Sequential Losses

July 30th, 2021, 09:00 PM

Hi My Favorite Community,

My sellshort criteria is go ahead when the price close is above the upper bolinger band. I'm getting sequential losses when (this is a renko chart btw). Usually there's a green bar above the up band, I sell short, and the price retraces to the 20 moving average. But sometimes you have a green bar above the up band, it goes short, another green bar, stop loss, and then another green bar, stop loss, and so on. I just want to say, try twice, then wait 20 bars (as an example). After three hours of research I cant find the answer. Any help would be wonderfully appreciated. Let me know if I cant assist in any way as well. But please help me from banging my head against the wall repetitively. I cant find the answer : )

Thanks,
Ryan (jkepha)

July 31st, 2021, 01:59 PM

Maybe something like

If (PositionProfit[1] < 0 and PositionProfit[2] < 0 and BarsSinceExit[1] <20) then DON'T TRADE

August 3rd, 2021, 09:40 PM

ah i figured it out, thanks. there was a thread on here that addressed it. thanks sir!

Sequential Losses

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Sequential Losses