automatic trailing limit to daily losses

[Alain B]

I want to implement an automatic limit to my daily losses (trailing 'drawdown').

For example, if I place an order and the price (!) goes 48 ticks in the wrong direction after the order is triggered (regardless the number of contracts), I want the system to make it impossible to continue to trade until the next trading day.

This is not the same as placing a stop loss.

Can this be programmed in the strategy builder and if so,how?

[NinjaTrader_ChrisL]

Hi Alain, thanks for posting. We have a collection of loss limit examples with a builder version here:

https://ninjatrader.com/support/forum/forum/ninjatrader-8/strategy-development/93881-daily-loss-limit-examples#post93881

Please let me know if you have any questions on this material.