1 short and 1 long per day max

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03/08/2024 at 12:29 PM #229456 quote

Tropic
Participant

New

Hi, is there a way to limit 1 short trade or 1 long trade per day?

I know that it is possible to code a strategy by limiting it to 1 trade per day by using and playing around with the “barindex” functions.

But I specifically only need the strategy to perform a maximum of 1 short trade per day or 1 long trade per day (so in total maximum 2 trades per day),
and I can’t figure out how to do it, is it possible to do it somehow?

thanks in advance for the help

03/08/2024 at 12:37 PM #229458 quote
robertogozzi
Moderator

Legend
There you go:
```
MaxTrades = 1
IF IntraDayBarIndex = 0 THEN
   LongTally  = 0
   ShortTally = 0
ENDIF
IF myLongConditions  AND LongTally < MaxTrades THEN
   BUY 1 Contract at Market
   LongTally = LongTally + 1
ENDIF
IF myShortConditions AND ShortTally < MaxTrades THEN
   SELLSHORT 1 Contract at Market
   ShortTally = ShortTally + 1
ENDIF
```
you may set MaxTrades to 2, to allow 2 trades for each direction, etc…
03/13/2024 at 10:48 AM #229679 quote

Tropic
Participant

New

thx Roberto this should work fine.

03/13/2024 at 11:46 AM #229688 quote

justisan
Participant

Senior

hi, I found it also very useful to use below functions, especially if one triggers entries not “at market” but with “stop” (or “limit”):

if longtriggered = 1 then…

if shorttriggered = 1 then…

cheers

justisan

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1 short and 1 long per day max

ProBuilder: Indicators & Custom Tools

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Author

Tropic @tropic Participant

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This topic contains 3 replies,
has 3 voices, and was last updated by justisan
2 years, 6 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	03/08/2024
Status:	Active
Attachments:	No files

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