Strategy exit based on cumulative gain or loss

July 25th, 2017, 12:32 AM

I am looking to have my strategy “Quit for the day” once I reach a certain profit target or loss amount.

I am hoping it will take into consideration the daily total of my completed trades, as well as any current trade I am in.

Any ideas on this?? Any help would be greatly appreciated.

I am decent at easy language, but really don't know where to start.

Thanks in advance,

Donovan

ABCTG · July 25th, 2017, 02:37 AM

Donovan2580,

the code in the below link might not exactly do what you have in mind, but should give you a good idea about how you could do it:

P/L trailing stop

Sam,

good job, thanks for the update.

Regards,

ABCTG

Other than that you can likely find other examples here on nexusfi.com using the search function or on the official TS forum.

Regards,

ABCTG

ABCTG · July 25th, 2017, 02:59 AM

Donovan2580,

one idea that might work for you would include storing the net profit of your strategy on a date change in a variable and then comparing the current net profit against this variable.
Once the different is greater than your target, set a boolean flag to true and use this flag's value to exit any open positions and also to prevent new entries from being taken. Just keep in mind to set the boolean flag to false on a date change, too - otherwise your strategy wouldn't trade anymore after a profit exit.

Regards,

ABCTG

July 27th, 2017, 01:51 AM

Just wanted to say thank you... The Boolean is maybe a bit over my head, but it gives me something to look into.

Thanks much for taking the time to reply

ABCTG · July 27th, 2017, 02:50 AM

Donovan2580,

you are welcome. A boolean variable simply means that this variable is of the type bool and holds true or false as values ( BOOL (Reserved Word))

Regards,

ABCTG

Strategy exit based on cumulative gain or loss

Discussion in EasyLanguage Programming

Strategy exit based on cumulative gain or loss