max number of open trades??

• 03/29/2017 at 1:35 PM #30207
  BestAlgoTrader

  DOES ANYOEN HAVE THE CODE FOR

   

  max number of open trades??

  EG YOU WANT YOUR ALGO TO ONLY have a max number of open trades to be 5 ( so it wont open any more trade in 5 are already open)

  or

  have a max number of open trades to be 1 ( so it wont open any more trade if 1 is are already open)

   

  

  BestAlgoTrader

  Participant

  Topics: 8

  Replies: 30

  Been thanked: 0 times
  03/30/2017 at 3:41 PM #30373
  Nicolas

  Everything’s related to ProBacktest/ProOrder coding can be found in the online documentation: https://www.prorealcode.com/documentation/category/probacktest/

  You are looking for COUNTOFLONGSHARES and COUNTOFSHORTSHARES

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20867

  Been thanked: 4783 times
  03/31/2017 at 8:55 AM #30455
  BestAlgoTrader

  thanks

  

  BestAlgoTrader

  Participant

  Topics: 8

  Replies: 30

  Been thanked: 0 times
  03/31/2017 at 4:59 PM #30553
  BestAlgoTrader

  do you know how to limit the max number of trades placed in one hour ? eg have the algo place no more than 3 trades in any one hour period?

  

  BestAlgoTrader

  Participant

  Topics: 8

  Replies: 30

  Been thanked: 0 times
  03/31/2017 at 9:44 PM #30572
  AutoStrategist

  Didn’t say what timeframe you are using, have used 5 minute chart to get 12 bars  e.g.  3 minute bars would be 20 bars.  Only takes a position if third last trade was over an hour ago.

  NumberOfBarsInHour = 12
  TradeBar = TRADEINDEX(3)

  if TradeBar = 0 or (barindex – TradeBar > NumberOfBarsInHour) then
  //if some condition then

  //buy or sell

  //endif
  endif

  2 users thanked author for this post.

  BestAlgoTrader, Nicolas

  

  AutoStrategist

  Participant

  Topics: 6

  Replies: 125

  Been thanked: 71 times
  04/12/2017 at 4:03 PM #31865
  BestAlgoTrader

  thanks auto strategist!

   

  I am using a 2 min chart – this is my code

   

  NumberOfBarsInHour = 30
  TradeBar = TRADEINDEX(3)

  if TradeBar = 0 or (barindex – TradeBar > NumberOfBarsInHour) then

   

   

  do i need to add anything else to it or will the above code limit my system to trade 3 times per hour max ?

  

  BestAlgoTrader

  Participant

  Topics: 8

  Replies: 30

  Been thanked: 0 times
• Author
  Posts