one trade an hour on minute bar system

Viewing 9 posts - 1 through 9 (of 9 total)

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03/30/2023 at 7:46 AM #212477 quote

filemon1982
Participant

New

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,

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

Master
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)
1. Transaction closed at 16:15 then the next transaction can take place after 17:00… (part of an hour no transaction)
03/30/2023 at 9:22 AM #212510 quote

filemon1982
Participant

New

Hi JS, Thanks for the reply. I’m looking for a solution like your second option ( number 2). Kind regards,

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

Master
Hi, Try this one…
```
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
...
```
03/30/2023 at 10:28 AM #212520 quote

filemon1982
Participant

New

Thank you JS, I’ll try the code this evening at home and I’ll keep you posted! regards,

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

filemon1982
Participant

New

Unfortunate, it didn’t work out. The system kept generating orders during the same hour ( after the stoploss or stopgain was hit). regards,

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

JS
Participant

Master

Hi,

That’s strange because it works for me…

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

Schermafbeelding-2023-03-31-om-14.10.46.png

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

filemon
Participant

New

No, I just forgot to adjust the part in line nr. 9. It works great! thanks
JS thanked this post

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

JS
Participant

Master

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… 😉
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