Checking previous position result

[kucharek]

Hi,

I would like to add to my strategy the following condition:

< If the first position was a winning position do not open the second one. Open the third one only. >

Is it possible to code it in such simple way? Please support.

[NinjaTrader_AdamP]

kucharek,

I am happy to assist you.

Could you please clarify? How is opening a third position different than opening a second one if the first one was winning?

Please let me know if I may assist further.

[kucharek]

Yes, my explanation was quite lame.

Example:
Simple strategy - open long position when bar close in above 20-day donchian channel, exit long position after 2 days.

1. First signal and position is opened. It closes 2 days later and gives 20 USD of profit. It is a winning trade.
2. It takes a while and strategy gives next signal - but long position can't be opened because the previous trade was a winning trade.
3. Following signal - this time strategy opens a long position because second signal was ignored (we assume that second signal was a loss or 0 USD trade)

If it is still unclear please let me know.

[NinjaTrader_Bertrand]

kucharek, you can for example refer to GetProfitLoss() for this idea and then set a bool flag as needed to filter your entries - http://www.ninjatrader.com/support/h...profitloss.htm

Using bool flags is a similiar concept to our user variables found in the Strategy Wizard, we have a reference sample for that approach here - http://www.ninjatrader.com/support/f...ad.php?t=15417