Limit trades per direction

[PN720]

Hey fellas,

I want to add an input parameter to control the number of trades per direction. I found some code online that should do this. But, the problem I'm running into is that we know the order is filled by an EnterLong or EnterShort statement so we can increment or decrement the counter. In my code, I'm using EnterLongStopMarket and EnterLongStopLimit orders so we're not in an order until it is filled.

Any suggestions on how to do this? Here's the current sample code:

protected override void OnBarUpdate()
{
//Reset condition

if (CrossBelow(SMA(20), SMA(89), 1))
{
longtrade= 0; //reset long trigger
}

//Enter Trade
if (CrossAbove(CCI(20), 0, 1) && longtrade <= 3)
{
EnterLong(1, "Long 1a");
if (longtrade == 0)
{
longtrade = 1;
}
if (longtrade >0)
{
longtrade = longtrade + 1;
}
}
}

[NinjaTrader_AlanP]

Hello PN720,

Thank you for your note.

If you are using the managed approach you could use Entries Per Direction and Entry Handling to control this.

https://ninjatrader.com/support/helpGuides/nt8/en-us/?entriesperdirection.htm

https://ninjatrader.com/support/helpGuides/nt8/en-us/?entryhandling.htm

You could see the following sample which stops a strategy after 3 consecutive losers, for how you can pull previous trades and for which you could base your counter off,

https://ninjatrader.com/support/forum/showthread.php?t=19289

You could also have a counter in OnOrderUpdate on the fill of your entry order, you could see the following example,

https://ninjatrader.com/support/forum/showthread.php?t=7499

If neither of these approaches work could you please provide more detail on what you're attempting to do?

Please let us know if you need further assistance.

[PN720]

That code sample with the 3 consecutive losses was exactly what I needed to see.

Thanks, fellas!