Wait one candle

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

    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?

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

    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

    Add TRADEON to your conditions.

    Paul, Nicolas and umebon thanked this post
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Wait one candle


ProOrder: Automated Strategies & Backtesting

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umebon @umebon Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
6 years, 5 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 09/07/2019
Status: Active
Attachments: No files
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