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?

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;

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