Limiting trades per session to 1 profit or 2 losses

• 05/10/2022 at 3:31 PM #193007
  Jaanboy321

  Hi Guys,

  Within the 2 trading sessions I’ve specified below I want to limit the number of trades as follows – I think this would be a good risk management device:

  After 1 trade closes in profit then no more trades in that session

  After 2 trades close with a loss then no more trades in that session

  Many thanks to anyone to can help out.

  Regards,

  John

   

  MA/EMA cross with sessions

  //TODO TO IMPROVE: // make TP a % of DAily ATR //limit so it stops after one profit per session //limit so it stops after 2 losses per session // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated //DEFPARAM FLATBEFORE = 130000 //DEFPARAM FLATAFTER = 130000 //<<<<<ALTER THIS TO CLOSING TIME!!!!!!!!!! ONCE UKAMopenstart = 093000 ONCE UKAMopenfinish =120000 ONCE UKAMexit =130000 ONCE USPMopenstart = 173000 ONCE USPMopenfinish =201500 //Exit after x minutes indicator11 = ADX[14] c11 = (indicator11[1] > 20.46) indicator1 = Average[3](close) //// note of4/4/22: changed this to [1] as NVIDIA and Micron didnt take and I'm wondering if thats the reason ? indicator2 = ExponentialAverage[9](close) b1 = (indicator1 < indicator2) indicator4 = Average[20](close) d1 = (indicator2 < indicator4) // Conditions to enter long positions IF NOT ShortOnMarket and ((time>=UKAMopenstart AND time<=UKAMopenfinish) or (time>=USPMopenstart AND time<=USPMopenfinish))AND b1 and d1 and c11 THEN SELLSHORT QTY LOT AT MARKET ENDIF // Conditions to exit long positions //timeframe(10 minutes, updateonclose) indicator23 = ExponentialAverage[9](close) c21 = (indicator21 > indicator23) IF c21 or (time=>UKAMexit and time<=USPMopenstart) or time>235900 THEN EXITSHORT AT MARKET ENDIF indicator211 = ADX[14] c211 = (indicator211[1] < 20.46) indicator21 = Average[3](close) //// note of4/4/22: changed this to [1] as NVIDIA and Micron didnt take and I'm wondering if thats the reason ? indicator22 = ExponentialAverage[9](close) b21 = (indicator21 > indicator22) indicator24 = Average[20](close) d21 = (indicator22 > indicator24) // Conditions to enter long positions IF NOT LongOnMarket and ((time>=UKAMopenstart AND time<=UKAMopenfinish) or (time>=USPMopenstart AND time<=USPMopenfinish))AND b21 and d21 and c211 THEN BUY QTY LOT AT MARKET ENDIF // Conditions to exit long positions //timeframe(10 minutes, updateonclose) indicator3 = ExponentialAverage[9](close) c21 = (indicator21 < indicator23) IF c21 or (time=>UKAMexit and time<=USPMopenstart) or time>235900 THEN SELL AT MARKET ENDIF SET STOP $LOSS 110 SET TARGET $PROFIT 31

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  //TODO TO IMPROVE: // make TP a % of DAily ATR //limit so it stops after one profit per session //limit so it stops after 2 losses per session         // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated //DEFPARAM FLATBEFORE = 130000 //DEFPARAM FLATAFTER = 130000 //<<<<<ALTER THIS TO CLOSING TIME!!!!!!!!!!   ONCE UKAMopenstart = 093000 ONCE UKAMopenfinish =120000 ONCE UKAMexit =130000   ONCE USPMopenstart = 173000 ONCE USPMopenfinish =201500   //Exit after x minutes   indicator11 = ADX[14] c11 = (indicator11[1] > 20.46)   indicator1 = Average[3](close) //// note of4/4/22: changed this to [1] as NVIDIA and Micron didnt take and I'm wondering if thats the reason ?   indicator2 = ExponentialAverage[9](close) b1 = (indicator1 < indicator2)   indicator4 = Average[20](close) d1 = (indicator2 < indicator4) // Conditions to enter long positions IF NOT ShortOnMarket and ((time>=UKAMopenstart AND time<=UKAMopenfinish) or (time>=USPMopenstart AND time<=USPMopenfinish))AND  b1 and d1 and c11 THEN SELLSHORT QTY LOT AT MARKET   ENDIF   // Conditions to exit long positions //timeframe(10 minutes, updateonclose) indicator23 = ExponentialAverage[9](close) c21 = (indicator21 > indicator23)   IF  c21 or (time=>UKAMexit and time<=USPMopenstart) or time>235900 THEN EXITSHORT AT MARKET ENDIF         indicator211 = ADX[14] c211 = (indicator211[1] < 20.46)   indicator21 = Average[3](close) //// note of4/4/22: changed this to [1] as NVIDIA and Micron didnt take and I'm wondering if thats the reason ?   indicator22 = ExponentialAverage[9](close) b21 = (indicator21 > indicator22)   indicator24 = Average[20](close) d21 = (indicator22 > indicator24) // Conditions to enter long positions IF NOT LongOnMarket and ((time>=UKAMopenstart AND time<=UKAMopenfinish) or (time>=USPMopenstart AND time<=USPMopenfinish))AND  b21 and d21 and c211 THEN BUY QTY LOT AT MARKET   ENDIF   // Conditions to exit long positions //timeframe(10 minutes, updateonclose) indicator3 = ExponentialAverage[9](close) c21 = (indicator21 < indicator23)   IF  c21 or (time=>UKAMexit and time<=USPMopenstart) or time>235900 THEN SELL AT MARKET ENDIF   SET STOP $LOSS 110 SET TARGET $PROFIT 31

  

  Jaanboy321

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