Monthly Stops

November 29th, 2010, 02:22 AM

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

November 29th, 2010, 03:43 PM

crmtrade

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?

December 4th, 2010, 02:12 PM

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.

December 5th, 2010, 08:29 AM

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;

Monthly Stops

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Monthly Stops