automatic trailing limit to daily losses

Alain B

Junior Member

Join Date: May 2022

Posts: 1
#1

automatic trailing limit to daily losses

05-10-2022, 05:48 AM

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?
Tags: strategy

Likes 1
NinjaTrader_ChrisL

NinjaTrader Customer Service

Join Date: Apr 2017

Posts: 7352
#2

05-10-2022, 07:19 AM

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

Daily loss limit examples - NinjaTrader Support Forum

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

Hello, I've updated the DailyLossLimit and DailyLosLimitMultiTrade examples that were posted on the forum for NinjaTrader 7 for NinjaTrader 8. These are often requested and I felt they are good examples to have for NT8. DailyLossLimitExample_NT7 - http://ninjatrader.com/support/forum...241#post451241 (http://ninjatrader

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