How to operate just once in a day?

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05/10/2016 at 12:31 PM #6676 quote

Picchio65
Participant

New

Hi,

In my trading system I would like to operate in FOREX market just once in a single day. For example if certain conditions are met the system enters. Imagine that after a certain number of hours the system exit from the market either because of exit conditions or because of stop loss or trailing stop. I would like the system avoids entering again in the market within the same day and instead waits for the next day to enter again.

A possible way to implement this test is setting a variable at 0 at beginning of the day. If the system enters (long/short conditions met) the variable is set to 1. This prevents the system to enter again in the same day since I add the condition variable=0 in the long/short conditions. But I do not know how to reset the variable at the beginning of each day-trading operating hours.

Thanks

05/10/2016 at 12:58 PM #6679 quote
Nicolas
Keymaster

Master
You can reset easily your variable each day by testing the intraday bar index with the instruction : intradaybarindex

Reset your variable by doing this:
```
if intradaybarindex = 0 then 
  tradedtoday = 0
endif
```
And set your variable “tradedtoday” to 1 when you launch a trade. Test it before initiate a new trade. That’s all 🙂

You could have tested also if the daily open candle was the same as the one saved before in a variable, that’s what I do in other platform programming.
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How to operate just once in a day?

ProOrder: Automated Strategies & Backtesting

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Picchio65 @picchio65 Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
9 years, 9 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	05/10/2016
Status:	Active
Attachments:	No files

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