Tradestation--- DayMaxloss and SetExitOnClose

[feng2088 10]

Hi all,

 

I use the below codes to stop the system from trading for the day if the predefined max loss is hit, but it doesn't seem to be working. I saw the system kept trading even the max loss was hit...any clue? Thanks!

 

 

If Date <> Date[1] then begin
yesterdaynet = Netprofit;
end;

todaynet = Netprofit - yesterdaynet;

If todaynet < neg(DayMaxLoss) and MarketPosition(0) =0 then begin

SetExitOnClose;

end;

[Tams 20]

The following keywords should not be used inside a condition:

 

SetBreakEven

SetDollarTrailing

SetPercentTrailing

SetProfitTarget

SetStopLoss

 

 

These exit instructions are part of the strategy engine.

The orders are posted to broker when there is an open position.

 

The target and stop will be automatically* withdrawn

if the position is closed.

 

 

for more info, read

EasyLanguage Essentials Programmers Guide

Built-in Stops.......... pg. 90

 

Quote:

Built-in Stops

EasyLanguage includes built-in exit commands that may be included directly in your strategies. These special commands will be active even on the bar of entry; that is, they are evaluated on each tick (regardless of any setting for Intrabar Order Generation on the Calculation tab of the Format Strategy dialog). These stops are not written in EasyLanguage, but are part of the strategy engine.