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Simple Riskmanagement (Daily Loss) for NT7


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Renkotrader's Avatar
 Renkotrader 
Frankfurt, Hessen, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: APEX & NinjaTrader Brokerage
Trading: 6E, 6J, CL, ES, FDAX, FGBL, GC, HG, NQ, RTY, SI, YM
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Hello Programmers for NT7!

One question: can any of you imagine a full workarounds, which I as a non-programmer (but reasonably good code understander), this can be implemented in NT7:

WHEN MAXIMUM DAILY LOSS LIMIT IS REACHED IN RUNNING POSITION, THEN CLOSE ALL OPEN POSITIONS + WARNING PER MESSAGEBOX.

Of this code can not be a state secret, as is the implementation: how do I build this (step by step)?

I thank you very much!

Best regards,
Renkotrader


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  #3 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 958 since Nov 2010


I am non-programmer to that why use gg80108 stradegy as template.
I changed only entry logic, stop and target.




//money management
if ((profit + Position.GetProfitLoss(Close[0], PerformanceUnit.Currency)) <= (Position.Quantity * -750)&& Position.MarketPosition != MarketPosition.Flat) //no mas
{
StopTrading = true;
ExitLong();
ExitShort();
DrawText("CLh"+CurrentBar,"No MAS" ,0,High[0] + 1,Color.Black);
DrawText("CLl"+CurrentBar,"No MAS" ,0,Low[0] - 1,Color.Black);
}


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Last Updated on January 24, 2013


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