Trade limit protifable or not
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Hi guys,
is there a way to implement a daily trade limit of max trades but with daily max loss and daily max win limit?
Furthermore i would it to use mainly 2 trades allowed per day butCurrently using 1% of account as Risk per Trade.
Because i'm also using trailing stop it dont have to be always exact 2* % win rate.
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if condition should be if at any trades it makes more than 1000$ per day it should stop
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if first trade was proftiable but under daily win limit it is allowed to take another trade
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if first trade was a minus, it is allowed to take another trade, if 2. trade was profitable it should stop, if 2. trade was unprofitable it should also stop.
Thx
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You will have to set up trees doing this, on trade, trade closed, check profit of last closed, count into a win/loss variable. When a trade placed count into a variable, check profit over period of time above buy/sell, these are the general principles, set up and test, start with one concept, when working, add others.
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Hi,
yes just like a daily loss and win filter to prevent overtrading.
with trees you just mean to connect something with the is true or false band right? orange and yellow.
Or do you mean to create an area?
With On trade you mean upper column next to on tick like on the screenshot?
If i got you right,
this whole rules needed to be placed under On Trade right or do i need to connect i again with the entry criteria?
https://fxdreema.com/shared/3ffL1Eape
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By trees I mean a separate set of blocks, doing one job, you can then read the result in another tree. Light pink only goes under dark, they are like a 2 block set up to make one.
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OK, so you mean like normally connecting a No trade-> condition-> Buy/sell block for example i guess? This is called tree.
Just connecting blocks by the orange lines.
https://fxdreema.com/help/working-with/money-management
Do you mean this pink ones under On Trade section like on the screenshot?
Sorry, what do you mean by dark ones, couldn't find those.
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Position created is purple, they can be singular. Check loss is light pink, this needs to be under dark. In the instructions is what I am classing as trees.
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You mean this one right?
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No all blocks normally need to connected to something, there is a general logic, blocks(s) do something, then connect to other blocks to do something else, you stop the tree when all has been completed
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Hi, so would make it on Trade section 1 to check for daily trade limit adn one for daily win or loss limit right?
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Check trades closed -> max daily limit is equal or greater than 2.
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check profit of last closed/ Check loss of last closed -> count win/ loss trades.
As you mentioned they would be trees and would work congruent without the need to be connectet by orange line?
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Show me a new shared link.
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Read what I put above,, light pink only work under dark, they are 2 blocks to make one.
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Hi, yes ok, but still dont understand what you mean by dark.
Cant find any dark blocks on the left side.
You mean drag-able blocks like conditions for instance?
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There are 2 shades of pink (for each are darker):
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Ah i see. Thank you.
So in your example you said i still would need to switch it, so pink with white font needs to be below black font?
Is a loop then automatically reacting to any open trade or do i need it like in your example to connect for both buy and sell with "for each trade"?
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For each would select the trades with set parameters, the next would do something you want with the trades.
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Ok so for each would be enough if it should check if either trades number or daily loss and win limit would count?
As i get it a loop is recurring and then would start again for the new cycle for every day in this example right?
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Yes but then you would need another block, to check this
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Hi,
so if i get you right it would be a third column to check either daily max trade limit and daily loss and profit limit where it says if true-> no more trades for this day.
So a if one of these is true function it blocks to trade for this day.
If true dont pass.
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You would need to create other trees, so you have total won & lost, in money and trades, then above buy and sell use a condition to check these values.
