Hello,
Is there a way to code or an option that allows for a cooling off period after a bad trade. It can be either "don't trade for another 5 minutes" or "don't trade the next same signal"?

You can code just about anything. It can be done. However, I don't have the code to do so or I would give it to you. You might want to really check how that affects your expectancy. Often you get a win right after a loss. If you have stats that tell you to do it can be a good idea. If it is just to try to soothe yourself psychologically might lose more money by implementing code like that.

thanks liquid. You're likely very right. I think i need to figure out an additional indicator that tells me not to make that trade. But if someone does have code for this, would love to see it.

For NinjaTrader, check out BarsSinceExit (I think thats it).

Mike