Dailylosers(Function) not working properly?

[hizhik]

Hey, guys!
I wanted to solve a simple problem but can't get through for several days. I want to limit trading activity of my system depending on dailylosers. But it turned out that this fuction is not working properly, or what is more likely to be true - i'm a bit slow
I simply want to built an indicator first:
_________________________
Value1=DAILYLOSERS(DATE);
PLOT(Value1, "DAilyLosers");
_________________________
But when I apply this indicator to my strategy it returns a zero line.
Then I started to dig into the function DAILYLOSERS and it seemed pretty strange to me, I mean the way it is written.
I would be grateful if you hint how to identyfy the number of losing trades for each day.

Thank you
PS my system works intraday

 

[prathapjay]

Hi hizhik,

The DailyLosers function only works in a Strategy or a called Function within a Strategy, and will not work in any other indicator or analysis technique study type.

Thanks

Prathapjay

 

[hizhik]

Hi, Prathap!
Thank you for your answer.

The thing is that I want to make an indicator first that would show the number of losing trades for each day. It will return to 0 each time the new day starts. In my region the market starts at 10:00.

Next I would like to insert the following logic into my trading strategy:
___________
If the number of losing trades a day is more than a desired number (i.e.5) - then stop trading for today (do not open new trades). The next trade can be done only tommorrow.
___________
My variant was:
____________
inputs: SD(5);
vars: stopdate(0);

if DAILYLOSERS(Date)=SD then
begin
StopDAte=date;
end;
if {some open conditions and} date>StopDate then buy next bar at open;
_______________
But it did not work properly((

Alex

Hi Hizhik,

The DailyLosers function only works in a Strategy or a called Function within a Strategy, and will not work in any other indicator or analysis technique study type.

It can be programmed with some different logic if you provide the plotting rules.

Thanks

Prathap