how to "not enter the market" if i just took a trade?

Viewing 4 posts - 1 through 4 (of 4 total)

Author

Posts
10/08/2018 at 11:20 PM #82315 quote

jebus89
Participant

Master

I want the rule to not enter the market if i have taken a trade within say the last 10 bars.

By “taken a trade” i mean if i have just finished a trade. If the trade was profitable i dont want to enter the market within the next 10 bars. If there is no way of seeing whether or not the last trade was a profit or loss i would still try to backtest the rule.

possible?

10/08/2018 at 11:31 PM #82316 quote
robertogozzi
Moderator

Master
1. You have to use a variable to start counting bars when you exit a trade (you have to check you are NOT LONGONMARKET now but were LONGONMARKET the previous bar) and set another variable to disable trading
2. After 10 bars you have to allow trading again
```
ONCE BarCount = 0
ONCE TradeON  = 1           //1=trading allowed     0=trading disbaled
IF LongOnMarket AND Not LongOnMarket[1] THEN
   TradeON  = 0             //disable trading
   BarCount = 0             //reset counter
ENDIF
IF Not LongOnMarket THEN    //Increase counter when not on market
   BarCount = BarCount + 1
ENDIF
IF BarCount > 10 THEN
   TradeON = 1
ENDIF
```
you’ll also have to add “AND TradeOn” to your condition to enter a new trade.

jebus89 thanked this post
10/09/2018 at 8:32 AM #82328 quote

GraHal
Participant

Master

added as Row 71 to

Snippet Link Library

10/09/2018 at 9:44 AM #82341 quote

jebus89
Participant

Master

Big thanks
Author

Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.

Login your account

how to "not enter the market" if i just took a trade?

ProOrder: Automated Strategies & Backtesting

New Reply

Author

jebus89 @jebus89 Participant

Summary

This topic contains 3 replies,
has 3 voices, and was last updated by jebus89
7 years, 4 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	10/08/2018
Status:	Active
Attachments:	No files

Loading...