Do not take a trade for x bars after trade closed

richarjo · 2019-05-02T10:34:48+00:00

Hi. I am unfamiliar with coding and am still trying to learn PRT, and I have a problem with an algo that I am working on. My problem as follows: When taking buy/sell orders, the algo will e.g take the buy order, and at a point sell at market when the sell criteria have been met. (and vice versa for sell orders) The problem that arises is when the candles go into a small range, the algo continues to buy/sell contracts. Is there a way of coding to prevent this from happening? e.g. Do not take a long for x bars after the long contract has been sold and the opposite for short orders? Any help is appreciated Regards

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05/02/2019 at 11:34 AM #97518 quote

richarjo
Participant

Senior

Hi.

I am unfamiliar with coding and am still trying to learn PRT, and I have a problem with an algo that I am working on. My problem as follows:

When taking buy/sell orders, the algo will e.g take the buy order, and at a point sell at market when the sell criteria have been met. (and vice versa for sell orders)

The problem that arises is when the candles go into a small range, the algo continues to buy/sell contracts.

Is there a way of coding to prevent this from happening? e.g. Do not take a long for x bars after the long contract has been sold and the opposite for short orders?

Any help is appreciated

Regards

05/02/2019 at 11:59 AM #97525 quote
robertogozzi
Moderator

Legend
You need to count bars elapsed after a trade ended:
```
ONCE WaitBars = 10   
ONCE TradeON  = 1     //1=enable trading   0=disable trading
ONCE Count    = 0     //tallies bars as they elapse after a trade exits
IF Count > 0 THEN
   Count = Count + 1  //tally bar after bar
ENDIF
IF Not OnMarket AND OnMarket[1] THEN  //as soon as a trade exists start tallying
   Count   = 1                        //set counter to 1 to start tallying
   TradeON = 0                        //disable trading
ENDIF
IF Count > WaitBars THEN   //after desired number of bars elapsed reenable trading
   Count   = 0             //clear counter
   TradeON = 1             //enable trading
ENDIF
IF MyConditions AND Not OnMarket AND TradeON THEN //add TradeON to your conditions
   BUY/SELLSHORT...
ENDIF
```
05/02/2019 at 12:54 PM #97531 quote

richarjo
Participant

Senior

Thank you for the displayed code Robert, I have incorporated it into my algo. However it has a problem with the “TradeOn” instruction which in the error message states SYNTAX ERROR: THIS VARIABLE IS NOT USED IN THE CODE:TRADEON

Regards

05/02/2019 at 1:33 PM #97536 quote

robertogozzi
Moderator

Legend

Use it like I did in line 15.

05/02/2019 at 3:39 PM #97551 quote

richarjo
Participant

Senior

Thanks Robert, It works great

Regards

05/02/2019 at 4:34 PM #97556 quote

Vonasi
Moderator

Master

richarjo – Please use topic titles that actually mean something to help others know what your topic is about. I have changed your topic title from ‘Code’ to something more meaningful. 🙂
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ProOrder: Automated Strategies & Backtesting

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This topic contains 5 replies,
has 3 voices, and was last updated by Vonasi
7 years, 5 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	05/02/2019
Status:	Active
Attachments:	No files