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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

•Performance
•Trade class
•TradeCollection class
•EnterLong()
•ExitLong()
•FirstBarOfSession
•FirstTickOfBar

 

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 File > Utilities > Import NinjaScript
3.Select the downloaded file and click Import.

 

SampleTradeObjects_NT7.zip