The next day trade if it gets 3 stoplosses in a row

• 01/24/2024 at 7:34 PM #226878
  kvacksa87

  Hello. is there a code that makes it not place any more orders if it makes 3 losing trades in a row through stop loss on the same day. I want it to start again after the next day.

  

  kvacksa87

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  01/26/2024 at 1:01 PM #226905
  robertogozzi

  There you go:

  ONCE TradeON = 1 ONCE SLtally = 0 ONCE SLhit = 0 IF IntraDayBarIndex = 0 THEN TradeON = 1 SLtally = 0 SLhit = 0 ENDIF // check if a trade was profitable or not, then stop trading after 3 consecutive losses IF StrategyProfit > StrategyProfit[1] THEN SLhit = 0 SLtally = 0 TradeON = 1 ELSIF StrategyProfit < StrategyProfit[1] THEN SLhit = SLhit + 1 IF SLhit = 3 THEN TradeON = 0 ENDIF ENDIF Sma = average[20,0](close) MyLongConditions = Not OnMarket AND close CROSSES OVER Sma AND TradeON MyShortConditions = Not OnMarket AND close CROSSES UNDER Sma AND TradeON IF MyLongConditions THEN BUY 1 CONTRACT AT MARKET ELSIF MyShortConditions THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF SET STOP pLOSS 10 SET TARGET pPROFIT 20 //graph SLhit //graph TradeON coloured("Red")

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  ONCE TradeON = 1 ONCE SLtally = 0 ONCE SLhit   = 0 IF IntraDayBarIndex = 0 THEN    TradeON = 1    SLtally = 0    SLhit   = 0 ENDIF // check if a trade was profitable or not, then stop trading after 3 consecutive losses IF StrategyProfit > StrategyProfit[1] THEN    SLhit   = 0    SLtally = 0    TradeON = 1 ELSIF StrategyProfit < StrategyProfit[1] THEN    SLhit = SLhit + 1    IF SLhit = 3 THEN       TradeON = 0    ENDIF ENDIF Sma               = average[20,0](close) MyLongConditions  = Not OnMarket AND close CROSSES OVER  Sma AND TradeON MyShortConditions = Not OnMarket AND close CROSSES UNDER Sma AND TradeON IF MyLongConditions THEN BUY 1 CONTRACT AT MARKET ELSIF MyShortConditions THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF SET STOP   pLOSS   10 SET TARGET pPROFIT 20 //graph SLhit //graph TradeON coloured("Red")

   

  

  robertogozzi

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  01/26/2024 at 6:50 PM #226916
  kvacksa87

  Thanks for the quick response as usual

  

  kvacksa87

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