Wait one candle

• 09/07/2019 at 5:33 PM #106798
  umebon

  If my program exit a trade and I want it too wait for 1 or two candles (5min) before it take another position, how do I write that code?

  

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  09/07/2019 at 8:01 PM #106811
  robertogozzi

  You have to:

  • set a flag to enable or disable trading, default=enable
  • set a counter, default=0
  • disable trading when you are OnMarket
  • start counting as soon as a trade exited (you are not OnMarket, but were OnMarket the previous bar)
  • reenable trading as the counter reaches the limit you require

  Once TradeON = 1 //1=enabled 0=disabled Once Counter = 0 If OnMarket then TradeON = 0 Counter = 0 Endif If Counter >= 1 then Counter = Counter + 1 If Counter >= 3 then //reenable trading after 3 bars TradeON = 1 Counter = 0 Endif Endif If not OnMarket and OnMarket[1] then Counter = 1 TradeON = 0 Endif

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  Once TradeON = 1     //1=enabled   0=disabled Once Counter = 0 If OnMarket then    TradeON = 0    Counter = 0 Endif If Counter >= 1 then    Counter = Counter + 1    If Counter >= 3 then   //reenable trading after 3 bars       TradeON = 1       Counter = 0    Endif Endif If not OnMarket and OnMarket[1] then    Counter = 1    TradeON = 0 Endif

  Add TRADEON to your conditions.

   

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  umebon, Nicolas, Paul

  

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