Limit number of order to 2 per day

Viewing 3 posts - 1 through 3 (of 3 total)

Author

Posts
10/02/2024 at 3:51 PM #238421 quote

VarmaRudra
Participant

New

I have developed a trading strategy and backtested the same using ProRealtrade. I used OTD = Barindex - TradeIndex(1) > IntradayBarIndex to limit the order to one per day. Now i want to see how the results are if i increase number of trades per day to two.

I searched in the forum below and found below code should be used to limit orders per day to two. However, i am struggling to understand how this code works and it’s not currently delivering my need.

( (not onmarket and onmarket[1] and not onmarket[2]) or (tradeindex(1)=tradeindex(2) and tradeindex(1)=barindex[1] and tradeindex(1)>0) )

Please can i get some help in limiting number of order per day to 2 and this can be configurable..

10/02/2024 at 3:58 PM #238426 quote
robertogozzi
Moderator

Legend
There you go:
```
ONCE MaxTrades = 2
ONCE Tally     = 0
//
// reset the TALLY each new day
//
IF IntraDayBarIndex = 0 THEN
   Tally = 0
ENDIF
//
// enter a trade when conditions are met AND the trade to be opened doesn't exceed MaxTrades
IF MyLongConditions AND (Tally < MaxTrades) THEN
   BUY 1 CONTRACT AT MARKET
   Tally = Tally + 1
ELSIF MyShortConditions AND (Tally < MaxTrades) THEN
   SELLSHORT 1 CONTRACT AT MARKET
   Tally = Tally + 1
ENDIF
SET STOP   pLOSS   100
SET TARGET pPROFIT 200
```
VarmaRudra and Iván González thanked this post
10/02/2024 at 8:44 PM #238434 quote

VarmaRudra
Participant

New

Thats brilliant. Thank you.

robertogozzi thanked this post
Author

Posts