CO/USA
Experience: Intermediate
Platform: TradeStation, Multicharts
Trading: Stocks, Futures
Posts: 129 since Jun 2020
Thanks Given: 70
Thanks Received: 157
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Might be able to use the NetProfit call. I haven't done this to reduce trading but I have used it for scaling and compounding within a strategy. There is also OpenPositionProfit. The NetProfit does not include current position until it's closed I am pretty sure.
Possibly something like an if statement with NetProfit < NetProfit[1] to then set a bartimer. Could call currentbar + 5 then set entry parameters on that. Or just a countdown.
I really don't recommend this though. From my experience, my best trades are typically just after my worst trades. It would be better to find out why those market conditions might be bad to trade for a few days and limit through an indicator. Let the market tell you when to trade rather than an arbitrary timer.
If you cannot identify then you cannot filter it and that's okay. Edges don't tell you when a trade is going to work. Edges only tell you that you should be profitable over a larger set of trades. The key is to trade every single one though, unless you have data to suggest you shouldn't.
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