Stop entering trade when profit hit and reset

[jpsjrj]

Hi ,

How can I make the strategy to stop trading when a certain profit is hit and then reset it the next day without having to disable it

I tried the following but this does not seem to work.


double MyNetProfit = SystemPerformance.AllTrades.TradesPerformance.NetP rofit ;

if (MyNetProfit >= MaxProfitHit) return;

if (Bars.IsFirstBarOfSession) MyNetProfit = 0;

Thanks

[NinjaTrader_PaulH]

Hello jpsjrj,

Thanks for your post.

The strategy profit accumulates each day that the strategy runs and is not reset.

What you would need to do is to at the first bar of the session, to store the strategy accumulated PNL into a variable. Then the daily PNL would be the difference between the accumulated PNL and the saved PNL.

Something like this:

if (Bars.IsFirstBarOfSession)
{
priorPNL = SystemPerformance.AllTrades.TradesPerformance.NetP rofit ; // priorPNL would be a double type variable created at the class level as private double priorPNL
}

double MyNetProfit = SystemPerformance.AllTrades.TradesPerformance.NetP rofit - priorPNL; // daily PNL value

if (MyNetProfit >= MaxProfitHit) return;

[jpsjrj]

Thanks !! That did the trick.

I did the same thing for GrosssLoss or Drawdown but that did not work. What do I need to do differently. ?


if (Bars.IsFirstBarOfSession) {
priorDrawDown = SystemPerformance.AllTrades.TradesPerformance.Curr ency.Drawdown ;
priorGrossLoss = SystemPerformance.AllTrades.TradesPerformance.Gros sLoss;
}


double MyCurrentDrawn = SystemPerformance.AllTrades.TradesPerformance.Curr ency.Drawdown + priorDrawDown ;

double MyGrossLoss = SystemPerformance.AllTrades.TradesPerformance.Gros sLoss + priorGrossLoss ;


if (MyCurrentDrawn > 200) return;

if (MyGrossLoss > 200 ) return;

[NinjaTrader_PaulH]

Hello jpsjrj,

Thanks for your reply.

I would suggest using print statements to print out those values to help clarify what your strategy is using and working with.

[NT-Roland]

Hello jpsjrj,
GrossLoss and DrawDown are shown as negative numbers in strategy analyzer. Thus, I would assume, you need to change the code:

if (MyCurrentDrawn*-1 > 200) return;
if (MyGrossLoss*-1 > 200 ) return;
Or
if (MyCurrentDrawn < -200) return;
if (MyGrossLoss < -200 ) return;

NT-Roland