Maximum daily loss and daily profit alert & action

I would like to see a way (in the BH s/w) how a trader can "tell" to the system to (automatically) STOP trading (by closing all the pending orders, etc) when a maximum daily profit or a maximum daily loss is reached on the fly or after the close of the current bar. This presumably would require the trader to be able to have the flexibility to determine, write and set a certain amount of $$ (as the maximum daily profit/loss). If the system exceeds this level, but the trader wants to continue Trading then he will certainly have the flexibility/ability to set (manually, after a Special alert) the same or another level of maximum daily profit/loss. I can imagine this feature to be incorporated and presented in a new type of "Alert Node" showing these levels (max, daily profit/loss) that can be handled and controlled by the trader.

This would b extremely helpful for ALL traders.

 
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4 Comments

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    Eric Heineken

    sounds like a good idea..

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    Mikhael Bittan

    I can’t wait for this feature – Does anybody knows if there is a way to achieve this?

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    Torfinn Sörnes

    Would be a very useful tool!

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    Keith Wolf

    We totally agree this would be useful.  It can't be achieved right now since this would need to be built into the Strategy (e.g. Raven).  We are currently working on a new Strategy product which is far more powerful than Raven.  It will include, among other commonly desired features, the ability to set a daily max profit/loss.  As of March 2016 we don't have an ETA for when this new product will be released, but it's our main focus at the moment.

    Keith
    support@sharkindicators.com

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