Max Loss per day

• 07/19/2019 at 8:35 AM #102882
  djohnson87

  Hi guys

  Is it possible to code a “max loss per day” into the system? Essentially adding a dollar amount loss which if hit within a period of time will stop the system trading and push into “not running”.

   

  Thanks

  

  djohnson87

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  07/19/2019 at 8:47 AM #102884
  robertogozzi

  There you go, you’ll have to:

  • add TradeON to your conditions to enter a trade
  • set TradeON back to 1 to reenable trading whenever you want

  ONCE MaxLoss = 500 ONCE TradeON = 1 IF STRATEGYPROFIT <= MaxLoss THEN    TradeON = 0 ENDIF

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  ONCE MaxLoss = 500 ONCE TradeON = 1 IF STRATEGYPROFIT <= MaxLoss THEN    TradeON = 0 ENDIF

   

  

  robertogozzi

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  07/19/2019 at 8:50 AM #102885
  djohnson87

  Thanks Roberto

  Bit new to this so when you say “add TradeON to your conditions to enter a trade” – is this a build in function or will this form part of the code?

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  robertogozzi

  

  djohnson87

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  07/19/2019 at 8:52 AM #102886
  Nicolas

  A good code snippet for the daily maximum loss can be found here:

  https://www.prorealcode.com/blog/learning/max-profit-loss-day-trading-strategy/

   

  

  Nicolas

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  07/19/2019 at 9:09 AM #102889
  robertogozzi

  djohnson87 wrote:

  Thanks Roberto

  Bit new to this so when you say “add TradeON to your conditions to enter a trade” – is this a build in function or will this form part of the code?

  You have to merge my code into yours, then us TradeON, alcong with your conditions, to enter a trade, i.e.:

  IF MyConditions AND TradeON THEN BUY/SELLSHORT ..... ENDIF

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  IF MyConditions AND TradeON THEN    BUY/SELLSHORT ..... ENDIF

   

  

  robertogozzi

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  07/20/2019 at 2:37 AM #102991
  djohnson87

  Thanks heaps Nicolas thats exactly what I needed

  

  djohnson87

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