Hello,
I was thinking it might be useful to have a block that would turn off a strategy after a number of losing trades within a certain time period or a number of losing trades in a row. Sometimes conditions are just not right for a particular strategy, but you haven't codified how to avoid those conditions. Just waiting a while might avoid some bad losses.
I was thinking about this when I was working with the "Bars since entry/exit" condition block. I thought it would be useful that instead of just bars since, it could be "bars since losing exit" or something like that.
What do you guys think?
Thanks!
Dandude
I was thinking it might be useful to have a block that would turn off a strategy after a number of losing trades within a certain time period or a number of losing trades in a row. Sometimes conditions are just not right for a particular strategy, but you haven't codified how to avoid those conditions. Just waiting a while might avoid some bad losses.
I was thinking about this when I was working with the "Bars since entry/exit" condition block. I thought it would be useful that instead of just bars since, it could be "bars since losing exit" or something like that.
What do you guys think?
Thanks!
Dandude
Rename
Hi,
How would it resume the trading if no winning trade is made possible because all the trading is turned off?
How would it resume the trading if no winning trade is made possible because all the trading is turned off?
The suggestion was "within a certain time period", or window. As you move forward, the lookback won't have as many losers. So the condition could have options for
X Losing (or Winning) Trades within:
1. a specific "Cool-Off" period (expressed in Y Trading Days)
OR,
2. within the last Z bars
You'd need to drop the Logical Inverter on the condition, or maybe just include it by default.
X Losing (or Winning) Trades within:
1. a specific "Cool-Off" period (expressed in Y Trading Days)
OR,
2. within the last Z bars
You'd need to drop the Logical Inverter on the condition, or maybe just include it by default.
Sans building more Blocks (pun intended), you could use the "Trade Outcome" PosSizer from the PowerPack to achieve a similar goal. The PosSizer can be configured to reduce the position size if previous trade is a loser. And if its "Cumulative" option is activated, a losing streak would further decrease the position size. For more details, Help > Extensions > Power Pack > Position Sizers > Trade Outcome.
Your Response
Post
Edit Post
Login is required