Skip or paus trading signal until X happens

• 12/28/2024 at 10:08 PM #241862
  Vicke1990

  Hi fellow traders and programmers,

  I have an issue that I would really appreciate some help with, and if possible hopefully resolve.

  I want my algo to skip/ paus/ ignore all long OR short signals or
  If I have 2 consecutive losses in the same direction, and dont trade the same direction again until after a trade the opposite direction has occurred or until after a certain time-period.

  Is this at all possible?

  Thank you so much,

  With kind regards,
  Victor

  

  Vicke1990

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  12/29/2024 at 10:36 AM #241871
  robertogozzi

  In your sentence “I want my algo to skip/ paus/ ignore all long OR short signals or”

  What is missing after the last OR?

   

  

  robertogozzi

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  12/29/2024 at 6:13 PM #241904
  Vicke1990

  robertogozzi wrote:

  In your sentence “I want my algo to skip/ paus/ ignore all long OR short signals or”

  What is missing after the last OR?

  Hi Robertoogozzi,

  Sorry, the last OR is wrong.

  Kind regards, Victor

   

  

  Vicke1990

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  12/30/2024 at 12:37 PM #241949
  robertogozzi

  There you go:

  ONCE LONGlosses = 0 ONCE SHORTlosses = 0 ONCE TradeLONG = 1 ONCE TradeSHORT = 1 ONCE Nbars = 20 //Number of bars (time) after which trading in a directuion is resumed ONCE BARtally = 0 // when a direction is disabled, increment the BAR count, till it reaches Nbars to reenable that direction IF (TradeLONG = 0) OR (TradeSHORT = 0) THEN BARtally = BARtally + 1 IF BARtally >= Nbars THEN TradeLONG = 1 TradeSHORT = 1 BARtally = 0 ENDIF ENDIF IF (StrategyProfit < StrategyProfit[1]) THEN // in case of a LOSS, increment the counter to tell when there are 2 consecutive losses in the same direction IF LongOnMarket[1] THEN LONGlosses = LONGlosses + 1 SHORTlosses = 0 IF LONGlosses = 2 THEN TradeLONG = 0 BARtally = 0 ENDIF ELSIF ShortOnMarket[1] THEN SHORTlosses = SHORTlosses + 1 LONGlosses = 0 IF SHORTlosses = 2 THEN TradeSHORT = 0 BARtally = 0 ENDIF ENDIF ELSIF (StrategyProfit > StrategyProfit[1]) THEN // in case of a WINNING trade, clear the consecutive LOSS count for both directions LONGlosses = 0 SHORTlosses = 0 ENDIF // LONG positions IF Not OnMarket AND (close CROSSES OVER average[20,0](close)) AND TradeLONG THEN BUY 1 Contract at Market TradeSHORT = 1 ENDIF // SHORT positions IF Not OnMarket AND (close CROSSES UNDER average[20,0](close)) AND TradeSHORT THEN SELLSHORT 1 Contract at Market TradeLONG = 1 ENDIF // SL & TP SET STOP %LOSS 1 SET TARGET %PROFIT 2 // debugging aids //graph LONGlosses coloured("Blue") //graph SHORTlosses coloured("Red") //graph BARtally coloured("Fuchsia") //graph TradeLONG //graph TradeSHORT

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56

  ONCE LONGlosses  = 0 ONCE SHORTlosses = 0 ONCE TradeLONG   = 1 ONCE TradeSHORT  = 1 ONCE Nbars       = 20    //Number of bars (time) after which trading in a directuion is resumed ONCE BARtally    = 0 // when a direction is disabled, increment the BAR count, till it reaches Nbars to reenable that direction IF (TradeLONG = 0) OR (TradeSHORT = 0) THEN    BARtally = BARtally + 1    IF BARtally >= Nbars THEN       TradeLONG  = 1       TradeSHORT = 1       BARtally   = 0    ENDIF ENDIF IF (StrategyProfit < StrategyProfit[1]) THEN    // in case of a LOSS, increment the counter to tell when there are 2 consecutive losses in the same direction    IF LongOnMarket[1] THEN       LONGlosses  = LONGlosses + 1       SHORTlosses = 0       IF LONGlosses  = 2 THEN          TradeLONG   = 0          BARtally    = 0       ENDIF    ELSIF ShortOnMarket[1] THEN       SHORTlosses = SHORTlosses + 1       LONGlosses  = 0       IF SHORTlosses = 2 THEN          TradeSHORT  = 0          BARtally    = 0       ENDIF    ENDIF ELSIF (StrategyProfit > StrategyProfit[1]) THEN    // in case of a WINNING trade, clear the consecutive LOSS count for both directions    LONGlosses  = 0    SHORTlosses = 0 ENDIF // LONG  positions IF Not OnMarket AND (close CROSSES OVER  average[20,0](close)) AND TradeLONG  THEN    BUY 1 Contract at Market    TradeSHORT  = 1 ENDIF // SHORT positions IF Not OnMarket AND (close CROSSES UNDER average[20,0](close)) AND TradeSHORT THEN    SELLSHORT 1 Contract at Market    TradeLONG   = 1 ENDIF // SL & TP SET STOP   %LOSS   1 SET TARGET %PROFIT 2 //     debugging aids //graph LONGlosses  coloured("Blue") //graph SHORTlosses coloured("Red") //graph BARtally    coloured("Fuchsia") //graph TradeLONG //graph TradeSHORT

   

   

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  robertogozzi

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  01/03/2025 at 4:42 PM #242120
  Vicke1990

  Thank you so much for your help robertogozzi 🙂

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  robertogozzi

  

  Vicke1990

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