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Wait one candle

umebon · 2019-09-07T16:33:40+00:00

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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ProOrder: Automated Strategies & Backtesting
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

Legend
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.

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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
7 years ago.

Topic Details

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

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Wait one candle

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Wait one candle ProOrder: Automated Strategies & Backtesting

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Wait one candle

ProOrder: Automated Strategies & Backtesting