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Entries per day limit


Discussion in EasyLanguage Programming

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Entries per day limit

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  #1 (permalink)
soacm
Bucharest, Romania
 
 
Posts: 28 since Mar 2022
Thanks: 21 given, 5 received

Hi, I have an intraday strategy that is active after the close of the regular session (after 18.00 exchange time) to 6.00. Since I want it to take only one trade per day I used the function entriestoday(date[0]) < 1. The issue is that if the strategy takes a trade between 18.00 and midnight and then closes it either if stop loss or target is hit, the function entriestoday(date[0]) does not stop the strategy from taking another trade after midnight if the entry criteria is met. Is there a way to get around it? Maybe a different function that refers to the entire regular session from open to close?

Thank you.

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  #2 (permalink)
 Rovo27 
Austin + TX/United States
 
Experience: Intermediate
Platform: Ninjatrader 8
Trading: NQ
 
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Posts: 4 since Aug 2020
Thanks: 1 given, 5 received

The easiest way to do this would be to initialize an int i before any of your other strategy logic.
eg.
int i;
Next at the time that you want to begin trading, set i=0
eg.
if(ToTime(Time[0]) == 180000) i=0;
In the conditional if statement that would trigger your entry order, include
&& i < 1 and in the line after your entry order placement line, write i++;
eg.
if(CrossAbove(EMA(20),EMA(50),1) && i<1)
{
EnterLong();
i++;
}

Note: I donít use EasyLanguage so this is based on NT8 C#. But the underlying logic principles still apply. Essentially, you need to avoid using the predefined function that will reset entries at midnight and manually increment an entry order count and reset it to zero when you want the next trading session to start.

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  #3 (permalink)
soacm
Bucharest, Romania
 
 
Posts: 28 since Mar 2022
Thanks: 21 given, 5 received



Rovo27 View Post
The easiest way to do this would be to initialize an int i before any of your other strategy logic.
eg.
int i;
Next at the time that you want to begin trading, set i=0
eg.
if(ToTime(Time[0]) == 180000) i=0;
In the conditional if statement that would trigger your entry order, include
&& i < 1 and in the line after your entry order placement line, write i++;
eg.
if(CrossAbove(EMA(20),EMA(50),1) && i<1)
{
EnterLong();
i++;
}

Note: I donít use EasyLanguage so this is based on NT8 C#. But the underlying logic principles still apply. Essentially, you need to avoid using the predefined function that will reset entries at midnight and manually increment an entry order count and reset it to zero when you want the next trading session to start.

Thank you, will give it a try.

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Last Updated on July 1, 2022


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