Putting max trailing drawdown and daily loss limit directly into a trading strategy

[PacifistZealot]

Would it be possible to implement something like this into the strategy itself via ninjascript? I know that it is possible to turn on a function like this for the account when live trading, but I want to be able to see the effects in the strategy analyzer when doing backtesting. Thank you in advance for any help!

[NinjaTrader_ChrisL]

Hello, thanks for writing in. You can get the Drawdown value while the strategy is running using this code:

SystemPerformance.AllTrades.TradesPerformance.Curr ency.Drawdown

This comes from the documentation example here:

https://ninjatrader.com/support/helpGuides/nt8/NT%20HelpGuide%20English.html?drawdown.htm

We have examples of a daily loss limit here:

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

[PacifistZealot]

Thanks for the helpful response. I am attempting to use the DailyLossLimitMultiTradeExample that you sent a link to as part of my strategy. It is working fine to record losing trades as part of the currentPnL, but it sometimes misses winning trades, leading the strategy to "think" that the currentPnL situation is worse that it really is. Is there a known fix for this issue? If necessary I can provide the code for my strategy.

[NinjaTrader_ChelseaB]

Hello PacifistZealot,

To confirm, are you able to reproduce this behavior using the DailyLossLimitMultiTradeExample without any modifications?

Are you printing the last trade information from the SystemPerformance and finding that the entry price and exit price are not matching the profit of that trade?