Hello, I use EasyLanguage as my programming code with TradeStation. I'm having trouble telling the code not to enter a position if the previous position was closed in a stop loss. Does anyone have any suggestions? Thank you

It would help if you would provide a little more information about exactly what you want to do. Are you day-trading and want to experience no more than one losing trade per day?
Or do you have something else in mind? If you are day-trading, do you ever exit a trade at a loss before the end-of-session without being stopped out?

OMEGAA, have a look at the risk protection #2 on Kevin's website: https://kjtradingsystems.com/risk-protection-techniques.html.

it shows a simple approach to "wait a while after losing trade" and see if this is is what you are looking for. At tleast this may point you in the right direction.

Other good sources can be the tradestation forums (in case have not tried that already...) and the Easy Language Mastery Website: https://easylanguagemastery.com/. You can get good code scripts from both sites for free.

Hope that helps.

As the first entry, I write the exact date. For example, if I'm conducting a 3-year backtest, I specify the day: If marketposition=0 and time=time_ and date=dateexactly, then buy next bar at market.

For the second entry to continue the strategy: If marketposition=0 and time=time_ and entryprice(1)<exitprice(1), then buy next bar at market.

The issue now is that I want to instruct the code that, by writing the first two lines, it should continue entering a position only if the previous position was profitable. It should stop after the first stop loss. I would like to add a condition to continue entering positions only if I achieve a take profit (TP). In this case, after the first stop loss, I would be back in a position, but I would start counting from the next one.

This might work or at least get you on the right track:

 

Code

{Test Strategy} Input: QuietBars(5), MinBars(3), MMStop(750); Vars: TotTr(0), OK_To_Trade(True), BarsToday(0); If Time = SessionFirstBarTime(0,1) then begin BarsToday = 1; OK_To_Trade = True; end Else BarsToday = BarsToday + 1; If marketposition=0 and OK_To_Trade then buy("LE1") next bar at market; If MarketPosition > 0 then Begin If BarsSinceEntry >= MinBars and Close > Close[2] and Close > EntryPrice then Sell("LX1") next bar at market; {This is a Take Profit Condition as an example} End; TotTr = Totaltrades; If TotTr > TotTr[1] then begin If PositionProfit(1) < 0 then OK_To_Trade = False; end; If BarsToday >= 2 and BarsSinceExit(1) >= QuietBars then OK_To_Trade = True; If Time = CalcTime(SessionEndTime(0,1),-BarInterval) then Sell next bar at market; TotTr = Totaltrades; If TotTr > TotTr[1] then begin If PositionProfit(1) < 0 then OK_To_Trade = False; end; If PositionProfit(0) < 0 then OK_To_Trade = False; //If Date = 1231016 and time = 0845 then print("MP = ",marketposition:0:0," BarsSinceExit = ",BarsSinceExit(1):0:0," TotTr = ",TotTr:0:0," TotTr[1] = ",TotTr[1]:0:0); SetStopContract; SetStoploss(MMStop);

Thank you for the help, it helped me a lot. If you need a hand with any code, feel free to reach me