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MT4 EA drawdown per day
عضو منذ Jan 25, 2017
12 المشاركات
Feb 02, 2017 at 09:09
عضو منذ Jan 25, 2017
12 المشاركات
Lets say I have an EA applied to an H1 chart.
How would I calculate the drawdown for that day?
Eg.
On Tick:
If (Today is a New Day) then
dailyDrawdown is 100.0
thisMorningsWorth = netAssetValue()
Else
dailyDrawdown = netAssetValue() / thisMorningsWorth
End
If (dailyDrawdown < 0.95) then
chillForToday()
Else
MakeThoseTrades()
End
What's the best way to set this sort of thing up?
How would I calculate the drawdown for that day?
Eg.
On Tick:
If (Today is a New Day) then
dailyDrawdown is 100.0
thisMorningsWorth = netAssetValue()
Else
dailyDrawdown = netAssetValue() / thisMorningsWorth
End
If (dailyDrawdown < 0.95) then
chillForToday()
Else
MakeThoseTrades()
End
What's the best way to set this sort of thing up?
عضو منذ Nov 21, 2011
1601 المشاركات
Feb 02, 2017 at 17:01
عضو منذ Nov 21, 2011
1601 المشاركات
Hi,
I calculate Daily_Profit.
Then
Make it %:
Daily_Profit / (Daily_Profit-AccountBalance() * 100
if Daily_Profit_Pourcentage > - x%... then trade.
I calculate Daily_Profit.
Then
Make it %:
Daily_Profit / (Daily_Profit-AccountBalance() * 100
if Daily_Profit_Pourcentage > - x%... then trade.
عضو منذ Jan 25, 2017
12 المشاركات
Feb 03, 2017 at 07:51
عضو منذ Jan 25, 2017
12 المشاركات
Sketching this out, maybe something like:
--------------------
extern int defaultMaxOrders = 1;
extern double dailyLossLimit = 0.95;
extern double dailyProfitLimit = 1.05;
int today;
double dailyEquity;
double dailyProfit;
bool chillMode = false;
void newDay() {
today = TimeDayOfWeek(TimeCurrent());
dailyEquity = AccountEquity();
chillMode = false;
}
void OnInit() {
today = TimeDayOfWeek(TimeCurrent());
dailyProfit = 1.0;
dailyEquity = AccountEquity();
}
void OnTick() {
if (today != TimeDayOfWeek(TimeCurrent())) {
newDay();
} else {
if (AccountEquity() / dailyEquity > dailyProfitLimit || AccountEquity() / dailyEquity < dailyLossLimit) {
chillMode = true;
closeAll();
}
}
if (openOrders(Symbol()) < defaultMaxOrders && chillMode == false) {
if (isNewCandle()) { makeSomeGoodTrades(); }
}
}
--------------------
?
--------------------
extern int defaultMaxOrders = 1;
extern double dailyLossLimit = 0.95;
extern double dailyProfitLimit = 1.05;
int today;
double dailyEquity;
double dailyProfit;
bool chillMode = false;
void newDay() {
today = TimeDayOfWeek(TimeCurrent());
dailyEquity = AccountEquity();
chillMode = false;
}
void OnInit() {
today = TimeDayOfWeek(TimeCurrent());
dailyProfit = 1.0;
dailyEquity = AccountEquity();
}
void OnTick() {
if (today != TimeDayOfWeek(TimeCurrent())) {
newDay();
} else {
if (AccountEquity() / dailyEquity > dailyProfitLimit || AccountEquity() / dailyEquity < dailyLossLimit) {
chillMode = true;
closeAll();
}
}
if (openOrders(Symbol()) < defaultMaxOrders && chillMode == false) {
if (isNewCandle()) { makeSomeGoodTrades(); }
}
}
--------------------
?
عضو منذ Nov 21, 2011
1601 المشاركات
Feb 03, 2017 at 09:45
عضو منذ Nov 21, 2011
1601 المشاركات
You can handle it.
Make backtest to check the behaviour is correct.
You can also print when Chillmode is true."No more trading... Loss <-5 or Profit >5"
Make backtest to check the behaviour is correct.
You can also print when Chillmode is true."No more trading... Loss <-5 or Profit >5"
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