Setting Maximum Contracts in ProBackTest

• 11/19/2020 at 8:55 AM #150919
  SAMPANETTA

  Hey Crew,

  I am currently running the following hourly charts however on the ProBackTest it enters into a new contract every hour even if it is already in a position.

  I want to limit the strategy to being maximum 1 contract long or short at any given time and not continue to accumulate contracts.

  My current code is below. Does anyone know how to help with this?

  Cheers, Sam

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = Average[120](close) c1 = (close >= indicator1) IF c1 THEN BUY 1 CONTRACT AT MARKET ENDIF // Conditions to enter short positions indicator2 = Average[120](close) c2 = (close <= indicator2) IF c2 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Stops and targets SET STOP pTRAILING 30

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = Average[120](close) c1 = (close >= indicator1)   IF c1 THEN BUY 1 CONTRACT AT MARKET ENDIF   // Conditions to enter short positions indicator2 = Average[120](close) c2 = (close <= indicator2)   IF c2 THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF   // Stops and targets SET STOP pTRAILING 30

   

  

  SAMPANETTA

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  11/19/2020 at 10:25 AM #150929
  robertogozzi

  Always use the ‘Insert PRT Code’ button when putting code in your posts to make it easier for others to read. Thank you 🙂

  As to your code, it’s impossible that “it enters into a new contract every hour even if it is already in a position“. To accomplish that you should replace line 2 by:

  DEFPARAM CumulateOrders = True

  1	DEFPARAM CumulateOrders = True

  So, did you already backtest it? How could you spot more than 1 position at a time?

  append this line to your code to monitor the number of positions accumulated:

  graph abs(CountOfPosition)

  1	graph abs(CountOfPosition)

   

   

  

  robertogozzi

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