One Buy Per Condition

• 08/20/2017 at 2:32 AM #44239
  Qw3rty

  Hi,

  How can I limit the number of times a trade occurs based on a set of conditions BUT have multiple orders (CumulateOrders= True)

  Example Using a basic Bollinger Band strategy:

  Enter 1 buy when close < BB low. Even if the next candle closes below the BB low it should not enter another buy. Now I only want to enter another buy, ONLY when the close > BB high and retraces to close < BB low

  This will be a total of 2 cumulative buy orders.

  I have attached a visual example to help explain where I am coming from.

   

  Thank you for the help

   

  

  Qw3rty

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  08/20/2017 at 10:17 AM #44242
  Despair

  If close crosses under BBlow and not onmarket then counter=1 buy 1 contract at market endif if longonmarket and close crosses over then counter=counter+1 endif if longonmarket and close crosses under BBlow and counter>1 then counter=1 buy 1 contract at market endif

  1 2 3 4 5 6 7 8 9 10 11

  If close crosses under BBlow and not onmarket then   counter=1   buy 1 contract at market endif if longonmarket and close crosses over then   counter=counter+1 endif if longonmarket and close crosses under BBlow and counter>1 then   counter=1   buy 1 contract at market endif

  Here you go… 🙂

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  Qw3rty

  

  Despair

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  08/21/2017 at 10:22 AM #44279
  Qw3rty

  Thank you so much! This is exactly what I have been after.

  

  Qw3rty

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  08/21/2017 at 11:02 AM #44287
  Despair

  Ops, you surely saw that in the second if-loop it should be “…and close crosses over BBhigh then”. I obviously forgot BBhigh.

  

  Despair

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  08/22/2017 at 8:47 AM #44330
  Qw3rty

  Yeah I included that, thanks once again

  

  Qw3rty

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