One Buy Per Condition

Qw3rty · 2017-08-20T01:32:10+00:00

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 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

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08/20/2017 at 2:32 AM #44239 quote

Qw3rty
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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

Example.png

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

Master
```
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… 🙂

Qw3rty thanked this post
08/21/2017 at 10:22 AM #44279 quote

Qw3rty
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New

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

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

Despair
Blocked

Master

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

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

Qw3rty
Participant

New

Yeah I included that, thanks once again
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