Not open more trades for today

Tropic · 2023-05-28T20:47:19+00:00

Hello, im trying to code a sytsem on timeframe 30min but i don’t want it to open more than one trade per day, so i tried to use a multitimeframe on daily timeframe section by setting something like ” not tradeindex =0″ in the conditions of the orders because it should return the index of the bar of the last trade (therefore it is 0 if he has already opened a trade today) but it doesn’t work. How could it be solved? Thanks

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05/28/2023 at 9:47 PM #215322 quote

Tropic
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Hello, im trying to code a sytsem on timeframe 30min but i don’t want it to open more than one trade per day,

so i tried to use a multitimeframe on daily timeframe section by setting something like ” not tradeindex =0″ in the conditions of the orders because it should return the index of the bar of the last trade (therefore it is 0 if he has already opened a trade today) but it doesn’t work.

How could it be solved? Thanks

05/29/2023 at 1:09 AM #215326 quote
robertogozzi
Moderator

Legend
Use this variable (OTD) as an additional condition to enter a trade:
```
OTD = (Barindex - TradeIndex(1) > IntradayBarIndex)  // IntradayBarIndex < (Barindex - TradeIndex(1)) limits the (opening) trades till  1 per day (OTD One Trade per Day)
```
Example:
```
Otd              = (Barindex - TradeIndex(1) > IntradayBarIndex)  // IntradayBarIndex < (Barindex - TradeIndex(1)) limits the (opening) trades till  1 per day (OTD One Trade per Day)
MyLongConditions = Not OnMarket AND close CROSSES OVER Average[10,0](close)
IF Otd AND MyLongConditions THEN
   BUY 1 Contract at Market
ENDIF
SET STOP   pLOSS   100
SET TARGET pPROFIT 200
```
Tropic thanked this post
05/29/2023 at 4:40 PM #215354 quote

Tropic
Participant

New

Thanks Roberto it seems to work fine.

Grazie Roberto sei un idolo!

05/29/2023 at 7:01 PM #215363 quote

robertogozzi
Moderator

Legend

Thanks to the guy who pointed it out and its creator in the library https://www.prorealcode.com/topic/help-with-limiting-strategy-to-one-trade-per-day/#post-143705.
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