Strategy to open only 1 trade

January 22nd, 2011, 11:24 PM

I am new to programimg and I am looking for idea how to make the strategy execute 1 trade only and then close down. for the next trade trader needs to start Strategy again . Later on I woould like to add choice of entry "Number of lots, direction to trade...". This could be more partially-automated Strategy. Hopefully we can change indicators inside and test indicators.
If somebody knows simillar Strategy ,please let me know.

thanks
peter88

January 23rd, 2011, 06:37 AM

This is very easy:
- define a boolean variable

Code

                            
#region variables
bool trade_already_done = false;
#endregion

- before the trade, check this value, and when your first trade is take, change it:

Code

                            
protected override void OnBarUpdate() {
if (Historical==false)  // if we want it to works on realtime data only
  return;
if (trade_already_done==true) // the strategy has already took a trade, so let it sleep
  return;
if (Close[0]>Close[1] {
  EnterLong();
  trade_already_done=true;
  }
if (Close[0]<Close[1] {
  EnterShort();
  trade_already_done=true;
  }
}

Not tested at all, but that's the idea.

January 23rd, 2011, 07:43 AM

Don't forget to reset it each day, I think you can check Bars.SessionBreak()

Mike

January 23rd, 2011, 05:38 PM

Thanks Big Mike and sam028. Its very incouraging to see replays. I am learning and studying and once I have basic "General Strategy" running I put it here for further development. I started with idea to create "General Strategy" which can handle 1 to x lots with money management similar to ATM in Ninja.

It needs Sl, TP, TS for every lot independent. I think I start with 1 lot. Doing it myself because I want to understand exactly how it works. Any reasonable indicator should be easilly plug in and this way we can test for good signal indicator or indicators.

For any indicator: First step in testing indexes,oil is to have 1 lot tested with basic TP=4ticks and SL=x. If we cannot reach 50% of trades 4ticks at the beginning I think we dont have good entry signal. I see that udjusting parameters can improve profitability in backtest. But we need to start with good signal in the first place.

I am using Big Mike Strategy which he created in his video.His Excellent video made me started.

thanks again
peter88

January 23rd, 2011, 06:50 PM

If you want to create a generic strategy, take @MWinfrey's one, you can find it here.
He has made a very good job with this strategy, you have all you need in it, and it's also a very good way to understand how it works.

January 24th, 2011, 12:37 AM

Thanks Sam028,

You are very helpfull. I downloaded General strategy and will try to learn from it .

thanks
peter88

January 25th, 2011, 12:47 PM

Hi ,

I will continue discussion about this subjest at new thread; Strategy SEMI AUTOMATED.

Strategy SEMI AUTOMATED

Hi Mike and All,

I am starting this thread for the following reasons:

1) I am looking for tool which allow me to slowly develop idea from manual trading to semi-automated and at the end fully automated strategy.
The reason is that I believe that everybody …

thanks
peter88

Strategy to open only 1 trade

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Strategy to open only 1 trade