From: amibroker@xxxxxxxxxxxxxxx
[mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf
Of Charles Stangor
Sent: Saturday, 1 October 2005
9:32 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: Re: [amibroker] No more
than 1 trade per day
----- Original Message -----
Sent: Saturday,
October 01, 2005 3:14 AM
Subject: Re:
[amibroker] No more than 1 trade per day
Hi Chuck,
i see no problem in the code because it compares the difference between the
current setup-date and the most recent setup-date.
Regards
Thomas
www.tradingbasis.com
Charles Stangor wrote:
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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