close strategy after profit/ number of trades

alejandrocorbut · 2022-04-25T08:16:09+00:00

how does one set up the strategy to stop trading after 1 profitable trade/ a certain number of trades?

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04/25/2022 at 9:16 AM #192176 quote

alejandrocorbut
Participant

New

how does one set up the strategy to stop trading after 1 profitable trade/ a certain number of trades?

04/25/2022 at 9:41 AM #192180 quote
robertogozzi
Moderator

Legend
To stop trading after 1 profitable trade:
```
ONCE TradeON = 1
IF IntraDayBarIndex = 0 THEN
   TradeON = 1
ENDIF
IF StrategyProfit > StrategyProfit[1] THEN
   TradeON = 0
ENDIF
IF MyConditions AND TradeON THEN
   BUY/SELLLSHORT....
ENDIF
```
To stop after a certain number of trades:
```
ONCE MaxTrades = 3
ONCE Tally     = 0
IF IntraDayBarIndex = 0 THEN
   Tally = 0
ENDIF
IF StrategyProfit <> StrategyProfit[1] THEN
   Tally = Tally + 1
ENDIF
IF MyConditions AND Tally < MaxTrades THEN
   BUY/SELLLSHORT....
ENDIF
```
04/25/2022 at 9:54 AM #192186 quote

alejandrocorbut
Participant

New

awesome. thank you

05/11/2022 at 11:16 AM #193053 quote

alejandrocorbut
Participant

New

how does one combine these 2 pieces of code so that the maximum number of trades is 2 but the system will stop after 1 profitable trade. So that if first trade is profitable, the second wont happen but if first is a loser then 1 more trade will be allowed

05/12/2022 at 9:05 AM #193088 quote
robertogozzi
Moderator

Legend
There you go:
```
ONCE TradeON   = 1
ONCE MaxTrades = 3
ONCE Tally     = 0

IF IntraDayBarIndex = 0 THEN
   TradeON = 1
   Tally   = 0
ENDIF

IF StrategyProfit > StrategyProfit[1] THEN
   TradeON = 0
ENDIF

IF StrategyProfit <> StrategyProfit[1] THEN
   Tally = Tally + 1
ENDIF
IF MyConditions AND Tally < MaxTrades AND TradeON THEN
   BUY/SELLLSHORT....
ENDIF
```
05/31/2022 at 3:46 PM #194309 quote

alejandrocorbut
Participant

New

roberto

thank you for this! i am learning fast!!

i applied the code to my strategy but it still does more than the maximum of 2 trades per day and it isnt stopping once profitable. have i put it in wrong?

attached is list of orders and code

alex

trades.jpg code.jpg

05/31/2022 at 5:10 PM #194327 quote

robertogozzi
Moderator

Legend

It open as many trades as MAXTRADES. It’s 3 now, but you can change it as needed.

05/31/2022 at 5:15 PM #194329 quote

alejandrocorbut
Participant

New

…but on 12th , there were 6 trades, so not sure code is working

05/31/2022 at 6:05 PM #194340 quote
robertogozzi
Moderator

Legend
This code is working as expected on DAX, 1-min, 5-min, 15-min TFs, etc…
```
DEFPARAM CumulateOrders = False
ONCE TradeON   = 1
ONCE MaxTrades = 3
ONCE Tally     = 0
 
IF IntraDayBarIndex = 0 THEN
   TradeON = 1
   Tally   = 0
ENDIF
 
IF StrategyProfit > StrategyProfit[1] THEN
   TradeON = 0
ENDIF
 
IF StrategyProfit <> StrategyProfit[1] THEN
   Tally = Tally + 1
ENDIF

MyConditions = (average[20] CROSSES UNDER average[100]) AND Not OnMarket
IF MyConditions AND Tally < MaxTrades AND TradeON THEN
   SELLSHORT 1 contract at Market
ENDIF
SET TARGET pPROFIT 60
SET STOP   pLOSS   60
//
graph Tally
```
I suggest that you either post your code, or use mine, simply replacing MyConditions with yours.
06/01/2022 at 7:43 AM #194374 quote

alejandrocorbut
Participant

New

amazing!! thank you for your time and patience!

alex

06/07/2022 at 12:59 PM #194846 quote

alejandrocorbut
Participant

New

hi roberto

1 more question……!

i have 2 strategies that i have made/ am using with a degree of success and they are both good on back testing. I would like another set of eyes to have a look at them and see where i can improve them. Would be happy to pay for that service! is there anyone you could recommend? would you have a look? should i just post them on a forum and see what people say?! alex

06/07/2022 at 1:15 PM #194847 quote

robertogozzi
Moderator

Legend

You can either post your code or apply for paid services at https://www.prorealcode.com/trading-programming-services/
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