Max number of orders

• 03/23/2022 at 6:21 PM #190365
  Gaby

  Hi all,

  seeking confirmation if my understanding how the setting of max number of orders allowed per trading day (from 00:00 GMT) works (part of Automatic Trading settings).

  Example: limit sets to = 4

  When the first trade is executed the Position opened counts for 1

  Then if the order is amended with Stop loss and take profit the count goes up to 3 (but still < 4 limit).

  Then if the first order is closed, then the counter is then updated to 2 (two orders executed but zero left running).

  ==========

  Second trade, same day:

  Position is opened = counter goes up to 3

  Position is amended with stop loss and take profit = counter goes up to 5 and therefore > the limit therefore the strategy quits and the order is forced to close.

  In conclusion: in order to allow 2 trades per each day, I need to set this parameter to minimum 6 if my trades include stop loss and take profit levels.

  Is my understanding correct, in your view?

  Many thanks, Gaby

   

  

  Gaby

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  03/24/2022 at 8:55 AM #190382
  Nicolas

  It depends mainly on how you count your orders, if you use TRADEINDEX with pending orders, then in this case each of your order (takeprofit/stoploss) change the TRADEINDEX.

   

  

  Nicolas

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  03/24/2022 at 9:47 AM #190397
  PeterSt

  But Nicolas, how would you count the “real” orders ? Like Entry and Exit (= 2 orders) or In+Out (= 1 order) ? Both would suffice (for what Gaby wants to know, but for me actually the same), but for both I would not readily have a solution. There’s finicky stuff with StrategyProfit <> StrategyProfit[1] but this is not really reliable (IIRC this relates to Spread being added after the Exit(-bar) and that changing StrategyProfit *again*.

  ?

  

  PeterSt

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  03/24/2022 at 3:33 PM #190419
  Nicolas

  We are all used to count the market orders if you buy/sellshort at market with a variable increase.

  Or use this snippet:

  ( (not onmarket and onmarket[1] and not onmarket[2]) or (tradeindex(1)=tradeindex(2) and tradeindex(1)=barindex[1] and tradeindex(1)>0) )

  1	( (not onmarket and onmarket[1] and not onmarket[2]) or (tradeindex(1)=tradeindex(2) and tradeindex(1)=barindex[1] and tradeindex(1)>0) )

  New keywords will come in the weeks to come:
  ShortTriggered[N] / LongTriggered[N]
  Allows to know if a Short / Long position has been opened on the candlestick N (optional default N is 0)

  

  Nicolas

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  03/24/2022 at 4:12 PM #190423
  Gaby

  Apologies Nicolas, I did not understand your answer.

  I do not count orders in my code; it is Prorealcode that counts the orders and then check the configuration of the parameter called”stop due to number of orders”.

  I have attached a picture of the configuration, hoping it is more clear.

  Again, what it is not clear to me from the description is: what orders ProrealCode is counting, to then compare the parameter level that in the meantime I have increased to 7 to avoid unwanted order closing.

  Thanks. Bye, Gaby

   

  

  Gaby

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  03/24/2022 at 8:04 PM #190436
  PeterSt

  ( (not onmarket and onmarket[1] and not onmarket[2])

  1	( (not onmarket and onmarket[1] and not onmarket[2])

  That does not work with two (or more) trades within one bar. 😉

  tradeindex(1)=tradeindex(2)

  1	tradeindex(1)=tradeindex(2)

  What does that do in normal (English) language ? :-]

  

  PeterSt

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