGET pPROFIT 10

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // The system will cancel all pending orders and close all positions at 0:00. No new ones will be allowed until after the "FLATBEFORE" time. DEFPARAM FLATBEFORE = 100000 // Cancel all pending orders and close all positions at the "FLATAFTER" time DEFPARAM FLATAFTER = 121500   // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 100000 timeEnterBefore = time >= noEntryBeforeTime   // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 121500 timeEnterAfter = time < noEntryAfterTime   // Conditions to enter long positions indicator1 = Stochastic[5,3](close) indicator2 = Average[3](Stochastic[5,3](close)) c1 = (indicator1 CROSSES OVER indicator2)   IF c1 AND timeEnterBefore AND timeEnterAfter THEN BUY 1 CONTRACT AT MARKET ENDIF   // Stops and targets SET STOP pLOSS 10 SET TARGET pPROFIT 10

   

  

  Amer

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  03/22/2023 at 4:29 PM #211931
  JS

  Hi @Amer

  Maybe you can incorporate this “standard” program into your code…

  Stop after x losing trades

  Once MaxLosingTrades = 3 //Set the maximum number of losing trades Once Counter = 0 //Counter for counting the losing trades If IntraDayBarIndex = 0 then //Every new day the counter will reset to zero Counter = 0 EndIf If StrategyProfit < StrategyProfit[1] then //Check if the last closed trade is a losing one Counter = Counter + 1 //If the last trade is a losing one then update the counter EndIf If YourConditions and Counter < MaxLosingTrades then // When your buying conditions are valid and the number of losing trades is < 3 Buy 1 contract at Market EndIf

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  Once MaxLosingTrades = 3 //Set the maximum number of losing trades Once Counter = 0 //Counter for counting the losing trades   If IntraDayBarIndex = 0 then //Every new day the counter will reset to zero Counter = 0 EndIf   If StrategyProfit < StrategyProfit[1] then //Check if the last closed trade is a losing one Counter = Counter + 1 //If the last trade is a losing one then update the counter EndIf   If YourConditions and Counter < MaxLosingTrades then // When your buying conditions are valid and the number of losing trades is < 3 Buy 1 contract at Market EndIf

  

  JS

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