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Help! My program will not stop trading for the day even thou I set a maximum loss
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Help! My program will not stop trading for the day even thou I set a maximum loss

  #1 (permalink)
Trading Apprentice
Honolulu + Hawaii / USA
Futures Experience: Intermediate
Platform: TradeStation
Favorite Futures: Gold
Posts: 18 since Jul 2014
Thanks: 16 given, 1 received

Help! My program will not stop trading for the day even thou I set a maximum loss

Help! My program will not stop trading for the DAY even thou I set a maximum loss limit for the day.
What is wrong with my code?

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

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

if Date <> Date [1] then
PrevNetLoss = GrossLoss;
StopTrading = false;

if GrossLoss >= PrevNetLoss + 65 then StopTrading = true;

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
Hamburg Germany
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
Posts: 1,533 since Apr 2013
Thanks: 231 given, 854 received
Forum Reputation: Legendary


when posting code, please wrap the code tags around it, it makes reading things a lot easier.
GrossLoss returns a negative number, so the condition
if GrossLoss >= PrevNetLoss + 65 then StopTrading = true;
can never become true.


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  #4 (permalink)
Elite Member
Dallas Texas
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: Emini ES, Emini YM
Posts: 10 since Sep 2013
Thanks: 0 given, 1 received


You may want to try this:

value1 = Gettodaysrttradeequity(getaccountid);

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