This code snippet demonstrates how to limit the number of trades executed per day in a trading strategy using the ProBuilder language. The example provided sets a maximum of two trades per day, but this can be adjusted by changing the comparison value.
If STRATEGYPROFIT <> STRATEGYPROFIT[1] Then
Count = Count + 1
Endif
If Count < 2 Then
' Execute trade logic here
Endif
This snippet is part of a larger trading strategy script where Count is used to track the number of trades executed within the day. Here’s a breakdown of how it works:
STRATEGYPROFIT) is different from the strategy profit of the previous bar (STRATEGYPROFIT[1]). This difference indicates a new trade has been executed.Count) is incremented by 1.Count is less than 2, ensuring that no more than one trade has been executed already.This approach helps in managing risk and adhering to specific trading constraints by limiting the number of trades per day. Adjusting the comparison value in line 4 allows for different daily trade limits.
Check out this related content for more information:
https://www.prorealcode.com/topic/breakout-strategy-coding-help/#post-146315
Visit Link