Limiting trades after close of previous trade

• 12/16/2020 at 6:52 AM #153905
  IRP

  In automated trading, is it possible to instruct the PRT system not to enter a trade after a certain time has elapsed counting from the time the last trade was closed?

  Also, is there any link to help in setting up a trailing stop?

  Many thanks,

  I. Petrie

  

  IRP

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  12/16/2020 at 7:04 AM #153906
  robertogozzi

  You can search the forum for TRAILING STOP and you’ll be returned many links to code and posts. Nicolas’code is at https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/ (lines 17-56 are ready to be added to your code as is).

  This code will allow you to stop trading for MaxBars bars (not tested):

  ONCE TradeON = 1 ONCE Count = 0 ONCE MaxBars = 20 //Number of bars to wait before trading again IF Count > 0 THEN Count = Count + 1 IF Count >= MaxBars THEN Count = 0 TradeON = 1 ENDIF ENDIF IF StrategyProfit <> StrategyProfit[1] THEN Count = 1 TradeON = 0 ENDIF IF LongConditions AND TradeON THEN BUY 1 Contract AT Market ENDIF

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  ONCE TradeON = 1 ONCE Count   = 0 ONCE MaxBars = 20           //Number of bars to wait before trading again IF Count > 0 THEN    Count = Count + 1    IF Count >= MaxBars THEN       Count   = 0       TradeON = 1    ENDIF ENDIF IF StrategyProfit <> StrategyProfit[1] THEN    Count   = 1    TradeON = 0 ENDIF IF LongConditions AND TradeON THEN    BUY 1 Contract AT Market ENDIF

  TradeON must be added to your conditions to enter a trade.

   

  

  robertogozzi

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