Waiting after a loss

• 02/28/2017 at 1:34 PM #26674
  verygrubby

  Hello all,

  Is there a way to tell a strategy to wait before opening a new trade after a loss? e.g. If a bet loses, I want my strategy to wait 10 minutes before considering entering a trade again (i.e. it should ignore any trade signals that might occur in that 10 minute period)

  Many thanks

  Geoff

  

  verygrubby

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  02/28/2017 at 8:27 PM #26739
  Big Hug

  Hi Geoff

  I’m just about to go out but you could try something like this ..this uses the bars as the time and looks to enter once the price has moved a certain distance from the first entry…

  IF c1 AND NOT LongOnMarket THEN BUY 2 PERPOINT AT MARKET ENDIF //let's add another order while price continue to move lower (more than 10 points) than the last order taken with a condition of 5 bars elapsed since then IF BARINDEX-TRADEINDEX(1)>20 AND Close-TRADEPRICE(1)>20 AND LongOnMarket THEN BUY 2 PERPOINT AT MARKET ENDIF

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  IF c1 AND NOT LongOnMarket THEN BUY 2 PERPOINT AT MARKET ENDIF   //let's add another order while price continue to move lower (more than 10 points) than the last order taken with a condition of 5 bars elapsed since then IF BARINDEX-TRADEINDEX(1)>20 AND Close-TRADEPRICE(1)>20 AND LongOnMarket THEN BUY 2 PERPOINT AT MARKET ENDIF

   

  

  Big Hug

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  03/01/2017 at 9:19 AM #26760
  Nicolas

  You can use BARINDEX and TRADEINDEX like Big Hug said in his previous post. You can also make comparison between schedules if you store “time” in a variable, when you launch an order.

  

  Nicolas

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  03/01/2017 at 9:54 AM #26763
  verygrubby

  thanks guys…will try that

  

  verygrubby

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  03/01/2017 at 11:47 AM #26775
  Big Hug

  “You can also make comparison between schedules if you store “time” in a variable, when you launch an order”

  Hi Nicolas –

  Are you referring to

  indicator3 = //whatever your condition is
  c3 = (indicator3 >=  X )AND TIME >090000 AND TIME <200000

  If not – I wondered if you could post an example of the  code when you have a moment

  …Thanks in advance

  

  Big Hug

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  03/01/2017 at 1:48 PM #26801
  Nicolas

  @Big Hug

  You can give a try with this code snippet for instance:

  if buycondition and minute-lasttime>10 or minute-lasttime>-50 then lasttime = minute buy 1 contract at market endif

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  if buycondition and minute-lasttime>10 or minute-lasttime>-50 then lasttime = minute buy 1 contract at market endif

   

  

  Nicolas

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