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Pausing a strategy when max draw down is reached
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Pausing a strategy when max draw down is reached

  #1 (permalink)
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Pausing a strategy when max draw down is reached

I currently use the following code to pause a strategy when the daily loss reaches a preset limit and it works OK.

 
Code
 
if (Performance.RealtimeTrades.TradesPerformance.Currency.CumProfit <= -MaxDaily Loss)
{
pause strategy code
}
However, I want to pause the strategy when it reaches a max draw down limit. I tried replacing the above code with the following but the strategy is permanently paused. I've messed around with it and can't figure out why it doesn't work!

 
Code
 
if (Performance.RealtimeTrades.TradesPerformance.Currency,DrawDown >= MaxDailyLoss)
{
pause strategy code
}
Would someone please tell me what I'm doing wrong and how to do it.

Many thanks.


Last edited by protrader007; May 28th, 2011 at 09:43 PM. Reason: don't know why it shows a gap in "Currency"
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Try printing the value and see what it starts and ends with every day.

If I recall correctly (haven't used NT in about 18 months...), you need to store and reset this value into a private var daily.

At beginning of day, take yesterdays value from Performance.* from the if session.begin() or whatever it is (can't remember), and then after each new trade you simply take the result of that trade and add it to your private value.

Mike

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Big Mike View Post
Try printing the value and see what it starts and ends with every day.

If I recall correctly (haven't used NT in about 18 months...), you need to store and reset this value into a private var daily.

At beginning of day, take yesterdays value from Performance.* from the if session.begin() or whatever it is (can't remember), and then after each new trade you simply take the result of that trade and add it to your private value.

Mike

Thanks Mike I'll check out your suggestions. I already print it to a performance window and it shows the correct data i.e. draw down and not toal loss and it resets to zero when I initialize the strategy. It just occured to me that as DrawDown is a negative number the solution may be as simple as using <= -MaxDailyLoss rather than >= MaxDailyLoss but I need some live data to test it!

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