How to stop trading when my monthly loss over 10%?

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hi everyone,

I wondering is there has a method to control my monthly loss?

for example, I'd like to set maximum 10% loss,

if I had loss 10% money of my account balance this month, then stop trading till next month.

exclude using write a file to record the account balance.

anyone can share how to do this?

thanks a lot!!!

 
jason3000d:

hi everyone,

I wondering is there has a method to control my monthly loss?

for example, I'd like to set maximum 10% loss,

if I had loss 10% money of my account balance this month, then stop trading till next month.

exclude using write a file to record the account balance.

anyone can share how to do this?

thanks a lot!!!

Hi jason3000d

Write AccountBalance to MT GlobalVariableSet and check with MT GlobalVariableGet and TimeMonth.

 
jason3000d:

if I had loss 10% money of my account balance this month, then stop trading till next month.

To be honest, automating this seems to be an overkill. Are you really wanting to look at your account less than once a month. All you need to do is set a extern variable in your account at the beginning of the month. It makes sense on a daily basis where an EA could be trading quickly and even at 2% per trade could kill an account very quickly. But even so, I can't imaging leaving my accounts for more than a day.
 
onewithzachy:

Hi jason3000d

Write AccountBalance to MT GlobalVariableSet and check with MT GlobalVariableGet and TimeMonth.


thank you~ it's helpful.

 
dabbler:
To be honest, automating this seems to be an overkill. Are you really wanting to look at your account less than once a month. All you need to do is set a extern variable in your account at the beginning of the month. It makes sense on a daily basis where an EA could be trading quickly and even at 2% per trade could kill an account very quickly. But even so, I can't imaging leaving my accounts for more than a day.

Hm, well i for example have the live EA's running on a virtual server, all i do is reading the daily update mail, i nearly can't remember when i have logged in to the server the last time.

All that can be automated get's automated. (This for example is one loop and maybe 6 lines of code.)

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