Hi Guys,

Within the 2 trading sessions I’ve specified below I want to limit the number of trades as follows – I think this would be a good risk management device:

After 1 trade closes in profit then no more trades in that session

After 2 trades close with a loss then no more trades in that session

Many thanks to anyone to can help out.

Regards,

John

//TODO TO IMPROVE:
// make TP a % of DAily ATR
//limit so it stops after one profit per session
//limit so it stops after 2 losses per session




// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated
//DEFPARAM FLATBEFORE = 130000
//DEFPARAM FLATAFTER = 130000 //<<<<<ALTER THIS TO CLOSING TIME!!!!!!!!!!

ONCE UKAMopenstart = 093000
ONCE UKAMopenfinish =120000
ONCE UKAMexit =130000

ONCE USPMopenstart = 173000
ONCE USPMopenfinish =201500

//Exit after x minutes

indicator11 = ADX[14]
c11 = (indicator11[1] > 20.46)

indicator1 = Average[3](close) //// note of4/4/22: changed this to [1] as NVIDIA and Micron didnt take and I'm wondering if thats the reason ?

indicator2 = ExponentialAverage[9](close)
b1 = (indicator1 < indicator2)

indicator4 = Average[20](close)
d1 = (indicator2 < indicator4)
 
// Conditions to enter long positions
IF NOT ShortOnMarket and ((time>=UKAMopenstart AND time<=UKAMopenfinish) or (time>=USPMopenstart AND time<=USPMopenfinish))AND  b1 and d1 and c11 THEN
SELLSHORT QTY LOT AT MARKET

ENDIF

// Conditions to exit long positions
//timeframe(10 minutes, updateonclose)
indicator23 = ExponentialAverage[9](close)
c21 = (indicator21 > indicator23)

IF  c21 or (time=>UKAMexit and time<=USPMopenstart) or time>235900 THEN
EXITSHORT AT MARKET
ENDIF




indicator211 = ADX[14]
c211 = (indicator211[1] < 20.46)

indicator21 = Average[3](close) //// note of4/4/22: changed this to [1] as NVIDIA and Micron didnt take and I'm wondering if thats the reason ?

indicator22 = ExponentialAverage[9](close)
b21 = (indicator21 > indicator22)

indicator24 = Average[20](close)
d21 = (indicator22 > indicator24)
 
// Conditions to enter long positions
IF NOT LongOnMarket and ((time>=UKAMopenstart AND time<=UKAMopenfinish) or (time>=USPMopenstart AND time<=USPMopenfinish))AND  b21 and d21 and c211 THEN
BUY QTY LOT AT MARKET

ENDIF

// Conditions to exit long positions
//timeframe(10 minutes, updateonclose)
indicator3 = ExponentialAverage[9](close)
c21 = (indicator21 < indicator23)

IF  c21 or (time=>UKAMexit and time<=USPMopenstart) or time>235900 THEN
SELL AT MARKET
ENDIF

SET STOP $LOSS 110
SET TARGET $PROFIT 31