Restrict Entry Condition Based on PNL

Raj · July 29, 2020, 9:56am

If I have to stop new positions being taken for the day after PNL becomes greater than Rs 1000, will the following condition in Entry of a Set work?

BindassToka · July 29, 2020, 1:11pm

you have to pnl keyword in universal exit.

Raj · July 29, 2020, 1:25pm

Thanks for the response.
PNL keyword is already used in Universal Exit.
But since the Strategy requires reactivation, new positions are created even after PNL based exit.
I want to avoid new positions being created on reactivation if day’s PNL has crossed a value.
Any inputs?

jumbo2k7 · August 14, 2020, 6:59am

Do Reactivation period as after 6 hrs or 12 hrs in Advanced settings at bottom of strategy creation page.
Tnx,
Good Luck

Ujjwal · August 14, 2020, 10:02am

@Raj did reactivation helped you?

jumbo2k7 · August 14, 2020, 10:25am

Yes, it will reactive that certain period only

Raj · August 18, 2020, 1:10pm

Yes, it did help. Now the strategy runs as expected.

Raj · August 18, 2020, 4:02pm

My doubt was whether a Set’s Exit requires reactivation for the Entry condition to be checked again. That is not required. Only Universal Exit requires reactivation. And since PNL is used in Universal Exit, and reactivation is set to 12 hours, the strategy stops for the day after target PNL is reached.