The Elite Circle - SDY Account level pnl tracking with trailing max drawdown
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SDY Account level pnl tracking with trailing max drawdown 5 *
What is up FIO elite,

after a little escape from coding NT8, I decided to take another go at it and am moving forward with my little project. In order to help track some of these Top-Step rules, I am making a series of indicators, starting with an indicator that tracks the trailing max drawdown and target goal for a Combine.

The SDY_Account_Risk_Targets indicator is designed to keep track of the training max drawdown of an account (not a strategy). It was developed to help traders that have restrictions on the maximum amount they are allowed to lose. For example, in Top Step trading combine, the 50k dollar version has a max trailing loss of 2k and a profit goal of 3k.

I will still need to make an indicator for both the weekly max loss and the daily max loss.

This indicator access the account level not the security level of Ninjatrader and will only work on non-historic data, so like past indicators, members gladly told me that it does not work (when it does) do not try and use this on historic data. Market replay works fine, but not optimization.

To use the indicator, select the account you want to monitor in the drop-down and your risk targets, add the indicator and wait. To read the values of the account it will wait for an account update change (i.e. trading).

Sody

(this indicator is part of a personal project where I am openly building a training system for fun, follow along here)


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Details: SDY Account level pnl tracking with trailing max drawdown
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March 22nd, 2022
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