Hi, I am looking for some help generating a section of code to help smooth out one of the trading strategies I am working on. Thanks to the useful pdf created in the help section I have managed to work through most of my issues, however I do not seem to be able to get my head around something which should be extremely simple. I am looking to implement a gap between trades and I assumed that the easiest way to do this would be to set a minimum number of bars between the last executed trade and the next one triggered by the strategy. Basically, once my trading indicators are met I enter the market and exit very quickly, however I do not then want to enter the market again if those conditions continue to be met for the next ‘x’ amount of bars. Could anybody help me understand how I stop the strategy re-entering the market for ‘x’ amount of bars.
E.g. If I were to open a long position when the RSI crossed over 70 with a very short target profit of 3 pips the trading strategy would after exiting a profitable trade continue re-entering the market each time the RSI re-crossed over 70. If we were working on a 1 minute chart the RSI may dip below and re-cross the 70 mark a number of times for the next 30 minutes. In the above circumstance I would be looking to avoid re-entering the market after the initial trade had been entered and exited during that 30 minute window.
Any help would be much appreciated.
Thanks, Ben.
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