How to make program stop trading after it has lost $80? - futures io
futures io futures trading



How to make program stop trading after it has lost $80?


Discussion in EasyLanguage Programming

Updated
      Top Posters
    1. looks_one honoluluhustler with 6 posts (1 thanks)
    2. looks_two Big Mike with 5 posts (4 thanks)
    3. looks_3 ABCTG with 2 posts (3 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
    1. trending_up 2,621 views
    2. thumb_up 8 thanks given
    3. group 2 followers
    1. forum 12 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

How to make program stop trading after it has lost $80?

(login for full post details)
  #1 (permalink)
Honolulu + Hawaii / USA
 
 
Posts: 18 since Jul 2014
Thanks: 16 given, 1 received

How to make program stop trading after it has lost $80 for the DAY, so there aren't draw downs that wipe out my account.

I have the code in there to make it stop trading after it is profitable, however when i use "NetLoss" it says it is an unknown symbol

Inputs: Price( Open ),
Length1 ( 15 ),
Length2 ( 20 )
Cts ( 4 ),
TGT ( 100 ),
STP ( 75 );

Vars: ExpAv1 ( 0 ),
PrevNetProfit ( 0 ),
PrevNetLoss ( 0 ),
StopTrading (false),
ROC1 ( 0 );

ExpAv1 = XAverage ( Price, Length1 ) ;
ROC1 = ( PRICE - PRICE[Length2] ) / PRICE[Length2] * 100 ; { RATE OF CHANGE }

if Date <> Date [1] then
begin
PrevNetProfit = NetProfit;
StopTrading = false;
end;

if NetProfit >= PrevNetProfit + 100 then StopTrading = true;

if Date <> Date [1] then
begin
PrevNetLoss = NetLoss;
StopTrading = false;
end;

if NetLoss >= PrevNetLoss + 80 then StopTrading = true;

{Buy or short sell contracts at exponential average crossovers}

if volume > 5000 and ROC1 > 0 and Price[1] crosses above ExpAv1[1] then
begin
buy ( "buy") Cts contracts next bar at market ;

setprofittarget (TGT);
setstoploss (STP);

end;

value97 = text_new ( D, T, ExpAv1, "*" );
text_setcolor (Value97, Cyan);

Reply With Quote

Can you help answer these questions
from other members on futures io?
What blockvolume is visible? - order processing
NinjaTrader
Indicators for pair trading MES and M2K
Platforms and Indicators
Automating strategies on multiple charts with same symbol
TradeStation
MACD line not plotting after change of plot order
NinjaTrader
Reading A set of Trading Signals
EasyLanguage Programming
 
 
(login for full post details)
  #3 (permalink)
 
 
Posts: 2,230 since Apr 2013
Thanks: 409 given, 1,471 received


honoluluhustler,

Netprofit is the total result over all completed trades. A drop in NetProfit of 80 compared to the previously stored value indicates a loss of 80$ (or whatever you use as base currency). That's why there is no NetLoss reserved word.

To access the result of winning trades only, you can use GrossProfit and GrossLoss for the losing trades.

Regards,
ABCTG

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to ABCTG for this post:
 
(login for full post details)
  #4 (permalink)
Honolulu + Hawaii / USA
 
 
Posts: 18 since Jul 2014
Thanks: 16 given, 1 received

Thank you ABCTG for your work.

I have another question. Is it possible to make the trading bot close all positions by a certain time? I plan to use Global Futures and the $500 intraday trading margin and holding a postion past 4:15pm EST results in full margin.

Mahalo,

Honolulu Hustler

Reply With Quote
 
(login for full post details)
  #5 (permalink)
 
 
Posts: 2,230 since Apr 2013
Thanks: 409 given, 1,471 received

Your are welcome. I have answered here

Regards,
ABCTG

Follow me on Twitter Reply With Quote
The following user says Thank You to ABCTG for this post:
 
(login for full post details)
  #6 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,779 since Jun 2009
Thanks: 32,306 given, 97,566 received

@honoluluhustler are you affiliated with Global Futures in any way?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #7 (permalink)
Honolulu + Hawaii / USA
 
 
Posts: 18 since Jul 2014
Thanks: 16 given, 1 received

No I am not

Reply With Quote
 
(login for full post details)
  #8 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,779 since Jun 2009
Thanks: 32,306 given, 97,566 received


honoluluhustler View Post
No I am not

What about AMP? Any affiliation?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #9 (permalink)
Honolulu + Hawaii / USA
 
 
Posts: 18 since Jul 2014
Thanks: 16 given, 1 received

Nope.

Reply With Quote
 
(login for full post details)
  #10 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,779 since Jun 2009
Thanks: 32,306 given, 97,566 received



Big Mike View Post
What about AMP? Any affiliation?


honoluluhustler View Post
Nope.

OK thanks.

Are you in Hawaii today? Or Chicago?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #11 (permalink)
Honolulu + Hawaii / USA
 
 
Posts: 18 since Jul 2014
Thanks: 16 given, 1 received

Superior, WI visiting family. Live in Chicago. Moving to Hawaii in late August to attend school.

Reply With Quote
 
(login for full post details)
  #12 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,779 since Jun 2009
Thanks: 32,306 given, 97,566 received

Thank you @ABCTG for sharing your EasyLanguage expertise, as always.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #13 (permalink)
Honolulu + Hawaii / USA
 
 
Posts: 18 since Jul 2014
Thanks: 16 given, 1 received

Understand the concern and appreciate the info on Global. If we keep in touch, look forward to meeting you in person in paradise.

Reply With Quote
The following user says Thank You to honoluluhustler for this post:


futures io Trading Community Platforms and Indicators EasyLanguage Programming > How to make program stop trading after it has lost $80?


Last Updated on July 7, 2014


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

Journal Challenge w/Jigsaw

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts