max number of open trades??

BestAlgoTrader · 2017-03-29T12:35:49+00:00

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)

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03/29/2017 at 1:35 PM #30207 quote

BestAlgoTrader
Participant

Junior

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)

03/30/2017 at 3:41 PM #30373 quote

Nicolas
Keymaster

Legend

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

03/31/2017 at 8:55 AM #30455 quote

BestAlgoTrader
Participant

Junior

thanks

03/31/2017 at 4:59 PM #30553 quote

BestAlgoTrader
Participant

Junior

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?

03/31/2017 at 9:44 PM #30572 quote

AutoStrategist
Participant

Veteran

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

Nicolas and BestAlgoTrader thanked this post

04/12/2017 at 4:03 PM #31865 quote

BestAlgoTrader
Participant

Junior

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 ?
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