This ProBuilder code snippet demonstrates how to implement a trading pause for a specified number of bars after incurring a loss in a trading strategy. The purpose is to avoid entering new trades immediately after a losing trade, which can be part of a risk management strategy.
if not onmarket and onmarket[1] and positionperf(1)<0 then
mybar = barindex[1]
endif
if barindex-mybar>X then
autorisetrading = 1
else
autorisetrading = 0
endif
if autorisetrading then
//ACHAT
if conditionachat then
buy 1 contract at market
endif
//VENTE
if conditionvente then
sellshort 1 contract at market
endif
endif
Explanation of the code:
onmarket[1]), and the last position resulted in a loss (positionperf(1)<0). If these conditions are met, it records the bar index of the last trade's closure in mybar.mybar is greater than X (where X is the number of bars to pause trading after a loss). If true, trading is authorized (autorisetrading = 1); otherwise, it is not authorized (autorisetrading = 0).conditionachat) and one for selling (conditionvente). If the respective condition is true, a trade is executed either by buying or selling short one contract at the market price.This snippet is useful for traders who want to incorporate a cooling-off period into their automated strategies to potentially reduce risk after a losing trade.