Hi Guys, can anyone paste a code for Monthly stops? Last piece I need to complete my strategy. Thanks

crmtrade 

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?

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.

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;