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Stop Trading Based on Your Portfolio Equity Return

by Patrick Fonce, 2045 days ago
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If your portfolio or trading system performance decreases below a specific threshold then this money management script will automatically stop (pause) your strategy (by not taking more positions) for a specified number of trading bars. The stop threshold and the number of trading bars are two money management variables than you can change and optimize directly from the simulator manager.
Add this money management script to your trading system then you will see the "Stop Perc." and "Bars" variables appear under the "Money Management Variables" control of the simulator form.

How it works:
For each trading bar, the script monitors the 25-bar rate of return of the portfolio equity using the "Portfolio.GetReturn" function.
If the performance becomes lower than the threshold limit then all the current trading positions are exited (sold or bought depending on whether you are long or short the position)
In addition, the money management script will instruct the backtester that it should not take new orders for the specified number of trading bars

Note that you can also optimize the "25-bar" rate of return by modifying the script. For this, you must add a new variable in the "OnStartSimulation" event using the "Functions.SetNumericInput" function.


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Type: Advanced Money Management

Object ID: 1189


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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.