Stop-trading-for-x-bars-when-Drawdown-reaches-y-in-Portfolio-backtest

You'd use CurrentEquity, and calculate a drawdown by using a local variable in the Execute to track the highest equity. The current drawdown is CurrentEquity - equity high.

Example:

CODE:

using WealthLab.Backtest;
using System;
using WealthLab.Core;
using WealthLab.Data;
using WealthLab.Indicators;
using System.Collections.Generic;

namespace WealthScript1 
{
    public class MyStrategy : UserStrategyBase
    {
        //create indicators and other objects here, this is executed prior to the main trading loop
        public override void Initialize(BarHistory bars)
        {
         rsi4 = RSI.Series(bars.Close, 4);
         PlotIndicator(rsi4);
         dd = new TimeSeries(bars.DateTimes);
         PlotTimeSeries(dd, "Drawdown", "DD", WLColor.Red, PlotStyle.Mountain);
        }

        //execute the strategy rules here, this is executed once for each bar in the backtest history
        public override void Execute(BarHistory bars, int idx)
        {
         if (CurrentEquity > equityHigh)
            equityHigh = CurrentEquity;
         double drawdown = CurrentEquity - equityHigh;
         dd[idx] = drawdown;
         
            if (!HasOpenPosition(bars, PositionType.Long))
            {
            //code your buy conditions here
            if (rsi4[idx] < 40)
               PlaceTrade(bars, TransactionType.Buy, OrderType.Market, 0);
            }
            else
            {
                //code your sell conditions here
            if (rsi4[idx] > 60)
               PlaceTrade(bars, TransactionType.Sell, OrderType.Market, 0);
            }
        }

      //declare private variables below
      private RSI rsi4;
      private TimeSeries dd;
      private double equityHigh = Double.MinValue;
    }
}