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

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

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

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

Regards,
ABCTG