how to "not enter the market" if i just took a trade?

• 10/08/2018 at 11:20 PM #82315
  jebus89

  I want the rule to not enter the market if i have taken a trade within say the last 10 bars.

  By “taken a trade” i mean if i have just finished a trade. If the trade was profitable i  dont want to enter the market within the next 10 bars. If there is no way of seeing whether or not the last trade was a profit or loss  i would still try to backtest the rule.

  possible?

   

  

  jebus89

  Participant

  Topics: 118

  Replies: 586

  Been thanked: 238 times
  10/08/2018 at 11:31 PM #82316
  robertogozzi

  1. You have to use a variable to start counting bars when you exit a trade (you have to check you are NOT LONGONMARKET now but were LONGONMARKET the previous bar) and set another variable to disable trading
  2. After 10 bars you have to allow trading again

  ONCE BarCount = 0 ONCE TradeON = 1 //1=trading allowed 0=trading disbaled IF LongOnMarket AND Not LongOnMarket[1] THEN TradeON = 0 //disable trading BarCount = 0 //reset counter ENDIF IF Not LongOnMarket THEN //Increase counter when not on market BarCount = BarCount + 1 ENDIF IF BarCount > 10 THEN TradeON = 1 ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12

  ONCE BarCount = 0 ONCE TradeON  = 1           //1=trading allowed     0=trading disbaled IF LongOnMarket AND Not LongOnMarket[1] THEN    TradeON  = 0             //disable trading    BarCount = 0             //reset counter ENDIF IF Not LongOnMarket THEN    //Increase counter when not on market    BarCount = BarCount + 1 ENDIF IF BarCount > 10 THEN    TradeON = 1 ENDIF

  you’ll also have to add “AND TradeOn” to your condition to enter a new trade.

   

   

  1 user thanked author for this post.

  jebus89

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17088

  Been thanked: 4006 times
  10/09/2018 at 8:32 AM #82328
  GraHal

  added as Row 71 to 

  Snippet Link Library

  

  GraHal

  Participant

  Topics: 211

  Replies: 8761

  Been thanked: 2176 times
  10/09/2018 at 9:44 AM #82341
  jebus89

  Big thanks

  

  jebus89

  Participant

  Topics: 118

  Replies: 586

  Been thanked: 238 times
• Author
  Posts