Define trade waiting period

• 03/17/2020 at 2:50 PM #122348
  deletedaccount14122020

  Hello,

  After closing a trade I would like my system to wait two periods before it can open a new trade in the same market.

  At the moment it can open a new trade at the same time it closes the old.

  Any help would be appreciated.

  

  deletedaccount14122020

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  03/17/2020 at 3:04 PM #122350
  robertogozzi

  To close an open trade to start a new one:

  IF MyLongConditions THEN //LONG IF LongOnMarket THEN SELL AT MARKET //close any open LONG position ENDIF BUY 1 CONTRACT AT MARKET //close any SHORT open position and enter a new LONG one ENDIF IF MyShortConditions THEN //SHORT IF ShortOnMarket THEN EXITSHORT AT MARKET //close any open SHORT position ENDIF SELLSHORT 1 CONTRACT AT MARKET //close any LONG open position and enter a new SHORT one ENDIF

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  IF MyLongConditions  THEN          //LONG    IF LongOnMarket  THEN       SELL AT MARKET               //close any open LONG  position    ENDIF    BUY 1 CONTRACT AT MARKET        //close any SHORT open position and enter a new LONG one ENDIF IF MyShortConditions THEN          //SHORT    IF ShortOnMarket THEN       EXITSHORT AT MARKET          //close any open SHORT position    ENDIF    SELLSHORT 1 CONTRACT AT MARKET  //close any LONG open position and enter a new SHORT one ENDIF

   

  

  robertogozzi

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  03/17/2020 at 3:07 PM #122352
  Nicolas

  To make a pause between orders, add a condition with BARINDEX-TRADEINDEX>x , where x is the bars quantity. It has been discussed many times with a lot of examples.

  First link I found: Do not take a trade for x bars after trade closed

  

  Nicolas

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  03/17/2020 at 3:20 PM #122354
  robertogozzi

  To count X periods before entering a new trade:

  ONCE Count = 0 ONCE MinCount = 2 IF (Not OnMarket AND OnMarket[1]) OR (StrategyProfit <> StrategyProfit[1]) THEN //check thare was a trade open the previous bar and not any longer.... Count = 1 //... to start counting periods (bars) ELSE Count = Count + 1 //increment Count at each new period (bar) ENDIF IF OnMarket THEN Count = 0 ENDIF IF MyLongConditions AND Not OnMarket AND ((Count = 0) OR Count > MinCount)) THEN BUY 1 CONTRACT AT MARKET //LONG ENDIF IF MyShortConditions AND Not OnMarket AND ((Count = 0) OR Count > MinCount)) THEN SELLSHORT 1 CONTRACT AT MARKET //SHORT ENDIF

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  ONCE Count    = 0 ONCE MinCount = 2 IF (Not OnMarket AND OnMarket[1]) OR (StrategyProfit <> StrategyProfit[1]) THEN  //check thare was a trade open the previous bar and not any longer....    Count = 1                                                                     //... to start counting periods (bars) ELSE    Count = Count + 1                                                             //increment Count at each new period (bar) ENDIF IF OnMarket THEN    Count = 0 ENDIF IF MyLongConditions  AND Not OnMarket AND ((Count = 0) OR Count > MinCount)) THEN    BUY 1 CONTRACT AT MARKET                                                      //LONG ENDIF IF MyShortConditions AND Not OnMarket AND ((Count = 0) OR Count > MinCount)) THEN    SELLSHORT 1 CONTRACT AT MARKET                                                //SHORT ENDIF

   

  

  robertogozzi

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  03/17/2020 at 3:31 PM #122358
  deletedaccount14122020

  Many thanks Nicolas and robertogozzi for your help.

  This is now working correctly in my system

  

  deletedaccount14122020

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