Daily Loss Limit

July 28th, 2016, 10:10 AM

GeeBee

Is there any indicator for Daily Loss and Profit limit. I don't know how to make one. Thanks

Yes. It is called your butt, which you use to sit on your hands.

I am not sure what you mean by 'indicator'. To do what? Stop you from trading once your reach a predefined profit or loss?

February 4th, 2017, 07:24 PM

drolles

Would a solution be to search the trade collection for trades that occurred that day, then add the current PnL?

Code

if (dailyPnL > -(maxLoss))
                    {

                        if (Performance.AllTrades.Count != tradeCount)
                        {
                            tradeCount = Performance.AllTrades.Count;

                            foreach (Trade x in Performance.AllTrades)
                            {
                                if (x.Exit.Time.Date.CompareTo(Time[0].Date) == 0)
                                {
                                    dailyPnL += x.ProfitCurrency;

                                }

                            }

                        }

                        if (Position.MarketPosition != MarketPosition.Flat)
                        {

                            dailyPnL += Position.GetProfitLoss(Close[0], PerformanceUnit.Currency);

                        }

                    }

You would obviously need to reset the dailyPnL each day.

Code

if (Bars.FirstBarOfSession && FirstTickOfBar)
                    {

                        dailyPnL = 0;}

It when then work regardless if you are in backtest or live trading. You would always be searching the trade collection based on the current day. Of course, please feel to poke holes in my logic

This is smart ! Thanks.

Daily Loss Limit

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Daily Loss Limit