Trades count

(login for full post details)

Hi, I would like to stop my strategy from trading if X happens. e.g, if the High of the previous day is violated before the specified time window, I do not want to take any trade during that specific day.
I tried the following solution without any result:

Code

//15-minute chart and Daily as Data2 
 
input: StartTime(200); 
 
var: ET(0); 
      ET = Entriestoday(date[0]); 
       if close > High[1] of Data2 and Time < StartTime then ET = 1 // increase Entriestoday(date[0]) by 1 if that happened before 2am 
  
// Entry 
 
if Entriestoday(date[0]) < 1 and Time > StartTime then // if the previous daily high was not violated, Entriestoday(date[0]) should be < 1 hence take the trade 
{insert entry rules};

Let me know, thank you.

(login for full post details)

soacm

ET = Entriestoday(date[0]);

Where did you find out about EntriesToday ? It's not in the MC Wiki, not in the Powerlanguage PDF either.

(login for full post details)

syswizard

Where did you find out about EntriesToday ? It's not in the MC Wiki, not in the Powerlanguage PDF either.

TradeStation

(login for full post details)

soacm

TradeStation

Ah....it's not in Multicharts. Sorry, can't help you then.

(login for full post details)

syswizard

Ah....it's not in Multicharts. Sorry, can't help you then.

Any solution is fine as long as it does the same job.

(login for full post details)

You could use "TotalTrades" if your Instrument settings are set for the current day only.

Otherwise, you must roll your own since the built-in function is not working.

Vars:
vMP(0)
,cCntr(0)
;
vMP = MarketPosition;

If Time > Sess1FirstBarTime and Time[1] < Sess1FirstBarTime Then
vCntr = Iff(vMP <>0,1,0); ///initialize at start of trading

vCntr = Iff(vMP <> vMP[1],vCntr+1,vCntr); // increment if a new position is taken

So put this into a function and return the vCntr variable value.

kevinkdog · (login for full post details)

if the High of the previous day is violated before the specified time window, I do not want to take any trade during that specific day.

input: timew(1000);
var: CanTrade(True);

if date<>date[1] then CanTrade=True; //resets at midnight every new day

If high>close[1] of data2 and time<timew then CanTrade=False;

If CanTrade and {your criteria} then buy next bar at market;

(login for full post details)

kevinkdog

if the High of the previous day is violated before the specified time window, I do not want to take any trade during that specific day.

input: timew(1000);
var: CanTrade(True);

if date<>date[1] then CanTrade=True; //resets at midnight every new day

If high>close[1] of data2 and time<timew then CanTrade=False;

If CanTrade and {your criteria} then buy next bar at market;

Thank you for your replies; @kevinkdog I thought it was the right solution, but still, it executes the trade.

Tried to use Totaltrades which stopped executing the trades after the previous high was violated but stopped executing even other trades that were respecting the rules:

Code

input: StartTime(200);
var: TT(0);

if Date <> Date[1] then 
TT = 0;

if Close > High[1] of Data2 and Time < StartTime then TT = 1;

if TT = 0 then 
{insert entry rules};

Any other suggestions?

kevinkdog · (login for full post details)

I would use print statements to debug what I wrote. It could be that close[1] of data2 is not what you think.

(login for full post details)

kevinkdog

I would use print statements to debug what I wrote. It could be that close[1] of data2 is not what you think.

It worked, thank you Kevin.

Trades count

Discussion in EasyLanguage Programming

Trades count

NinjaTrader Indicator Challenge!