Single trade per day with stop orders

• 02/13/2021 at 1:11 PM #161293
  OscJoh

  Hello!

  All search results I’ve found only deal with how to limit your trades per day when using market orders. Currently, I’m using something like this:

  once EntriesToday = 0 // Reset for each day if Date[1] <> Date[0] then EntriesToday = 0 endif If OnMarket[0] <> 0 and OnMarket[1] = 0 then EntriesToday = EntriesToday + 1 endif If not OnMarket and EntriesToday < 1 then Buy 1 contract at myLevel Stop // Stop order endif

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  once EntriesToday = 0   // Reset for each day if Date[1] <> Date[0] then EntriesToday = 0 endif   If OnMarket[0] <> 0 and OnMarket[1] = 0 then EntriesToday = EntriesToday + 1 endif   If not OnMarket and EntriesToday < 1 then Buy 1 contract at myLevel Stop // Stop order endif

  Here’s the problem. My systems always use stop orders to enter the market and sometimes a system is stopped out on the same bar it entered the trade, but EntriesToday can never be incremented with my current code. Thus it will attempt a second trade that I don’t want next bar again.

  I haven’t come up with a solution for this. Do any of you guys have suggestions to solve this? Or if there’s a setting for max executed orders per day in PRT I somehow missed

  Thanks

  

  OscJoh

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  02/13/2021 at 2:58 PM #161303
  robertogozzi

  To check if a trade has been both triggered and exited on the same bar you need to check STRATEGYPROFIT:

  If StrategyProfit <> StrategyProfit[1] then EntriesToday = EntriesToday + 1 endif

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  If StrategyProfit <> StrategyProfit[1] then    EntriesToday = EntriesToday + 1 endif

   

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  OscJoh

  

  robertogozzi

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  02/14/2021 at 9:44 AM #161361
  OscJoh

  That worked, thanks a lot!

  

  OscJoh

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