1 short and 1 long per day max

• 03/08/2024 at 12:29 PM #229456
  Tropic

  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

  

  Tropic

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

  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

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  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…

   

  

  robertogozzi

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  03/13/2024 at 10:48 AM #229679
  Tropic

  thx Roberto this should work fine.

  

  Tropic

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

  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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  robertogozzi

  

  justisan

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