Floating PnL Kill Switch Strategy Diagram
This diagram wraps a CCI return signal in a money-based emergency layer. Entries are visible as limit orders at the hourly close; once unrealized profit reaches either boundary, the diagram cancels every working order before flattening the position at market.
Strategy Overview
- Finished hourly candles feed a 30-period CommodityChannelIndex and provide the limit price through their close.
- A long signal requires the previous CCI below -100 and the current CCI back at or above -100. The short side mirrors the return from above +100.
- Position must be non-positive for a buy and non-negative for a sell, so an opposite signal can reduce an existing position instead of adding in the same direction.
- A fill resets a four-candle cooldown. The capped counter must reach its limit before either entry gate can pass again.
- Order registering posts the accepted signal as a limit order at the finished candle close with price shrinking disabled.
- P&L change compares unrealized profit with +300 and -200. Either result triggers Mass order cancellation and Modify position with ClosePosition.
Entry and Exit Rules
- Long entry: The previous CCI was below -100, the current CCI is at least -100, Position is not long, and four finished candles have elapsed since the latest fill. A buy limit is posted at the current close.
- Short entry: The previous CCI was above +100, the current CCI is at most +100, Position is not short, and the cooldown has elapsed. A sell limit is posted at the current close.
- Exit: There is no price-based take profit or stop. When unrealized P&L reaches 300 or falls to -200, the kill switch first requests cancellation of all working strategy orders and simultaneously sends a market ClosePosition action.
Parameters
| Parameter | Default | Description |
|---|---|---|
| Candle Time Frame | 01:00:00 | Time frame of the finished candles used by CCI, the cooldown, and limit prices. |
| CCI Length | 30 | Number of hourly values in CommodityChannelIndex. |
| CCI Level | 100 | Absolute CCI threshold used symmetrically as +Level and -Level. |
| Signal Cooldown, candles | 4 | Number of completed candles required after the latest fill before another signal may trade. |
| Order Volume | 1 | Quantity of each limit entry order. |
| Target Profit, money | 300 | Unrealized account-currency profit that triggers emergency liquidation. |
| Cut Loss, money | -200 | Unrealized account-currency loss boundary; it is normally negative. |
Diagram Details
- Previous value stores the preceding CCI output, making each entry a return through the threshold rather than a condition repeated throughout an extreme zone.
- The cooldown starts from an actual strategy fill, not from a signal or registration attempt, and its counter is capped at four.
- Limit-at-close entries deliberately expose a pending-order lifecycle. They may remain working, which gives Mass order cancellation meaningful work during liquidation.
- The target and loss values are absolute account-currency amounts from unrealized P&L. They are an emergency overlay around the CCI engine, not percentage price protection.
- Mass cancellation is portfolio-wide for this strategy because no Security or Portfolio filter socket is connected. Modify position then closes whichever side remains open.
Usage
Import the .json file into Designer, run it in the backtester on historical data, then adjust the parameters or the blocks themselves to fit your instrument before trading it live.