Max Daily Loss Limit for automating trading

• 06/30/2023 at 7:10 PM #217099
  Ringo

  Hello,

  at the moment I ran 3 stocks in an automatated trading system. So 3 strategies are running at the same time. I like to install a daily loss limit of $300

  Recently I put these lines in the code to not allow to open new trades when the loss limit is reached:

  Once MaxLoss = 300 Once TempProfit = 0 Once TradeON = 1 IF IntraDayBarIndex = 0 Then TempProfit = STRATEGYPROFIT TradeON = 1 ENDIF If TempProfit - STRATEGYPROFIT >= MaxLoss THEN TradeON = 0 ENDIF

  1 2 3 4 5 6 7 8 9 10

  Once MaxLoss = 300 Once TempProfit = 0 Once TradeON = 1 IF IntraDayBarIndex = 0 Then TempProfit = STRATEGYPROFIT TradeON = 1 ENDIF If TempProfit - STRATEGYPROFIT >= MaxLoss THEN TradeON = 0 ENDIF

   

  But this only works for each stock. Therfore I am running the system for 3 stocks/3strategies, the system stops for the day when 3x-$300 is reached.

  How can I install a check  before a new trade is openend, regarding the total running profit/Loss for the day for the whole protfolio?

  Any ideas?

   

  Thanks for help

  André

  

  Ringo

  Participant

  Topics: 7

  Replies: 18

  Been thanked: 1 time
  07/01/2023 at 9:50 AM #217108
  JS

  Hi @Ringo

  Unfortunately, this is not possible because the different trading systems cannot exchange information…

  2 users thanked author for this post.

  KumoNoJuzza, Ringo

  

  JS

  Participant

  Topics: 26

  Replies: 1743

  Been thanked: 802 times
• Author
  Posts