This ProBuilder code snippet demonstrates how to implement a trading strategy that waits for a specific number of bars and a price movement condition before placing another trade after a loss. This approach can help in managing risk and avoiding immediate re-entry into the market under unfavorable conditions.

IF c1 AND NOT LongOnMarket THEN
    BUY 2 PERPOINT AT MARKET
ENDIF

//let's add another order while price continue to move lower (more than 10 points) than the last order taken with a condition of 5 bars elapsed since then
IF BARINDEX-TRADEINDEX(1)>20 AND Close-TRADEPRICE(1)>20 AND LongOnMarket THEN
    BUY 2 PERPOINT AT MARKET
ENDIF

The code snippet includes two main conditional statements that control when trades are placed:

• Initial Trade Condition: The first IF statement checks if a certain condition c1 is true and ensures that there is no long position currently open in the market (NOT LongOnMarket). If both conditions are satisfied, a new trade is initiated by buying 2 points per point at the market price.
• Re-Entry Condition: The second IF statement adds complexity by introducing a time delay and a price movement condition for re-entry. It checks if:
  • More than 20 bars have passed since the last trade (BARINDEX-TRADEINDEX(1) > 20).
  • The current closing price has moved more than 20 points from the last trade price (Close-TRADEPRICE(1) > 20).
  • A long position is currently open in the market (LongOnMarket).

  If all these conditions are met, another trade is placed to buy 2 points per point at the market price.

This example is useful for understanding how to control trading actions with both time and price conditions, potentially increasing the strategy’s effectiveness by avoiding immediate re-entry into a losing position.