Stopping a strategy after consecutive losers

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Stopping a strategy after consecutive losers

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Trending days or ranging days can make or break a strategy. If you have a system that does extremely well on trending days, you may look for a way to turn that system off during range-bound days. A simple filter you may use could be something like, "If the last three trades were consecutive losers, stop trading for the rest of the session

 

Key concepts in this example

Obtaining previous trade information to decide whether or not to keep trading for the day

 

Important related documentation

SystemPerformance

TradeCollection

AllTrades*

EnterLong()

ExitLong()

IsFirstBarOfSession

IsFirstTickOfBar

 

* This reference sample uses the .AllTrades property. This property will include all historical virtual trades as well as real-time trades. If you wish to only make calculations based on real-time trades you can use the .RealtimeTrades property.

 

Import instructions

1.Download the file contained in this Help Guide topic to your PC desktop

2.From the Control Center window, select the menu Tools > Import > NinjaScript

3.Select the downloaded file

 

SampleTradeObjects_Nt8.zip