DrawDown Limitation setting

[Yassine.Chetouani]

Dear Sir or Madam,

Max Drawdown need to be limited to 200 ticks.

I want to inform you that I want to create a limitation to my Max Daily Drawdown so I will exit my strategy when my strategy hits my input Daily drawdown input per ticks

I found this code, but I do not know if it is working well.

private double averageDrawDown = 199;




protected override void OnBarUpdate()
{
if (! Historical)
{
averageDrawDown =
0 == averageDrawDown
? Performance.AllTrades.TradesPerformance.Currency.D rawDown
: (Performance.AllTrades.TradesPerformance.Currency. DrawDown + averageDrawDown) / 2
;
DrawHorizontalLine("AverageDrawDown", averageDrawDown, Color.RoyalBlue);
//}
// code here
}


Can you help me with the subject, Please.

I really need a clear example if possible as I am a basic coder.
The drawdown is calculated at the end of each trading day, So How can I call the past data and link it to my average DrawDown input?
Thank you

[NinjaTrader_AlanP]

Hello Yassine.Chetouani,

I have provided three links below you can use as reference samples for achieving what you’re looking to do,

Strategy: Stopping a strategy after consecutive losers

http://ninjatrader.com/support/forum/showthread.php?t=19289

Strategy: Halting a Strategy Once User Defined Conditions Are Met

http://ninjatrader.com/support/forum/showthread.php?t=4804

Strategy: Using trade performance statistics for money management

http://ninjatrader.com/support/forum/showthread.php?t=4084

In regards to see how you could set up a user input parameter to pass in a draw down figure, please see the SampleMACrossOver strategy preloaded on Ninja, which lets the user define the fast and slow period.

Please let us know if you need further assistance.

[Yassine.Chetouani]

Hi Alan
Thank you for your answer.
Sorry for this late feedback. I just got the chance to try some solution and answer you back
I did the code below to limit my Daily DD.

if ((Performance.AllTrades.TradesPerformance.Currency .DrawDown - priorTradesDrawDown (a double called from the first bar session) +Position.GetProfitLoss(Close[0], PerformanceUnit.Currency)) <= - maxDrawDown (Double input))

{
Do something.... Stop strategy or close all, Draw line .....
}

Thank you for your assistance.
I add that I want to post it here so if someone is looking to limit his DD he can find it in this post. since I struggeled so much to solve this section.

Best Regards,