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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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Created: by honoluluhustler Attachments:0

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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?
Thanks

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 = GrossLoss;
StopTrading = false;
end;

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

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  #2 (permalink)
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  #3 (permalink)
 Vendor: www.abctradinggroup.com 
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,782 since Apr 2013
Thanks: 284 given, 1,067 received


honoluluhustler,

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
 
Code
if GrossLoss >= PrevNetLoss + 65 then StopTrading = true;
can never become true.

Regards,
ABCTG

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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

Gettodaysrttradeequity

You may want to try this:

value1 = Gettodaysrttradeequity(getaccountid);

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