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Allow only one trade since crossover
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Allow only one trade since crossover

  #1 (permalink)
Elite Member
Australia
 
Futures Experience: Intermediate
Platform: Ninja
 
vast's Avatar
 
Posts: 167 since Jun 2009
Thanks: 154 given, 59 received

Allow only one trade since crossover

Just wondering if there is a way to only allow one trade in a direction since a crossover had occurred?
Once that trade has completed, it would require the crossover to take place again before it would allow a trade to trigger again.

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  #2 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
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If you use CrossBelow and CrossAbove just specify the number of bars back it is allowed to occur.

Then evaluate for true.

 
Code
                            

if (CrossAbove(myDataSeriesvaluetocrossabovebarsbacktoallow))
 Print(
"Yup we crossed above the value within the allowed bars");
else
 Print(
"Nope"); 
vast, if you have a specific idea for an indicator or strategy you may wish to consider hiring the work done then you can learn from the end result (code) and make future enhancements on your own. I've been suggesting this method for over a year including before I started offering my programming services for sale.

Mike

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  #3 (permalink)
Elite Member
Australia
 
Futures Experience: Intermediate
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vast's Avatar
 
Posts: 167 since Jun 2009
Thanks: 154 given, 59 received


Thanks Mike.
At present it is only fiddling with ideas. Wether they are any good is another question.
Thanks for the idea/offer

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