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Intraday Profit Loss
Updated: Views / Replies:977 / 4
Created: by no erocla Attachments:0

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Intraday Profit Loss

  #1 (permalink)
Trading for Fun
turin italy
 
Futures Experience: Advanced
Platform: metatrader multichart
Favorite Futures: futures
 
Posts: 96 since May 2013
Thanks: 43 given, 4 received

Intraday Profit Loss

Hi guys,

im trying to write a code that simply stop trading if intraday profitloss > x or < y, for backtested and real trading (flag "test").

Code:

 
Code
                            
//// Storing Morning Balance
if Time 0900 AND Test 0 then begin
PL 
0;
balance GetRTAccountEquity(Account);
END;
if 
Time 0900 AND Test 1 then begin
PL 
0;
balance InitialCapital i_ClosedEquity;
end
now variable "balance" is equal to account balance at 9:00 AM

 
Code
                            
//// Calculating P&L
if test 0 then
PL 
BALANCE GetRTAccountEquity(Account);
if 
test 1 then
PL 
BALANCE - (InitialCapital i_ClosedEquity);

//// EXIT
Condition99 PL >   Max_Daily_Porfit OR PL  < - Max_Daily_Loss 
now, PL is equal to variable "Balance" - actual Account Balance


 
Code
                            
if (marketposition =  and condition99 then 
sell 
("sell p&l"1 contract next bar at market;

if (
marketposition = -and condition99 )then 
buytocover 
("cover p&l"1 contract next bar at market
But unfortunatly it doesn t work, any help ?

Thank you for any response

Regards
No Erocla

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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, 855 received
Forum Reputation: Legendary


no erocla,

you should print the values of your variables to the output bar to check them and see what values they contain.
This line "PL = BALANCE - GetRTAccountEquity(Account);" actually becomes negative when your equity grows and positive when you lose money.
Depending on your input values for Max_Daily_Porfit and Max_Daily_Loss I'd guess that your condition99 can never become true.

Regards,
ABCTG

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The following user says Thank You to ABCTG for this post:
 
  #4 (permalink)
Trading for Fun
turin italy
 
Futures Experience: Advanced
Platform: metatrader multichart
Favorite Futures: futures
 
Posts: 96 since May 2013
Thanks: 43 given, 4 received

Thank you like always for the help

 
Code
                            
//// Storing Morning Balance

if Time 0900 then begin
PL 
0;
balance = (InitialCapital i_OpenEquity);
END;
            
//// Calculating P&L
if Time 0900 then
PL 
=(InitialCapital i_OpenEquity) -  BALANCE 
it works now.

No Erocla

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The following user says Thank You to no erocla for this post:
 
  #5 (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, 855 received
Forum Reputation: Legendary

You are welcome. I am glad that it works for you.

Regards,
ABCTG

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