Daily loss limit examples

[Steve4616]

Does anybody has a working code that sets a Daily Max Loss?
Thank You

I never did get the daily profit or daily loss working. Tried multiple things but no luck. I'd share if I did

[afisher1965]

Does anybody has a working code that sets a Daily Max Loss?
Thank You

[NinjaTrader_BrandonH]

Hello MatthewLesko,

Thanks for your note.

Unfortunately, we do not have a reference sample that demonstrates making a Daily Profit Limit.

That said, you could use the same concept as the Daily Loss Limit reference samples to create a Daily Profit Limit in your strategy.

Essentially, you would create a DailyProfit variable in your script similar to the DailyLoss variable in the DailyLossLimit script. Then, you would create a condition that compares DailyPNL to your DailyProfit variable.

Let me know if I may assist further.

[MatthewLesko]

Hi is there an option with this to stop trading if reached a profit as well?

[NinjaTrader_BrandonH]

Hello burmaz,

Thanks for your note.

I am not aware of anything in that example script that would need to occur at the close of a bar.

The DailyLossLimitBuilderExample script should work with either Calculate.OnPriceChange or Calculate.OnEachTick.

You would change the Calculate mode to OnPriceChange or OnEachTick when enabling the strategy.

Let me know if I may assist further.

[burmaz]

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

DailyLossLimitMultiTradeExample_NT7 - http://ninjatrader.com/support/forum...367#post475367

Update Sep 4th, 2018:
- I realized the print in OnPositionUpdate should print when currentPnL is equal to less than the LossLimit, not just less than it.

Update July 13th, 2020:
- Added DailyLossLimitBuilderExample_NT8; NinjaTrader_PaulH was clever enough to realize the Strategy Builder custom series can be used with offsets to do math and subtract the total pnl from yesterdays pnl to get the current pnl and provided an example.

Hello,

What changes do I make in the strategy builder so that the "DailyLossLimitBuilderExample" attached file will work 'on price change' or on 'each tick' (intrabar)instead of on bar close? It works fine on bar close but I want it to operate with intrabar.

[Steve4616]

Hello Steve4616,

Thanks for your post.

This feature request has not yet been implemented into NinjaTrader. I have added your note to the feature request to include a Daily Profit Limit as well as a Daily Loss Limit in the Strategy Builder.

Deciding on features for future releases is not a simple black and white decision. There are many factors involved including but not limited to:

• Demand which is measured by objective user requests and subjective discretion on the part of our Product Management team.
• Feasibility
• Developer bandwidth
• Current projects in the queue
• Economics

You'll find a note regarding your feature request in the release notes when a feature is implemented.

Let me know if I may assist further.

Thanks Brandon

[NinjaTrader_BrandonH]

Hello Steve4616,

Thanks for your post.

This feature request has not yet been implemented into NinjaTrader. I have added your note to the feature request to include a Daily Profit Limit as well as a Daily Loss Limit in the Strategy Builder.

Deciding on features for future releases is not a simple black and white decision. There are many factors involved including but not limited to:

• Demand which is measured by objective user requests and subjective discretion on the part of our Product Management team.
• Feasibility
• Developer bandwidth
• Current projects in the queue
• Economics

You'll find a note regarding your feature request in the release notes when a feature is implemented.

Let me know if I may assist further.

[Steve4616]

Hello Trader17,

I have received tracking ID# SFT-2936 for this request for a daily loss limit built into NinjaScript Strategies.

Please note it is up to the NinjaTrader Development to decide if or when any request will be implemented.

We appreciate your feedback on this.

Did this ever get developed? If not, can we change the request to include a Daily Profit to it as well. Would be nice to just go to "Options" under "Tools" and select which account, and then a daily profit target and a daily stop loss. If either is met(Realized + Unrealized) then it flattens all positions and disables all the strategies for that account

[NinjaTrader_Jim]

Hello howardtrade,

If you set the strategy to calculate OnPriceChange or OnEachTick, OnBarUpdate will update with each tick or price change after it is processing realtime data. Please note that BarsAgo 0 references would then reflect the developing bar rather than the bar that has just closed. If you need to separate logic in an OnEachTick/OnPriceChange strategy so it happens on bar closures, you can use IsFirstTickOfBar and check BarsAgo 1 references to get the bar close values when a bar closes.

IsFirstTickOfBar - https://ninjatrader.com/support/help...ttickofbar.htm

Without making modifications to DailyLossLimitMultiTradeExample, we do not get an error on line 63 "entryOrders = new Order[3];" This creates an array of orders which is used in the strategy for order tracking. If you would like to learn more about arrays, I suggest reviewing publicly available C# materials on arrays. If you would like to learn more above using Order objects, I suggest reviewing the SampleOnOrderUpdate strategy and associated documentation.

Arrays (publicly available C# resource) - https://www.tutorialspoint.com/csharp/csharp_arrays.htm

SampleOnOrderUpdate - https://ninjatrader.com/support/help...and_onexec.htm

We look forward to assisting.

[howardtrade]

Hi,

Thanks for the example. Just curious if theres a calculate on each tick example available?

Also, can you please explain what this line is for?

entryOrders = new Order[3];

when set to 3, I receive an error in the output window "Error on calling 'OnBarUpdate' method on bar 1934: Index was outside the bounds of the array"

I have 3 entry orders per direction.

when set to 7 the strategy runs, but the results and daily loss math don't seem to add up correctly.

Thanks!

[MathWiz]

I'm looking for a more streamlined version of the max account profit and loss strategy. I start each day with clean new strategy enabled so my currentpnl is always starting at 0. I see there is mention above of a much easier version if each day already starts at 0, but don;t see any link to one. Anyone have one?

[NinjaTrader_Jim]

Welcome to the forums TheTradingNetwork!


There would not be a parameter to add, the logic will have to be created in the Strategy Builder. Please see post 1 for the DailyLossLimitMultiTradeExample_NT8 example to see how this logic can be set up.

We look forward to assisting.

[TheTradingNetwork]

Hey everyone, I'm curious if it's possible to do something like this directly inside the strategy builder without manually coding it? For instance if I have a strategy working properly from the Strategy Builder, is there a way to allow for the ability of a daily loss limit or profit limit with a combination of the strategy builder parameters?

TIA

[NinjaTrader_Jim]

Hello jpatri,

There is no ETA and feature requests are tracked internally as the requests often contain internal discussion which we would not want to have public facing.

Feature Request Disclaimer.

We receive many requests and cannot reasonably implement all requested features or changes. Interest is tracked internally and if enough interest is tracked, it would be weighed against how feasible it would be to make those changes to consider implementing.

When new features are implemented, they will be listed in the Release Notes page of the Help Guide. The ID number will be different than the internal feature request tracking ID, but the description of the feature will let you know if that feature has been implemented.

Release Notes - https://ninjatrader.com/support/help...ease_notes.htm

Let us know if you have any questions.