Consecutive Losing trades- how to double down

[wprosser]

I have read this:http://www.ninjatrader.com/support/f...ad.php?t=19289

but not exactly what I am looking for- must be an easier way to count loses, as I am trying to build something that double downs up to 6 times... if 6 consecutive loses. and 3 for 3 etc..

I need to do something like:

if (Performance.ConsecLosingTrades.Count > 1 && Performance.ConsecLosingTrades.Count < 2)
Contracts= Contracts *2;

if (Performance.ConsecLosingTrades.Count > 2 && Performance.ConsecLosingTrades.Count < 3)
Contracts= Contracts *3;

I understand ConsecLosingTrades is not a definition, but is there a way to do that?

Thanks in advance!

[NinjaTrader_Bertrand]

wprosser, you could look into the MaxConsecLoser from the Performance class, this could be accessed from the realtime only trades collection as well if desired :

http://www.ninjatrader.com/support/helpGuides/nt7/maxconsecloser.htm

[wprosser]

I was looking at that, my fear is MaxConsLoser gives me the max cons loser of ALL trades.

Is there a way just to get consecutive losers? or do i have to specify a time frame for MaxConsecLoser?

[NinjaTrader_Bertrand]

Correct, this property would track the Max seen, it could either be on the complete historical collection of trades or for the real-time generated ones. Any consecutive looser statistic would need to have a reference point though.

[wprosser]

Hmm, this compiles, but is this correct (not familiar witth trade count)

bool CountSix = (Performance.AllTrades.Count- (Performance.LongTrades.Count-6)> );

if (CountSix && (Performance.AllTrades.TradesPerformance.MaxConsec Loser >= 5 && Performance.AllTrades.TradesPerformance.MaxConsecL oser < 6))

TIA

[wprosser]

Or i guess, I am trying to get the last six trades, and run MaxconsLosers of the following:

(Performance.LongTrades.Count-6) ? Or would i use something like Trade lastTrade -6 ?

[NinjaTrader_Bertrand]

I don't think this code would give you what you seek, please see this simple example attached, I changed the reference sample a bit for you, if we have 3 trades in a session in a row - trade 3 contracts, else just trade 1. This could be further enhanced but I believe is what you're after here.

[wprosser]

Thanks, I think you are correct- the only way to do it is to run the loop! Makes sense.

One final question. The two ninja example files both use:

if (Bars.FirstBarOfSession && FirstTickOfBar)
{
lastThreeTrades = 0;
priorSessionTrades = Performance.AllTrades.Count;
}

/* Here, Performance.AllTrades.Count - priorSessionTrades checks to make sure there have been three trades today.
priorNumberOfTrades makes sure this code block only executes when a new trade has finished. */

That is fine, but I am having issues with the reset on a positive trade. So i replaced that code with

protected override void OnBarUpdate()
{
if (Performance.AllTrades.WinningTrades.Count-(Performance.AllTrades.WinningTrades.Count - 1) >=1)

{
lastTradeSerries = 0;
priorSessionTrades = Performance.AllTrades.Count;
Contracts= DefaultQuantity;
}

And not exactly working. I Presume I have something off. I figured that code would determine if my last trade was a winner.

Thanks for all of you help and time!

[NinjaTrader_Bertrand]

wprosser, I would then suggest you do the reset the count if the last trade was a winner, i.e the profit > 0 :

http://www.ninjatrader.com/support/helpGuides/nt7/trade.htm