Max number of trades in a period

LoveTheCode! · 2021-09-04T09:43:46+00:00

hi there, i am trying to figure out how to have a rule that limits the number of trades in a given time period, e.g. maximum number of trades in each new month, or week, or day is one? i have the rule that limits mulitple trades DEFPARAM CumulateOrders = False, that is useful to avoid duplicate trades / orders simultaneously – however this does not help once a trade is stopped out or hits profit, then new orders are placed in the same tim period which i am hoping to eliminate! is there any way to acheive this in PRT? Thanks in advance 🙂

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09/04/2021 at 10:43 AM #176776 quote

LoveTheCode!
Participant

Junior

hi there,

i am trying to figure out how to have a rule that limits the number of trades in a given time period, e.g. maximum number of trades in each new month, or week, or day is one?

i have the rule that limits mulitple trades DEFPARAM CumulateOrders = False, that is useful to avoid duplicate trades / orders simultaneously – however this does not help once a trade is stopped out or hits profit, then new orders are placed in the same tim period which i am hoping to eliminate!

is there any way to acheive this in PRT? Thanks in advance 🙂

09/04/2021 at 11:39 AM #176779 quote
robertogozzi
Moderator

Legend
You can use this (not tested):
```
// MaxTrades yearly, daily, weekly, monthly
//
Once MaxTrades  = 1 //max 1 trade allowed
Once TradeOn    = 1
Once TradeCount = 0
If TradeCount = MaxTrades then
  TradeOn       = 0
Endif
//If IntraDayBarIndex = 0 then   //enable trading each Day
//If Month <> Month[1] then      //enable trading each Month
//If Year <> Year[1] then        //enable trading each Year
If DayOfWeek < DayOfWeek[1] then //enable trading each Week
   TradeOn      = 1
   TradeCount   = 0
Endif
If MyLongConditions and not OnMarket and TradeOn then
   Buy 1 contract at Market
   TradeCount   = TradeCount + 1
Endif
```
it defaults to a weekly reset, but you can comment out/uncomment the desired lines to easily switch to Daily, Monthly or Yearly reset.

Brad and ysgurjar thanked this post
09/05/2021 at 6:28 PM #176829 quote

LoveTheCode!
Participant

Junior

Thanks Roberto I will try it !
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