How to set a max daily loss in PRT ProOrder, and position sizing

[Nickodemus]

Hi,

Is there a way to set a max daily loss in automated trading with PRT ProOrder?  i.e. Automate the strategy, but kill it each day if cumulative daily losses hit % of equity.

 

Also, struggling to work out how to set a position size based on % of available equity?

 

Any help would be greatly appreciated - the 'programming' seems very limited in it's functions compared with the likes of Pine. (Or maybe i'm just being ignorant...)

 

Many thanks

[StephenP]

Hi Nickodemus,

Yes you can do both with a small amount of code.  You can also limit the amount trades and risk the algo can do in a given period.

I code many algo's and use them on a daily basis so happy to help if you haven't already sort.  It is best to use the PRT community as this is where all the cders reside.  DM me on that and I am happy to share some code.

 

Steve

[Nickodemus]

On 08/04/2023 at 19:49, StephenP said:

Hi Nickodemus,

Yes you can do both with a small amount of code.  You can also limit the amount trades and risk the algo can do in a given period.

I code many algo's and use them on a daily basis so happy to help if you haven't already sort.  It is best to use the PRT community as this is where all the cders reside.  DM me on that and I am happy to share some code.

 

Steve

Hi Steve,

Thanks for the tip - I can't figure out how to DM you on here... (historically not a big forum user), but I'd be very grateful for specifics on how to achieve what you're suggesting with the code. I have also now joined the PRT forum (under the same username)

 

Many thanks

[StephenP]

Apologies for the delay.  I don't really use this.  You can follow finf me on PRT, https://www.prorealcode.com/user/smpaxton/?view=posts

Happy to answer all you questions, I am a power user and tester on PRT and write many bots as well as run a trading group where we use all the PRT functions to screen trades so PRT finds the trades for use so we can trade or let the bots trade for us.

Steve