Max DD Per Day

[Anon]

Max DD Per Day

1. Max DD > 3% Close All ( No trade Day ) .
2. Start Trade Agin Next day .
3. Reset DD Day

[jstap]

@anon Divide balance by 100 multiply by 3, in value for a seperate variable put this (-variable1), use this variable in check profit (period of time) conected to a close block, Copy these blocks abovr buy/sell tree, > for buy/sell tree=< for close.

[CPxiom]

@anon As jstap said, but make first a variable (InitialDayBalance), under a once per day block, at some hour, after midnight, or how it suits you. Then, do the formula as it was specified, put the 3% (which can be a constant) value in a variable (MaxLoss), subtract this (MaxLoss) amount from (InitialDayBalance), put the result in another variable (MaxLossBalance). Then you can make a Boolean variable (TradingTorF) which is false if Balance < MaxLossBalance.

Then condition block in the trades tree, to check the boolean to be true. Also you can do Equity<MaxLossBalance, close trades.