Strategy Builder - Max daily loss and max profit stops

[david196]

Hi,

I am using the Strategy Builder to build a strategy and run into some issues while trying to define a max daily loss and max profit. How do I use the builder to create a condition in which it stops trading if I reach a predetermined max daily loss or profit (which I can enter as input so they can be selected each time)?

Also, is there a way to set a limit on the number of daily trades? Something like a trade count that will prevent the strategy from executing more trades if a predefined limit is reached?

Thanks
David

[NinjaTrader_ChrisL]

Hello David, thanks for writing in.

We have a reference sample here demonstrating how to hold a strategy once a certain cumulative profit is reached:

https://ninjatrader.com/support/help...nce_user_d.htm

The StopStrategy method can not be called from the builder, so you will need to incorporate this condition in your entry order conditions. Something like

if(condition to trade && SystemPerformance.AllTrades.TradesPerformance.Curr ency.CumProfit < 1000 || SystemPerformance.AllTrades.Tra desPerformance.Currency.CumProfit > -400)
{
//perform the trade.
}

You would need to unlock the script and write by hand to count the number of trades that happened, that can not be done from the builder.

Please let me know if I can assist any further.

[david196]

Chris,

Thanks!

If I unlock the script and make changes by hand as suggested above, will I be able to go back and continue with the Builder or will I be on my own at that point?

Thanks
David

[NinjaTrader_ChrisL]

Hello David, thanks for your reply.

The script would not be editable in the builder after unlocking, it must be coded by hand after unlocking.

Kind regards.