one trade an hour on minute bar system

• 03/30/2023 at 7:46 AM #212477
  filemon1982

  Hi, fellow traders.

  I’ve made a breakout system on a minute bar chart.

  However, I want at max one trade on each hour frame.

  For example, when an order is executed at 16:05, and the stoploss/ gain is hit before 17:00, I don’t want the system to start a new trade ( if the variables are met) before 17:00.

  On the other hand, if the stoploss is not hit before 17:00 it should stay open.

  The reason I try to work with a minute bar system is because that way the ystem reacts faster on a  break-out ( with hour bars, you have to wait until the next hour).

  Is there a way to do this?

  kind regards,

  

  filemon1982

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  03/30/2023 at 9:02 AM #212506
  JS

  Hi,

  Do you really want a maximum of 1 transaction per hour or do you want a maximum of 1 transaction every hour…

  1. Transaction closed at 16:15 then the next transaction can take place after 17:15… (no transaction for a whole hour)

  2. Transaction closed at 16:15 then the next transaction can take place after 17:00… (part of an hour no transaction)

  

  JS

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  03/30/2023 at 9:22 AM #212510
  filemon1982

  Hi JS,

   

  Thanks for the reply. I’m looking for a solution like your second option ( number 2).

   

  Kind regards,

   

  

  filemon1982

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  03/30/2023 at 10:13 AM #212519
  JS

  Hi,

  Try this one…

  One trade a hour

  DefParam CumulateOrders=false If NOT OnMarket and (BarIndex - TradeIndex(1)) < CurrentMinute then TradeOn = 0 Else TradeOn=1 EndIf If MyConditions and TradeOn=1 then Buy 1 contract at Market ...

  1 2 3 4 5 6 7 8 9 10 11

  DefParam CumulateOrders=false   If NOT OnMarket and (BarIndex - TradeIndex(1)) < CurrentMinute then TradeOn = 0 Else TradeOn=1 EndIf   If MyConditions and TradeOn=1 then Buy 1 contract at Market ...

  

  JS

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  03/30/2023 at 10:28 AM #212520
  filemon1982

  Thank you JS,

   

  I’ll try the code this evening at home and I’ll keep you posted!

   

  regards,

  

  filemon1982

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  03/31/2023 at 7:21 AM #212587
  filemon1982

  Unfortunate, it didn’t work out.

  The system kept generating orders during the same hour ( after the stoploss or stopgain was hit).

  regards,

   

  

  filemon1982

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  03/31/2023 at 1:14 PM #212609
  JS

  Hi,

  That’s strange because it works for me…

  Maybe the cause is in another part of your code…?

  

  JS

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  04/01/2023 at 10:42 AM #212638
  filemon

  No, I just forgot to adjust the part in line nr. 9.

  It works great!

  thanks

  1 user thanked author for this post.

  JS

  

  filemon

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  04/01/2023 at 12:09 PM #212640
  JS

  After I thanked you (thanks) your “topic count” went from 1 to zero…

  And your replies went from 3 to 1…

  I better not thank you… 😉

  

  JS

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