Single trade per day with stop orders

OscJoh · 2021-02-13T12:11:02+00:00

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 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

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

Average
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
```
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
02/13/2021 at 2:58 PM #161303 quote
robertogozzi
Moderator

Legend
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
```
OscJoh thanked this post
02/14/2021 at 9:44 AM #161361 quote

OscJoh
Participant

Average

That worked, thanks a lot!
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Single trade per day with stop orders

ProOrder: Automated Strategies & Backtesting

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OscJoh @oscjoh Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by OscJoh
5 years, 8 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	02/13/2021
Status:	Active
Attachments:	No files