close strategy after profit/ number of trades

• 04/25/2022 at 9:16 AM #192176
  alejandrocorbut

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

  

  alejandrocorbut

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

  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

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  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

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  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

   

   

  

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  04/25/2022 at 9:54 AM #192186
  alejandrocorbut

  awesome. thank you

  

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

  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

   

  

  alejandrocorbut

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

  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

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  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

  

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  05/31/2022 at 3:46 PM #194309
  alejandrocorbut

  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

   

   

   

   

  

  alejandrocorbut

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

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

   

  

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

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

  

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

  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

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  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.

  

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  06/01/2022 at 7:43 AM #194374
  alejandrocorbut

  amazing!! thank you for your time and patience!

   

  alex

   

  

  alejandrocorbut

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

  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

  

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

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

   

  

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