limit number of trades per day

[1800promote]

Hello,

i have setup a simple moving average crossover system on 5 minutes bars...and i am trying to create a rule that will limit the number of trades the system can take in a single day.

Let's say i want it to stop trading in any day 2 signals where generated already. The next day everything should be reset and start over.
Any guidance please?
Thank you.

[NinjaTrader_Ben]

Hello,

Try counting your trades as you make them and putting a condition in your conditions to trade that uses this count. Also, reset this count when the day changes. Maybe something like this: (note, I have not tested this)

if(ToDay(Time[0]) != the_last_day)
{
my_count = 0;
the_last_day = ToDay(Time[0]);
}

if(....conditions to trade here.... && my_count <= 2)
{

//entry orders here

my_count++; //adds one to the my_count variable
}

This link will help with ToDay():

http://www.ninjatrader-support.com/HelpGuideV6/ToDay.html

[1800promote]

great

thank you. it worked like a charm.

[daven]

I am also working on counting trades to establish a maximum number of trades per session but the link that was referred to as helpful for ToDay, goes to a general website outside of the forum.
This is that link:

http://www.ninjatrader-support.com/H...eV6/ToDay.html

Would it be posible to correct the link so it actually goes to the proper forum location? I tried searching on ToDay and ToDay[0] but I couldn't find the reference that was alluded to.
Thanks
DaveN

[NinjaTrader_Matthew]

The link to the NT7 ToDay() function is below:

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

You can find a list of all functions for NT7 from the following link:

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?alphabetical_reference.htm

[daven]

my_count counts within one trade

I implemented the code in the earlier sections of this thread, but the variable "my_count" appears to be incrementing within one trade when it should be incrementing between trades.
I"m attaching a screen shot so you can see the value of the variable as it counts up within the trade on the chart. Here is the code I am running:

			if (EMAProgressionOpenClose(14, 3, Scaler).Progression[0] > EMAProgressionOpenClose(14, 3, Scaler).Progression[1]				
				&& Close[0] > High[1] && Low[0] >= Low[1]
				&& ((ToTime(Time[0]) > TT1_Start && ToTime(Time[0]) < TT1_End ) || (ToTime(Time[0]) > TT2_Start && ToTime(Time[0]) < TT2_End )))
            	{
				EnterLongLimit(DefaultQuantity, GetCurrentAsk(), "Long");
				Variable0 = Low[1];
				my_count++; //adds one to the my_count variable
            	}

I set the my_count variable to 0 in the variables section and I have a go flat routine which detects if the my_counts variable is equal to another variable called "Max_Trades" which is also set in the variables section. All of the other stuff seems to be working the way I intend but for some reason the my_count variable incrments within a single trade. Is it possible to have the program execute through the trade execution portion as displayed, but not place a trade since there is already a trade on, but still increments the my_counts variable?
Hope you can help.
Thanks
DaveN

[NinjaTrader_Joydeep]

Hello DaveN,
You may find this sample code helpful which demonstrates how to limit trading after consecutive losses.

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

[daven]

Yes, very helpful, thanks. I'm incorporating it into my existing strategy to improve my trade counting function.
Thanks
DaveN