Stopping a strategy after consecutive losers
Trending days or ranging days can make or break a strategy. If you have a system that does extremely well on trending days, you may look for a way to turn that system off during range-bound days. A simple filter you may use could be something like, “If the last three trades were consecutive losers, stop trading for the rest of the session.”
Key concepts in this example
- Obtaining previous trade information to decide whether or not to keep trading for the day
Important related documentation
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*This reference sample uses the .AllTrades property. This property will include all historical virtual trades as well as real-time trades. If you wish to only make calculations based on real-time trades you can use the .RealtimeTrades property.*
Import instructions
- Download the file contained in this Help Guide topic to your PC desktop.
- From the Control Center window, select the menu Tools > Import > NinjaScript.
- Select the downloaded file.