One trade then flip flop?

[sprks7979]

Hey all,

Back with another issue. I found a script in the forums for a flip flop condition, it works well for what I need but I would like to see if I can refine it. This is strictly for the strategy builder as my coding is lacking.

I have a trend type indicator that I would like to buy when up, take profit, and then wait until the opposite signal to sell when down. I only want to be able to make one trade per direction. Is this possible in the builder?

Example of sorts - TSSupertrend - when it turns green, buy, take profit at X$/ticks/%, and then "reset" until it turns red and then sell, take profit, and then wait for it to go the other direction. I also found a flip flop that "exits" when the opposite happens but I want to use TP and SL.

Any ideas?

[NinjaTrader_BrandonH]

Hello sprks7979,

Thanks for your post.

Yes, it would be possible to have a Strategy Builder strategy place one trade per direction.

A bool could be used to control when trades are made by the strategy. You could create a bool named something like OkToTrade (initially set to false). You would create your order entry condition and set the bool to true. Then you would check if the bool is true and call your entry order method and set the bool to false.

By doing this, the order entry method will only be called to place an order when the bool is true. When the bool is false, the order entry condition will not be called so the strategy will stop placing trades until the bool becomes true.

See the attached example script demonstrating using a bool to control trades made by a strategy.

Let me know if I may assist further.