Only one trade per day

• 10/19/2023 at 6:04 PM #222658
  897148

  Only one trade per day.

  My auto system trades between 09h00 & 15h00 and can take several trades per day.

  I now wish to only take one trade per day, the first one.

  How do I code this requirement?

  

  897148

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  10/19/2023 at 6:26 PM #222663
  robertogozzi

  As posted in https://www.prorealcode.com/topic/help-with-limiting-strategy-to-one-trade-per-day/#post-143705, you can use

  OTD = Barindex - TradeIndex(1) > IntradayBarIndex

  1	OTD = Barindex - TradeIndex(1) > IntradayBarIndex

  then you can add OTD to your entry conditions, like the example in the link above.

   

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  897148

  

  robertogozzi

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  10/20/2023 at 7:37 AM #222676
  897148

  Thank you so much Roberto.

  I could hardly believe the speed of response !

  OTD worked like a charm.

  

  897148

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  10/20/2023 at 11:26 AM #222683
  897148

  Spoke too soon.

  OTD worked perfectly on back test but when live didnt enter trade when it should have.
  I have taken this up with PRT as per norm but no solution as yet. Any suggestions ??

  

  897148

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  10/20/2023 at 6:55 PM #222703
  robertogozzi

  These 2 snippets seem to work as expected (one uses OTD, the other one doesn’t):

  n. 1

  DEFPARAM CumulateOrders = False OTD = Barindex - TradeIndex(1) > IntradayBarIndex Bulls = summation[3](close >= open) = 3 Bears = summation[3](close <= open) = 3 IF Bulls AND Bears[3] AND Not OnMarket AND OTD THEN BUY AT MARKET ENDIF SET TARGET pPROFIT 6 SET STOP pLOSS 6

  1 2 3 4 5 6 7 8 9

  DEFPARAM CumulateOrders = False OTD = Barindex - TradeIndex(1) > IntradayBarIndex Bulls = summation[3](close >= open) = 3 Bears = summation[3](close <= open) = 3 IF Bulls AND Bears[3] AND Not OnMarket AND OTD THEN    BUY AT MARKET ENDIF SET TARGET pPROFIT 6 SET STOP   pLOSS   6

  n. 2

  DEFPARAM CumulateOrders = False Bulls = summation[3](close >= open) = 3 Bears = summation[3](close <= open) = 3 IF Bulls AND Bears[3] AND Not OnMarket THEN BUY AT MARKET ENDIF SET TARGET pPROFIT 6 SET STOP pLOSS 6

  1 2 3 4 5 6 7 8

  DEFPARAM CumulateOrders = False Bulls = summation[3](close >= open) = 3 Bears = summation[3](close <= open) = 3 IF Bulls AND Bears[3] AND Not OnMarket THEN    BUY AT MARKET ENDIF SET TARGET pPROFIT 6 SET STOP   pLOSS   6

  anyway, I’ll keep testing them next Monday.

  

  robertogozzi

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  10/21/2023 at 10:13 AM #222717
  JS

  Hi @897148

  Note that the TradeIndex(1) gives both a value when a position is opened and also when a position is closed…

  With “If OnMarket and OTD” you know that a position was opened yesterday (or earlier) that is currently still open…

  With “If NOT OnMarket and OTD” you know that a position was closed yesterday (or earlier) and that a position can now be opened again…

  As Roberto also points out, use the OTD in combination with NOT OnMarket….

  If Conditions and NOT OnMarket and OTD then

  “Buy or SellShort”

  …

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  897148

  

  JS

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  10/23/2023 at 1:38 PM #222823
  robertogozzi

  My two snippets work correctly, the one using OTD opens only 1 trade per day, while the other one opens tens of trades.

   

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  897148

  

  robertogozzi

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  10/23/2023 at 5:39 PM #222846
  897148

  I need to give a very big thankyou to Roberto and JS.

  The OTD and Not OnMarket worked perfectly today when I ran live along with the original, multi trade version which took two trades in the allocated time but OTD only one as desired.

  I still find it hard to believe how helpful some people are. Restores some much needed faith in mankind .

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  robertogozzi, JS

  

  897148

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