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.