Max 1 trade if successful, 2 trades if first trade fails

eckaw · 2021-01-12T15:10:14+00:00

Hi all How would one go about coding: – Make 1 trade, if it ends up in gains = no more trades that day (I’ve seen this snipped of code in the 69 moving average code) – if first trade fails then execute a second trade if the entry condition happens again. I would like to code a breakout strategy to trade only during market open and have a tight stop loss. If I get stopped out I’d like the strategy to have another go (most likely when it breaks out the other direction, if the first trade was a fake-out)

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01/12/2021 at 4:10 PM #157573 quote

eckaw
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Veteran

Hi all

How would one go about coding:

– Make 1 trade, if it ends up in gains = no more trades that day (I’ve seen this snipped of code in the 69 moving average code)

– if first trade fails then execute a second trade if the entry condition happens again.

I would like to code a breakout strategy to trade only during market open and have a tight stop loss. If I get stopped out I’d like the strategy to have another go (most likely when it breaks out the other direction, if the first trade was a fake-out)

GraHal thanked this post

01/12/2021 at 5:36 PM #157588 quote

robertogozzi
Moderator

Legend

A What do you want price to break? A time range, say 8-10, or previous day’s High/Low, or last week’s, etc… ?

01/12/2021 at 7:38 PM #157598 quote

eckaw
Participant

Veteran

I’m currently working on Nicolas excellent Breakout of Range Trading Strategy: https://www.prorealcode.com/prorealtime-trading-strategies/breakout-range-ts/

My idea is to launch it on different markets with 1 trade per day when it breaks through a previous x bar range, during market open only when there is extra volatility.

09/28/2021 at 5:24 PM #178669 quote

nnrichard
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New

hi did you find a solution i’m looking for something similar

maximum one trade per day if gain or loss

09/28/2021 at 5:37 PM #178671 quote

nnrichard
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found an answer here https://www.prorealcode.com/topic/limit-one-trade-per-candle/
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Max 1 trade if successful, 2 trades if first trade fails

ProOrder: Automated Strategies & Backtesting

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eckaw @eckaw Participant

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This topic contains 4 replies,
has 3 voices, and was last updated by nnrichard
5 years ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	01/12/2021
Status:	Active
Attachments:	No files