MT4 EA drawdown per day

fxftw

Tham gia từ Jan 25, 2017 12bài viết

Feb 02, 2017 at 09:09

Tham gia từ Jan 25, 2017 12bài viết

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?

CrazyTrader

Tham gia từ Nov 21, 2011 1601bài viết

Feb 02, 2017 at 17:01

Tham gia từ Nov 21, 2011 1601bài viết

Hi,

I calculate Daily_Profit.

Then
Make it %:
Daily_Profit / (Daily_Profit-AccountBalance() * 100

if Daily_Profit_Pourcentage > - x%... then trade.

fxftw

Tham gia từ Jan 25, 2017 12bài viết

Feb 03, 2017 at 07:51

Tham gia từ Jan 25, 2017 12bài viết

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(); }
}
}
--------------------
?

CrazyTrader

Tham gia từ Nov 21, 2011 1601bài viết

Feb 03, 2017 at 09:45

Tham gia từ Nov 21, 2011 1601bài viết

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"

EURUSD	1.13599	GBPUSD	1.33336	AUDUSD	0.63801
USDJPY	142.961	USDCAD	1.38286	USDCHF	0.82335

Advertisement