Intraday Profit Loss

November 5th, 2014, 09:06 AM

Hi guys,

im trying to write a code that simply stop trading if intraday profitloss > x or < y, for backtested and real trading (flag "test").

Code:

Code

                            
//// Storing Morning Balance
if Time = 0900 AND Test = 0 then begin
PL = 0;
balance = GetRTAccountEquity(Account);
END;
if Time = 0900 AND Test = 1 then begin
PL = 0;
balance = InitialCapital + i_ClosedEquity;
end;

now variable "balance" is equal to account balance at 9:00 AM

Code

                            
//// Calculating P&L
if test = 0 then
PL = BALANCE - GetRTAccountEquity(Account);
if test = 1 then
PL = BALANCE - (InitialCapital + i_ClosedEquity);

//// EXIT
Condition99 = PL >   Max_Daily_Porfit OR PL  < - Max_Daily_Loss ;

now, PL is equal to variable "Balance" - actual Account Balance

Code

                            
if (marketposition =  1 and condition99 ) then 
sell ("sell p&l") 1 contract next bar at market;

if (marketposition = -1 and condition99 )then 
buytocover ("cover p&l") 1 contract next bar at market;

But unfortunatly it doesn t work, any help ?

Thank you for any response

Regards
No Erocla

ABCTG · November 5th, 2014, 12:31 PM

no erocla,

you should print the values of your variables to the output bar to check them and see what values they contain.
This line "PL = BALANCE - GetRTAccountEquity(Account);" actually becomes negative when your equity grows and positive when you lose money.
Depending on your input values for Max_Daily_Porfit and Max_Daily_Loss I'd guess that your condition99 can never become true.

Regards,
ABCTG

November 12th, 2014, 03:22 AM

Thank you like always for the help

Code

                            
//// Storing Morning Balance

if Time = 0900 then begin

PL = 0;

balance = (InitialCapital + i_OpenEquity);

END;

            

//// Calculating P&L

if Time > 0900 then

PL =(InitialCapital + i_OpenEquity) -  BALANCE ;

it works now.

No Erocla

ABCTG · November 12th, 2014, 03:24 AM

You are welcome. I am glad that it works for you.

Regards,
ABCTG

Intraday Profit Loss

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Intraday Profit Loss