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MT4 EA drawdown per day
Feb 02, 2017 at 09:09
Membre depuis Jan 25, 2017
posts 12
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?
Membre depuis Nov 21, 2011
posts 1718
Feb 02, 2017 at 17:01
Membre depuis Nov 21, 2011
posts 1718
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.
Feb 03, 2017 at 07:51
Membre depuis Jan 25, 2017
posts 12
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(); }
}
}
--------------------
?
Membre depuis Nov 21, 2011
posts 1718
Feb 03, 2017 at 09:45
Membre depuis Nov 21, 2011
posts 1718
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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