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Monthly Stops


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Monthly Stops

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  #1 (permalink)
crmtrade
Toronto
 
Posts: 2 since Jul 2010
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Hi Guys, can anyone paste a code for Monthly stops? Last piece I need to complete my strategy. Thanks

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  #3 (permalink)
Jeff65
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crmtrade View Post
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?

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crmtrade
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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.

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  #5 (permalink)
 MooreTech 
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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

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Last Updated on December 5, 2010


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