How to make the damn thing trade only once per hour?

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  • 08/03/2020 at 8:14 AM #140696 quote
    PhilA
    Participant
    New

    Good morning,

    I want the strategy to run in 1 second time frame because I want it to trigger orders as soon as x crosses y.

    However, if x is going back and forth across y every few minutes, I don’t want it to keep trading in and out.

    So for that reason I want the strategy to only trade once per hour.

    How?

    Thanks, Phil

    08/03/2020 at 8:28 AM #140700 quote
    Nicolas
    Keymaster
    Master

    With a condition based on elapsed BARINDEX since the last order for instance:

    if x crosses over y and barindex-lastbar >= 3600 then 
 buy at market 
 lastbar = barindex
endif

    In this example you allow to enter the market only if 3600 bars (3600 seconds = 1 hour) have passed since the last order.

    Gubben thanked this post
    08/03/2020 at 8:35 AM #140702 quote
    PhilA
    Participant
    New

    Thank you Nicolas you marvellous Frenchman.

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How to make the damn thing trade only once per hour?


ProOrder: Automated Strategies & Backtesting

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PhilA @phila Participant
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This topic contains 2 replies,
has 2 voices, and was last updated by PhilA
5 years, 6 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 08/03/2020
Status: Active
Attachments: No files
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