If you want to limit your daily loss or retain your peak profit for the day, you will need to follow this method with an automated strategy bot. If not, you will have a very volatile equity curve which is what you don’t want. I would think you will need to do this to achieve your equity curve goals. Let me know via social or email that your want this 45 minute video.
Do realize the concepts used are from the this Python trading course I developed
https://quantlabs.net/python3/
https://quantlabs.net/blog/2019/10/equity-curve-lesson-limit-your-daily-cap-or-loss-for-your-trading-session/