I appreciated seeing this code, which is very
relevant to an issue I've been trying to solve. I've posted a couple
times on this topic in the past days. It also relates to the topic of
loops which has been discussed recently. Here's the proposed
code:
Setup = your buy condition;
Tradedate = ValueWhen(setup,DateNum(),1);
LastTradedate = Ref(Tradedate,-1);
Otpd = Tradedate > Lasttradedate;//only one trade per
day
Buy = Otpd AND
Setup;
However, there’s a general problem with
this code, I believe. It probably
works fine most of the time, but is not really doing what you want it to. The problem is that you are trying to
base a trade on a past result. But that past result is determined by the
current trade.
The idea is
1.
Set up your temporary trade conditions
(setup)
2.
Check to see if those temporary trade
conditions were true in the past
3.
Trade on the basis of both 1 and
2
The problem is that step 1 should really
be checking to see if the actual trade (step 3) occurred in the past. However the current code only checks
whether step 1 occurred in the past.
In some cases this could cause a problem because step 1 may indicate that
a trade has been taken when in fact it has not. I am not sure I have this right, and if I am
right I am not sure that this can be solved without using
loops.
Your
thoughts appreciated....
Chuck
----- Original Message -----
Sent: Friday, September 30, 2005 8:08
AM
Subject: Re: [amibroker] No more than 1
trade per day
Hello Barry,
i also trade forex and have written such
code a few months ago.
I have searched my files right now and have found
the following code.
Check it out, i have not tested it right
now.
Setup = your buy
condition;
Tradedate = ValueWhen(setup,DateNum(),1);
LastTradedate = Ref(Tradedate,-1);
Otpd = Tradedate >
Lasttradedate;//only one trade per day
Buy = Setup;
Regards
Thomas
www.tradingbasis.com
Barry Seeger wrote:
How can I require that there be
no more than 1 trade per day?
I’m trading forex, on one
currency, and I want to require that if there has been a Buy or Sell today,
then take no more trades today.
Something like: Buy = conditions
AND DayofWeek() > or < DayofWeek() for last Buy or Sell, but I don’t
know how to write it.
The “or <” would allow for
Mondays.
Thanks for your
help.
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