Position size limit per strategy

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    Posts
  • 02/23/2022 at 6:30 PM #188723 quote
    abuanza
    Participant
    New

    Hi there,

    Sorry if this is a repeated question.

     

    i am trying to find a code to limit the number of opened positions under one strategy. For example:

    Timeframe(4hours, updateonclose)

    a = close/1.01

    Timeframe(default)

    b = close

    if b < c then

    buy 2 contracts at the Market

     

    if i were to use the above on the 1 min chart on a daily basis, how to limit the number of opened positions to 2 per day if the criteria is met.

     

    thanks

    02/23/2022 at 11:47 PM #188735 quote
    robertogozzi
    Moderator
    Master

    There you go (not tested):

    Timeframe(default)
ONCE Tally = 0
IF IntraDayBarIndex = 0 THEN
   Tally = 0
endif
//
Timeframe(4hours, updateonclose)
a = close/1.01
//
Timeframe(default)
b = close
if b < c and (Tally < 2) then
   buy 2 contracts at the Market
   Tally = Tally + 1
endif
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Position size limit per strategy


ProOrder: Automated Strategies & Backtesting

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abuanza @abuanza Participant
Summary

This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
3 years, 12 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 02/23/2022
Status: Active
Attachments: No files
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