Max number of trades in a period

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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
    Master

    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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Max number of trades in a period


ProOrder: Automated Strategies & Backtesting

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LoveTheCode! @londontommy01 Participant
Summary

This topic contains 2 replies,
has 2 voices, and was last updated by LoveTheCode!
4 years, 5 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 09/04/2021
Status: Active
Attachments: No files
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