three trades per hour max

• 04/15/2017 at 7:36 PM #32121
  BestAlgoTrader

  Hello,

   

  I would like my trading system to place no more than 3 trades in any given trading hour.

  For example it will be placing trades throughtout the day, but if it places 3 trades during 3-4PM then i wnt it to no place anymore trades until it reaches 5pm

  i dont want it to be able to place like 5-1o trades in a short pace of time so i need to limit it to place no more than 3 per hour

   

  IF anyone knows the code to use to do this please let me know

  I have some good algorithms that i will happily share with who ever provides me with this code

   

  thanks

  

  BestAlgoTrader

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  04/16/2017 at 10:53 AM #32144
  GraHal

  If you get the answer you need from this site would you share at least 1 of your good algos with this site … as that is what this site is all about.

  GraHal

  

  GraHal

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  04/16/2017 at 2:04 PM #32183
  BestAlgoTrader

  Ok no problem ill share some if i get the answer

  

  BestAlgoTrader

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  04/16/2017 at 7:51 PM #32229
  AutoStrategist

  Isn’t this the same question you asked 4 days ago under ‘Max number of open trades??’

  I believe the answer I gave works did you try it?

  

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  04/16/2017 at 8:26 PM #32233
  BestAlgoTrader

  Yea i trie dbut it didnt work i got an error saying incomplete code

  

  BestAlgoTrader

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  04/16/2017 at 8:57 PM #32237
  BestAlgoTrader

  say for example this is my code:

   

  // Definition of code parameters
  DEFPARAM CumulateOrders = False // Cumulating positions deactivated

  // Prevents the system from placing new orders on specified days of the week
  daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

  // Conditions to enter long positions
  indicator1 = Stochastic[14,3](close)
  c1 = (indicator1 CROSSES OVER 70)
  indicator2 = Average[200](close)
  c2 = (close > indicator2)

  IF (c1 AND c2) AND not daysForbiddenEntry THEN
  BUY 1 PERPOINT AT MARKET
  ENDIF

  // Stops and targets
  SET TARGET pPROFIT 10

   

   

  where should i enter the code you sent me to limit the trading to 3 per hour max???

   

  please copy my code and enter the relevant code and paste it back

   

  thanks in advance

  

  BestAlgoTrader

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  04/17/2017 at 8:10 AM #32267
  Elsborgtrading

  Hello. As I can see from your first post you are using a daily timeframe or am I mistaken?

  Since our code is tested once at each timeframe we cannot calculate anything on a hourly basis if 1 day TF is used.

  if you want to only have 3 trades a hour you need to lower your timeframe to a max of 15 min.

  Cheers Kasper

   

  

  Elsborgtrading

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  04/17/2017 at 12:18 PM #32292
  BestAlgoTrader

  That cose ewas example

  Please let me know how to do ot fpr a two minute chart

  I am using a 2 min timeframe

  Please use the code above and cchange it to two minute timeftame and enter the code to limit trading to three trades per hour max on a twp minute timeframe

  Thanks

  

  BestAlgoTrader

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  04/17/2017 at 12:40 PM #32293
  AutoStrategist

  Hi AlreadyRich,

  Seems my original code was not so good (TRADEINDEX counts all transactions) not as straightforward a problem as it first sight appeared.

  Attached is some code which I believe does what you want which I have tested on DAX and DJI 2 minute charts.  let me know if this works for you.

   

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  04/17/2017 at 2:19 PM #32310
  Elsborgtrading

  Hi Rich.

  I don’t know it this will work- I cannot find a test where I have 3 trades within one hour, so can you test this?

  // Definition of code parameters DEFPARAM flatafter =220000 DEFPARAM flatbefore=080000 DEFPARAM CumulateOrders = false // Cumulating positions DEFPARAM PRELOADBARS = 100 // Cumulating positions deactivated // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 // Conditions to enter long positions indicator1 = Stochastic[14,3](close) c1 = (indicator1 CROSSES OVER 70) indicator2 = Average[200](close) c2 = (close > indicator2) OnMarketBarCount=barindex-tradeindex once CountOfTrades =0 once trade =0 //once test1=1 //if OnMarketBarCount<=30 then IF OnMarketBarCount[1]<OnMarketBarCount THEN CountOfTrades=CountOfTrades elsif not onmarket then//OnMarketBarCount[1]>OnMarketBarCount THEN mytime=time CountOfTrades=CountOfTrades+1 endif if mytime+010000<=time and countoftrades<=3 then trade=1 elsif mytime+01000<=time and countoftrades>=3 then trade=0 countoftrades=0 endif //endif IF (c1 AND c2) AND not daysForbiddenEntry and CountOfTrades<=3 and trade THEN BUY 1 PERPOINT AT MARKET ENDIF //graph time COLOURED(0,0,0) AS "time" //graph CountOfTrades COLOURED(0,0,0) AS "CountOfTrades" //graph trade COLOURED(0,0,0) AS "trade" //graph mytime COLOURED(0,0,0) AS "mytime"

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  // Definition of code parameters DEFPARAM flatafter =220000 DEFPARAM flatbefore=080000 DEFPARAM CumulateOrders = false // Cumulating positions DEFPARAM PRELOADBARS = 100   // Cumulating positions deactivated // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 // Conditions to enter long positions indicator1 = Stochastic[14,3](close) c1 = (indicator1 CROSSES OVER 70) indicator2 = Average[200](close) c2 = (close > indicator2)     OnMarketBarCount=barindex-tradeindex once CountOfTrades =0 once trade =0 //once test1=1 //if  OnMarketBarCount<=30 then IF OnMarketBarCount[1]<OnMarketBarCount THEN   CountOfTrades=CountOfTrades elsif not onmarket then//OnMarketBarCount[1]>OnMarketBarCount THEN mytime=time CountOfTrades=CountOfTrades+1   endif if mytime+010000<=time and countoftrades<=3 then trade=1 elsif mytime+01000<=time and countoftrades>=3 then trade=0 countoftrades=0 endif //endif   IF (c1 AND c2) AND not daysForbiddenEntry and CountOfTrades<=3 and trade THEN   BUY 1 PERPOINT AT MARKET ENDIF   //graph time COLOURED(0,0,0) AS "time" //graph CountOfTrades COLOURED(0,0,0) AS "CountOfTrades" //graph trade COLOURED(0,0,0) AS "trade" //graph mytime COLOURED(0,0,0) AS "mytime"

   

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  Elsborgtrading

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  04/17/2017 at 3:03 PM #32311
  Elsborgtrading

  I see a error- line 32 is missing a 0

  elsif mytime+010000<=time and countoftrades>=3 then

  1	elsif mytime+010000<=time and countoftrades>=3 then

   

  

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  04/17/2017 at 3:42 PM #32313
  BestAlgoTrader

  thanks – i will test now

  

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  04/18/2017 at 12:19 AM #32368
  BestAlgoTrader

  the backtest isnt working – i am getting results of no trades

  

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  04/18/2017 at 12:27 AM #32371
  BestAlgoTrader

  Hi Autostrategist,

   

  your code seems like its on the right track however its still slightly off

   

  can you please create it in the same format as how the simplified creation normally creates its code.. i have pasted my code below…can you please merge the two into one code –  so that my below code is set to place no more than 3 trades per hour? thanks in advance

   

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 // Conditions to enter long positions indicator1 = Stochastic[14,3](close) c1 = (indicator1 CROSSES OVER 70) indicator2 = Average[200](close) c2 = (close > indicator2) IF (c1 AND c2) AND not daysForbiddenEntry THEN BUY 1 PERPOINT AT MARKET ENDIF // Stops and targets SET TARGET pPROFIT 10

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0   // Conditions to enter long positions indicator1 = Stochastic[14,3](close) c1 = (indicator1 CROSSES OVER 70) indicator2 = Average[200](close) c2 = (close > indicator2)   IF (c1 AND c2) AND not daysForbiddenEntry THEN BUY 1 PERPOINT AT MARKET ENDIF   // Stops and targets SET TARGET pPROFIT 10

   

   

  

  BestAlgoTrader

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  04/18/2017 at 7:37 PM #32506
  AutoStrategist

  Hi Rich,

  I took my code and added it in to yours.  You are a very brave man if you are running that strategy live, I wish you well with it. You know what they say if something looks too good to be true…

   

   

   

  

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