Limiting trades after close of previous trade

IRP · 2020-12-16T05:52:21+00:00

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

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12/16/2020 at 6:52 AM #153905 quote

IRP
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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

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

Legend
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
```
TradeON must be added to your conditions to enter a trade.
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Limiting trades after close of previous trade

ProOrder: Automated Strategies & Backtesting

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Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	12/16/2020
Status:	Active
Attachments:	No files