Max Daily Loss Limit Script Needed

• 03/29/2022 at 1:09 PM #190730
  shaz

  Hello,

  I am new to Pro Real Code, and was keen for someone to share a simple script that can provide me with a MAX DAILY LOSS limit of £500.

  After which I cannot place a trade in that day.

  This would need to reset the following day.

   

  Thanks

  Shaz

  

  shaz

  Participant

  Topics: 1

  Replies: 0

  Been thanked: 0 times
  03/29/2022 at 1:47 PM #190735
  robertogozzi

  Use TradeON as an additional condition to enter a trade:

  Once MaxLoss = 500 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    = 500 Once TempProfit = 0 Once TradeON    = 1 If IntraDayBarIndex = 0 Then    TempProfit = StrategyProfit    TradeON    = 1 Endif If TempProfit - StrategyProfit >= MaxLoss then    TradeON = 0 Endif

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17150

  Been thanked: 4039 times
• Author
  Posts