MTF – one trade per bar

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04/10/2019 at 8:03 AM #95906 quote

Cham
Participant

Average

Example:

I am using 2 timeframes, 10 minutes and 1 second. Suppose when OnMarket, after it reaches my stoploss, I don’t want the program to open another position within the same bar my stoploss was reached.

Anybody can help me how to get this done? I searched for it on the forum, but can not find it.

Thanks in advance…

04/10/2019 at 8:36 AM #95908 quote
robertogozzi
Moderator

Legend
On which TF, 10-minute or 1-second?

On 1-second TF it is impossible to acrivate more than one order each bar, since strategies are executed when a bar closes, so another trade could only be opened the next bar, not the same one.

On a 10-minute TF you should add, at the very beginning of that code (provided UPDATEONCLOSE is used):
```
IF Not OnMarket THEN
   BarCount = 0
ELSE
   BarCount = BarCount + 1
ENDIF
```
Next, at the very beginning of the code on your 1-second TF, add:
```
ONCE TradeON = 1
IF IntraDayBarIndex = 0 THEN
   TradeON = 1
ENDIF
TradeBar = BarCount
IF Not OnMarket AND TradeBar <> TradeBar[1] THEN
   TradeON = 1
ENDIF
```
Then add TradeON to your conditions to enter a trade and clear it to avoid further trading until the next 10-minute bar:
```
IF MyConditions AND Not OnMarket AND TradeON THEN
   BUY/SELLSHORT...
   TradeON = 0
ENDIF
```
edited on May 5th, 2021:

lines
```
IF Not OnMarket THEN
   BarCount = 0
ELSE
   BarCount = BarCount + 1
ENDIF
```
do not work properly and should be replaced by this single line:
```
BarCount = BarIndex
```
Cham thanked this post
04/10/2019 at 8:39 AM #95909 quote

Cham
Participant

Average

Thank you, Roberto…

I am using 5 timeframes, but just used 10 minutes and 1 sec. as an example. Thank you for the code.

04/10/2019 at 8:48 AM #95913 quote
robertogozzi
Moderator

Legend
The first lines of code I posted;
```
IF Not OnMarket THEN
   BarCount = 0
ELSE
   BarCount = BarCount + 1
ENDIF
```
should be added to only one TF, i.e. if you are using Daily+h4+h1+10-minute+default(1-second), then if you add that code on the 10-minute TF your next trade would not open till the next 10-minute bar.

If you add it, instead, to your 1-hour TF, only one trade per hour will be allowed, and so on…

Cham thanked this post
04/10/2019 at 10:09 AM #95922 quote

GraHal
Participant

Master

I added to here

Snippet Link Library

Please could one reader say if you see the link above as the words … ‘Snippet Link Library’ … or something else?

Cham and Midlanddave thanked this post

04/10/2019 at 11:04 AM #95937 quote

swapping
Participant

Master

We see correctly the link GraHal , do not worry 😉

“Snippet Link Library“

GraHal thanked this post

05/05/2021 at 9:45 AM #168806 quote
robertogozzi
Moderator

Legend
Actually lines:
```
IF Not OnMarket THEN
   BarCount = 0
ELSE
   BarCount = BarCount + 1
ENDIF
```
do not work properly (thanks to MauroPro at https://www.prorealcode.com/topic/singola-operazione-multitimeframe/) and should be replaced by this single line:
```
BarCount = BarIndex
```
I also edited in RED the original post above (so the link in the Snippet Library is still valid).
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