Stop all trading for day after 1 condition is met once.

Edwin Lefevre · (login for full post details)

Hi I am looking to stop all automated trading when a condition is met.

The condition typically only occurs once and then reverts back to the original state so I'm having trouble keeping trading stopped.

Condition1 = AvgTrueRange(1) >= 0.015;

Refers to one bar back.

How would I set this condition to continue being true after it has occured? Allowing for the creation of a statement to stop all trading for the day.

ABCTG · (login for full post details)

Edwin Lefevre,

you could use an if...then statement to set your Boolean variable to true. Then you can use another if... then statement to set it to back to false - for example on a new day.

Regards,

ABCTG

Edwin Lefevre

Hi I am looking to stop all automated trading when a condition is met.

The condition typically only occurs once and then reverts back to the original state so I'm having trouble keeping trading stopped.

Condition1 = AvgTrueRange(1) >= 0.015;

Refers to one bar back.

How would I set this condition to continue being true after it has occured? Allowing for the creation of a statement to stop all trading for the day.

Edwin Lefevre · (login for full post details)

ABCTG

Edwin Lefevre,

you could use an if...then statement to set your Boolean variable to true. Then you can use another if... then statement to set it to back to false - for example on a new day.

Regards,

ABCTG

Thanks ABC

I came up with this, and it seems to be working:

if avgtruerange(1) >= 0.015 then
volatility_stop = true;

if volatility_stop = true and time > 1705 and date > date[1] then
volatility_stop = false;

Stop all trading for day after 1 condition is met once.

Discussion in EasyLanguage Programming

Stop all trading for day after 1 condition is met once.

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