Number of Trades Coding Help

[JKLM 10]

I need my strategy to take only specified amount of traders per day, so I can avoid overtrading

can this be coded in tradestation ?

[statsign 10]

sure - declare variables

 

wrap your order code inside of -

if tradecount < mynumber then begin

 

end;

 

reset a trade count every day -

if d <> d[1] then tradecount = 0;

 

make a trade count -

if marketposition <> 0 and docount = 0 then begin

docount = 1;

tradecount = tradecount + 1;

end;

if marketposition = 0 then docount = 0;

[EasyTrader_I 10]

Hi statsign,

 

To make it simpler, you can try

if entriestoday(Date) < x then 
begin
Buy condition 
Sell Short Condition
End;

 

Thanks,

EasyTrader_I

[statsign 10]

EasyTrader_I , I code for speed, a counter in a strategy is faster, I don't use any functions in a stategy

[JKLM 10]

thanks EasyTrader_I and statsign !!!

 

I first try EasyTrader_I suggestion , and it worked OK in backtested chart

however when I start playback in multichart ..it didnt work

maybe this is some kind of multichart bug ..

 

than I try statsign version ..but I wasn't able to make it work at all even on bactested chart

 

not sure what docount var do ?

Edited February 18, 2011 by JKLM

[statsign 10]

My apologies JKLM, I thought I was subscribed to thread but received no indication of your post. Forgot I posted here or wouldn't have opened it now.

 

docount stops the tradecount from continuously incrementing when in a trade