Only one trade per day problem

[TheDarg]

Hi,

I am trying to backtest a strategy but only make one trade per day. I found the following post:

http://www.ninjatrader.com/support/forum/showthread.php?t=42193

and used the following code:

OnBarUpdate()
{
   if (CurrentBar < 2) return;
   if (Time[0].DayOfWeek != Time[1].DayOfWeek) // new day, reset bool flag
   {   alreadyTradedToday = false; }

   if ([Long Entry Conditions are true] && alreadyTradedToday == false)
   {
      alreadyTradedToday = true;
      EnterLong();
   }
}

This code seems like it is somewhat working because when I used this, there are far fewer trades than when I didn't. Most days there is only one trade. However, there are some days that have multiple trades (2-4 trades) that go off. Is there anything special I need to do when backtesting?

Thanks.

[NinjaTrader_Lance]

The code here looks like it operates off of the calendar day of the week instead of the session template which would explain why you may see more than one trade on some days.

Try using this sample instead to limit trades: http://www.ninjatrader.com/support/f...ead.php?t=4084

Let me know if I can further assist.