How to stop taking too many trades (on every bar)

• 01/18/2018 at 1:06 PM #59798
  rdcarvajal

  Hi:

  This is probably a silly question. I have a code that cumulates orders in the direction of the trend at 2ATR increments (Pyramids). I want to take up to 10 of such pyramid trades and then stop but after the 10th pyramid the system starts taking trades on every bar unless a stop is hit.

  At the moment i have a few lines of code per pyramid entry.

  My position size is based on %risk so I can’t use “COUNTOFPOSITIONS”.

  Graph attached. Please watch how after the 10th pyramid it starts taking trades on every bar.

  Any ideas how to make it stop taking new trades after the 10th? (without closing the trades so it rides the up-trend until the end)

  Thank you

   

   

  

  rdcarvajal

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  01/18/2018 at 2:10 PM #59803
  Vonasi

  Every time you put in a BUY order also add one to a variable.

  IF Not OnMarket THEN Count = 0 ENDIF IF your conditions and count < 10 THEN BUY yoursize Contracts at Market Count = Count + 1 ENDIF

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  IF Not OnMarket THEN Count = 0 ENDIF   IF your conditions and count < 10 THEN BUY yoursize Contracts at Market Count = Count + 1 ENDIF

   

   

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  rdcarvajal

  

  Vonasi

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