Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

binthere

Stop Trading Counter

Recommended Posts

hi guys,

using tradestation 8.8

I'm looking for a way to have my strategy stop trading for "x" amount of minutes after

"y" number of winning trades or

"z" number of loosing trades

thanks for your help!!

binthere

Share this post


Link to post
Share on other sites

Hi,

 

If you are using intraday time based charts, you can use the EasyLanguage reserved word BarInterval to count time in multiples of your chart inverval. You could also simply stop your stragegy for X bars. You can also access the PC clock to get the time that way.

 

There are reserved words for all the variables you mention in your question.

 

Best Regards,

Scott

Share this post


Link to post
Share on other sites

How much experience do you have with EasyLanguage? You can use the PositionProfit function to count the losers and winners then when you reach the count use calctime to time it. Don't forget to re-set the count at the end of the day or session. If you like I can code it up for you (no charge) but if you are experienced then this info should answer your question. Glad to help if you want me to code it.

 

Randall

Share this post


Link to post
Share on other sites

thank's for the response, i'm trying to do this baby steps, first making the strategy stop trading when a specific number of winners or loosers is hit but it seems it's not working

could someone look at the code and help me out to understand what i'm doing wrong?

thanks, binthere

Input:

NumberWinningTrades( 111 ),

NumberLosingTrades ( 111 );

 

Vars:

WinTrades( 0 ),

LosTrades( 0 ),

tradeOn (true);

 

If time = 0 then

Wintrades = NumLosTrades ;

Lostrades = NumWinTrades ;

 

IF ( Wintrades >= NumberWinningTrades) or (LosTrades >= NumberLoosingTrades) then

tradeOn (false)

else

begin

 

//strategy entries

 

//strategy exits

Share this post


Link to post
Share on other sites

Hi,

 

If that is the actual code, you are missing Begin/End after If time = 0 but time isn't ever 0 (it the time at the end of the bar), so your initialization wouldn't ever happen. Use either the Once keyword or a bool variable like needInit and then once you have done your initialization set it equal false.

 

I also assume you are incrementing the winning/losing trade counters somewhere in your code.

Share this post


Link to post
Share on other sites

Randall

well this is the first time i actually code a strategy and have no prior developing experience, i've been strugling to make this hapen if you could help me out coding it would greatly appreciate it!!

every word i've used in the above code has taken me for ever to understand it and try to implement it

cheers!!, binthere

Share this post


Link to post
Share on other sites

There are many ways to do it but I slapped this together and it should do what you want.

Could probably be done a little neater but it does verify.

 

Input: NumberWinningTrades(111), NumberLosingTrades (111), TimeOutMin(15);

 

Vars: TradeOff(FALSE), StopTime(0), StartAgainTime(0), WinTrades(0), LoseTrades(0),

LCount(0), WCount(0);

 

LoseTrades = NumLosTrades;

WinTrades = NumWinTrades;

 

//reset win/lose and TradeOff here on start of new day or firstbar after maxbarsback

//I am resetting it on new day but you can reset with anything, session time, another calctime, etc., etc.

if currentbar = 1 or date <> date[1] then begin

TradeOff = FALSE;

WCount = 0;

LCount = 0;

end;

 

//track win/lose trade count

if LoseTrades > LoseTrades[1] then LCount = LCount +1;

if WinTrades > WinTrades[1] then WCount = WCount +1;

 

//set TradeOff to TRUE and StopTime to time when win/lose trades was exceeded

if (WCount >= NumberWinningTrades) or (LCount >= NumberLosingTrades) then begin

TradeOff = TRUE;

StopTime = time;

end;

 

//calculate time to start again (add TimeOutMin to StopTime)

StartAgainTime = calctime(StopTime, TimeOutMin);

 

//reset TradeOff to FALSE after TimeOutMin to allow trading again on the same day

//reset trade counters to zero also

if TradeOff = TRUE and time > StartAgainTime then begin

TradeOff = FALSE;

WCount = 0;

LCount = 0;

end;

 

//allow entries

if TradeOff = FALSE then begin

 

//strategy entries

 

end;

Share this post


Link to post
Share on other sites

Randall, this is HUGE!!!!

thanks for your help!, i've been strugling for over a week to get to the code i had posted earlier... and to get to the code you did it would have taken me a gazillion years in a very frustrating journey.

i can't thank you enough for your help

cheers,, keep it spinning!

binthere

Share this post


Link to post
Share on other sites

Well, binthere got back to me and said the code would not start trading again after the time out. That's what I get for not testing my code :crap:. Below it is fixed and tested :-). It will reset on a change in date or exceeding the win/loss amount and will not trade for the time out period after that change. There are other ways to reset it, such as session end, session start, a specific time, etc., etc.

 

I have included the code here as a simple system that buys on one bar and exits on the next. I have also included the code (at bottom of system code) I use for de-bugging with the expert commentary. Just set the "Comm" input to true and using the expert commentary you can click anywhere on the chart to see the values at the close of that bar. Many people may also use a print statement for de-bugging but I personally prefer to use the commentary.

 

All of this goes to show something that I learned a long time ago but foolishly failed to implement here- always, always check your code to make sure it is doing what you think. More often than not code looks great and might do what you think part of the time but check, re-check, and re-check again. I hate to imagine how many great ideas have been discarded because they were coded wrong and failed.

 

I apologize for the error. ELD attached, coded in TS 8.6

 

 

Input: NumberWinningTrades(5), NumberLosingTrades (5), TimeOutMin(5), Comm(FALSE);

 

Vars: TradeOff(FALSE), StopTime(0), StartAgainTime(0), WinTrades(0), LoseTrades(0),

LCount(0), WCount(0), MP(0);

 

LoseTrades = NumLosTrades;

WinTrades = NumWinTrades;

MP = marketposition;

 

 

//reset all on date change or first bar

//you could reset here for whatever you choose

if currentbar = 1 or date <> date[1] then begin

StopTime = time;

StartAgainTime = calctime(StopTime, TimeOutMin);

TradeOff = TRUE;

WCount = 0;

LCount = 0;

end;

 

//track win/lose trade count (note reset above and date = date[1])

//will not carry count over after date change- easy to change this

if date = date[1] then begin

if LoseTrades > LoseTrades[1] then LCount = LCount +1;

if WinTrades > WinTrades[1] then WCount = WCount +1;

end;

 

//set TradeOff to TRUE and StopTime to time when win/lose trades was exceeded

if (WCount >= NumberWinningTrades) or (LCount >= NumberLosingTrades) then begin

TradeOff = TRUE;

StopTime = time;

//calculate time to start again (add TimeOutMin to StopTime)

StartAgainTime = calctime(StopTime, TimeOutMin);

WCount = 0;

LCount = 0;

end;

 

//reset TradeOff

if TradeOff = TRUE and time >= StartAgainTime then TradeOff = FALSE;

 

//allow entries

if TradeOff = FALSE then begin

 

if MP = 0 then buy next bar at market;

 

end;

 

if MP = +1 then sell next bar at market;

 

 

//beging expert commentary code used for debugging

if Comm then begin

 

Vars: Str0(""),

Str1(""),

Str2(""),

Str3(""),

Str4(""),

String1("");

 

#BeginCmtryOrAlert

if CommentaryEnabled and AtCommentaryBar then begin

 

if TradeOff = TRUE then Str0 = "TRUE" else

Str0 = "FALSE";

 

String1 =

newline +

newline + " TimedTrades_Sys " +

newline +

newline + " Date = " + NumToStr(Date, 0) +

newline + " Time = " + NumToStr(Time, 0) +

newline + " Open = " + NumToStr(Open, 4) +

newline + " Close = " + NumToStr(Close, 4) +

newline + " High = " + NumToStr(High, 4) +

newline + " Low = " + NumToStr(Low, 4) +

newline +

newline + " MP = " + NumToStr(MP, 0) +

newline + " TradeOff = " + Str0 +

newline + " StopTime = " + NumToStr(StopTime, 0) +

newline + " StartAgainTime = " + NumToStr(StartAgainTime, 0) +

newline + " LoseTrades = " + NumToStr(LoseTrades, 2) +

newline + " WinTrades = " + NumToStr(WinTrades, 2) +

newline + " WCount = " + NumToStr(WCount, 2) +

newline + " LCount = " + NumToStr(LCount, 2) +

newline +

newline;

Commentary(String1);

end;

#end;

end;// comm end

TIMEDTRADES.ELD

Share this post


Link to post
Share on other sites

You are very welcome. I received a lot of help from a lot of people over the years and very honestly continue to receive help. This is one of the toughest professions in the world and at very least it could become just a little easier if we help one another. Feel free to ask anytime.

 

Regards, Randall

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.