[cortlane]

I have a TS automated strategy (ES Futures) and would like to have a capability to turn off the automation and stop trading for the day once a certain PROFIT (in dollars) or LOSS is reached during the day.

I found some code in the TS forums that was suppose to accomplish this but it does not seem to work.

Any help/suggestions would be appreciated.

The TS forum code is:

Variables:
NP( 0 ),
OPP( 0 ),
PLB4Today( 0 ),
ProfToday( 0 ),
PTarget( 2000 ),
LLimit( -660 ) ;

NP = NetProfit ;
OPP = OpenPositionProfit ;

If date <> date[1] then
PLB4Today = NP[1] + OPP[1] ;

ProfToday = NP + OPP - PLB4Today ;

If ProfToday >= PTarget or ProfToday <= LLimit then
begin { exit all trades }
Sell this bar close ;
Buy to cover this bar close ;
end
else
begin

//Insert the trading code here

[swansjr]

I don't know about the code you posted, but I use something along these lines:

  If ( date <> date[1] ) Then 
  Begin
     PLB4Today = NetProfit;
    Trade_Flag = true;
  End;

 /// Track Today's P&L
 NP = NetProfit - PLB4Today;
 OPP = OpenPositionProfit;
 ProfToday = NP + OPP ;

 If  ( ProfToday > Profit_Target$) OR (  ProfToday <= -(Day_Loss) ) Then Trade_Flag = false;
 
 If ( Trade_Flag ) Then
 Begin
    // Trade Logic Here
 End
 Else SetDollarTrailing(0); // Exit all trades if any