Pine Script Consecutive Loss Stop

Halts new entries after N losing trades in a row — the code-level version of walking away from the desk.

Copy//@version=6
strategy("Consecutive Loss Stop", overlay=true, calc_on_every_tick=false)

// ── Inputs ──────────────────────────────────────────────
maxLosses  = input.int(3, "Max Consecutive Losses", minval=1)
resetDaily = input.bool(true, "Reset Streak at Session Open")

// ── Loss streak tracking ─────────────────────────────────
var int  lossStreak = 0
var bool haltActive = false

if resetDaily and session.isfirstbar_regular
    lossStreak := 0
    haltActive := false

if strategy.closedtrades > strategy.closedtrades[1]
    lastProfit = strategy.closedtrades.profit(strategy.closedtrades - 1)
    lossStreak := lastProfit < 0 ? lossStreak + 1 : 0

if lossStreak >= maxLosses
    haltActive := true

// ── Entry logic (replace with your own conditions) ───────
longCondition  = ta.crossover(ta.ema(close, 9), ta.ema(close, 21)) and not haltActive
shortCondition = ta.crossunder(ta.ema(close, 9), ta.ema(close, 21)) and not haltActive

if longCondition
    strategy.entry("Long", strategy.long)
    strategy.exit("Long Exit", "Long", profit=20, loss=10)

if shortCondition
    strategy.entry("Short", strategy.short)
    strategy.exit("Short Exit", "Short", profit=20, loss=10)

// Visual
bgcolor(haltActive ? color.new(color.red, 88) : na, title="Loss Halt Active")

Settings

• maxLosses — losing trades in a row that trigger the halt. Default 3.
• resetDaily — reset the streak and halt at each session open. Default on.

How to use

• Paste into the Pine Editor and replace the EMA-crossover placeholder with your own entry conditions.
• With resetDaily off, the halt persists across sessions until a winning trade would have reset the streak — stricter, but closer to "stop and review".
• Wins reset the streak to zero; scratches (exactly $0) also reset it.
• Pair with the daily kill switch — the loss stop catches streaks, the kill switch catches total dollars.

Frequently Asked Questions

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