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How to set daily limits on number of buys per day


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How to set daily limits on number of buys per day

  #1 (permalink)
WHOARU
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Posts: 3 since Jul 2011
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Has anyone made a script that sets a limit on how many buys or trades can be traded in a daily period?

Steve

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 Big Mike 
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Something along the lines of below, for MultiCharts at least:

vars:
nbrtradestoday (0);

if date <> date[1] then begin

nbrtradestoday = 0;

end;

if MarketPosition <> 0 and MarketPosition[1] = 0 then nbrtradestoday += 1;

if nbrtradestoday >= 1 then #return;

Have just typed it, not tested.

Mike

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  #4 (permalink)
WHOARU
BRISBANE
 
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Thanks Mike

Yes its for Multicharts

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  #5 (permalink)
TornadoES
Madrid, Spain
 
Posts: 7 since Feb 2016
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Hi everyone!

I am developing a system for the E-mini S&P and I am having some troubles limiting the number of trades per day. I have searched in the forum and i have found that there are some functions and reserved words such as entriestoday or entrydate which could be useful to limit the number of trades per day. However, they are limited to 10 positions ago and I would like to set the maximum number of buys to 25 or 30 per day.

Has anyone made a script that sets a limit on how many buys or trades can be traded per day? Anyone could give me some advice on how I could do it?

Thanks in advance.

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Last Updated on March 21, 2016


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