Limit number of order to 2 per day

• 10/02/2024 at 3:51 PM #238421
  VarmaRudra

  I have developed a trading strategy and backtested the same using ProRealtrade. I used OTD = Barindex - TradeIndex(1) > IntradayBarIndex to limit the order to one per day. Now i want to see how the results are if i increase number of trades per day to two.

  I searched in the forum below and found below code should be used to limit orders per day to two. However, i am struggling to understand how this code works and it’s not currently delivering my need.

  ( (not onmarket and onmarket[1] and not onmarket[2]) or (tradeindex(1)=tradeindex(2) and tradeindex(1)=barindex[1] and tradeindex(1)>0) )

  Please can i get some help in limiting number of order per day to 2 and this can be configurable..

  

  VarmaRudra

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  10/02/2024 at 3:58 PM #238426
  robertogozzi

  There you go:

  ONCE MaxTrades = 2 ONCE Tally = 0 // // reset the TALLY each new day // IF IntraDayBarIndex = 0 THEN Tally = 0 ENDIF // // enter a trade when conditions are met AND the trade to be opened doesn't exceed MaxTrades IF MyLongConditions AND (Tally < MaxTrades) THEN BUY 1 CONTRACT AT MARKET Tally = Tally + 1 ELSIF MyShortConditions AND (Tally < MaxTrades) THEN SELLSHORT 1 CONTRACT AT MARKET Tally = Tally + 1 ENDIF SET STOP pLOSS 100 SET TARGET pPROFIT 200

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  ONCE MaxTrades = 2 ONCE Tally     = 0 // // reset the TALLY each new day // IF IntraDayBarIndex = 0 THEN    Tally = 0 ENDIF // // enter a trade when conditions are met AND the trade to be opened doesn't exceed MaxTrades IF MyLongConditions AND (Tally < MaxTrades) THEN    BUY 1 CONTRACT AT MARKET    Tally = Tally + 1 ELSIF MyShortConditions AND (Tally < MaxTrades) THEN    SELLSHORT 1 CONTRACT AT MARKET    Tally = Tally + 1 ENDIF SET STOP   pLOSS   100 SET TARGET pPROFIT 200

   

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  Iván, VarmaRudra

  

  robertogozzi

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  10/02/2024 at 8:44 PM #238434
  VarmaRudra

  Thats brilliant. Thank you.

  1 user thanked author for this post.

  robertogozzi

  

  VarmaRudra

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