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Monthly Stops
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Created: by crmtrade Attachments:0

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Monthly Stops

  #1 (permalink)
Toronto
 
 
Posts: 2 since Jul 2010
Thanks: 0 given, 0 received

Monthly Stops

Hi Guys, can anyone paste a code for Monthly stops? Last piece I need to complete my strategy. Thanks

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  #2 (permalink)
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  #3 (permalink)
Gurnee, IL
 
 
Posts: 46 since Apr 2010
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crmtrade View Post
Hi Guys, can anyone paste a code for Monthly stops? Last piece I need to complete my strategy. Thanks

By monthly stop do you mean to exit all open positions on the last day of the month?

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  #4 (permalink)
Toronto
 
 
Posts: 2 since Jul 2010
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Hi Jim,

What I mean is, example if the monthly stop is 2k, then if the system loses 2k it shuts off for the rest of the month. I need this as a seperate strategy. If anyone could post the code would be greatly appreciated.

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  #5 (permalink)
Orlando, Florida
 
Trading Experience: Advanced
Platform: NinjaTrader, TradeStation, MultiCharts, eSignal, MetaTrader
Favorite Futures: ES
 
Posts: 57 since Aug 2010
Thanks: 6 given, 73 received

I did not test this, but I think it should work.

 
Code
                            
if month(d)<>month(d[1]) then begin
startofmonth
=netprofit;
allowtrading=true;
end;

if 
netprofit<startofmonth-MyMonthlyStop then begin
// exit your positions here
allowtrading=false;
end;

if 
allowtrading then begin
// your entries here
end

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