Restricting number of long/short trades on multicharts?

August 15th, 2020, 10:59 AM

Hey guys,

I was wondering if there are any keywords in multicharts to restrict the number of long trades and short trades taken in a day to 1?

I tried using maxtrades, but it just limits all the trades. So on a day if long has been triggered twice, then we end up taking them and ignoring the upcoming short trades.

Anyone?

August 16th, 2020, 03:31 PM

I'm afraid you can't achieve this with a simple keyword
but you will need to apply a code similar to this one :

Code

Inputs:
Longs(1),
Shorts(1);
Vars:
MP(0),LongsCounter(0),ShortsCounter(0),Longsignal(false),Shortsignal(false);

MP = Marketposition;
if Date <> Date[1] then begin
LongsCounter = 0;
ShortsCounter = 0;
end;
If MP = 1 and MP[1] <> MP then LongsCounter = LongsCounter + 1;
If MP = -1 and MP[1] <> MP then ShortsCounter = ShortsCounter + 1;
Longsignal = O > H[1];
Shortsignal = O < L[1];
If Longsignal and LongsCounter < Longs then buy next bar at market;
If Shortsignal and ShortsCounter < Shorts then short next bar at market;

August 16th, 2020, 04:08 PM

Kolnidrei

I'm afraid you can't achieve this with a simple keyword
but you will need to apply a code similar to this one :

Code

Inputs:
Longs(1),
Shorts(1);
Vars:
MP(0),LongsCounter(0),ShortsCounter(0),Longsignal(false),Shortsignal(false);

MP = Marketposition;
if Date <> Date[1] then begin
LongsCounter = 0;
ShortsCounter = 0;
end;
If MP = 1 and MP[1] <> MP then LongsCounter = LongsCounter + 1;
If MP = -1 and MP[1] <> MP then ShortsCounter = ShortsCounter + 1;
Longsignal = O > H[1];
Shortsignal = O < L[1];
If Longsignal and LongsCounter < Longs then buy next bar at market;
If Shortsignal and ShortsCounter < Shorts then short next bar at market;

Thanks a ton kolnidrei. I was worried that this could not be possible as one of the limits of "easy language". Thanks a ton for the template. Ur a lifesaver

Restricting number of long/short trades on multicharts?

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Restricting number of long/short trades on multicharts?