Hi guys,

So I’ve made numerous portfolios which are performing very well which are based on M5 on forex majors running tight stops and trading particular sessions.

Problem I have is I can generate a ton of profit as the days pass but when the market moves sharply I have a huge amount of strategies open trades in the opposite direction which leads to huge drawdowns. Ie unexpected news etc. I never trade on major news days due to the volitility of the market however I cannot prevent these major drawdowns on unforeseen news.

I’m wondering if someone can help me code a way that if a portfolio is already in the negative by X% of account balance do not open any new trades for N number of bars.

The ability to do this would be hugely advantageous to all of us as I know many of us are now running ‘netting’ type portfolios that almost act as a grid trading system