daily loss limit in strategy builder

[37s29nala]

hi, hoping to find a method in nj8 strategy builder whereby i could set an overall loss limit on a strategy. in other words to have it exit positions and turn off the working strategy, thanks

[NinjaTrader_Kate]

Hello 37s29nala,

Thank you for your post.

Here's an example script a former colleague of ours created that should help. It's a little tricky to do this in the Strategy Builder, but you can if you use a custom series to track the current Strategy PnL. I'd advise importing this and then opening a new Strategy Builder window. On the first screen, find "DailyLossLimitBuilderExample" in the list and from there you can use the Builder navigation buttons to view the necessary logic.

Please let us know if we may be of further assistance to you.

[37s29nala]

hi kate

i wasn't successful here. i downloaded the zip and copied it i dont know where i should paste this. should i be using the strateg;y analyzer.

[NinjaTrader_Kate]

Hello 37s29nala,

Thank you for your reply.

It should not be copied and pasted, it should be imported into NinjaTrader and then you can open a new Strategy Builder window, select "DailyLossLimitBuilderExample" from the dropdown on the first page, and then you can use the navigation buttons to view how the logic is set up.

Note — To import NinjaScripts you will need the original .zip file.

To Import:

1. Download the NinjaScripts to your desktop, keep them in the compressed .zip file.
2. From the Control Center window select the menu Tools > Import > NinjaScript Add-on...
3. Select the downloaded .zip file
4. NinjaTrader will then confirm if the import has been successful.

Critical - Specifically for some NinjaScripts, it will prompt that you are running newer versions of @SMA, @EMA, etc. and ask if you want to replace, press 'No'

Once installed, you may add the strategy to a chart to test with the Sim101 account by:

• Right-click your chart > Strategies... > Select the Strategy from the 'Available' list on the left > Add > Check the Enable checkbox on the right > OK

Here is a short video demonstration of the import process:

• Install a 3rd Party Indicator or App

Please let me know if I can be of further assistance.