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Date/Time: Fri, 03 May 2024 21:17:43 +0000



Automated Trading System - Limiting Entries

View Count: 761

[2016-12-10 17:05:36]
Crudeoilist - Posts: 18
Dear Sir/Ma'am,

How would I go about limiting the number of trades I would like the system to attempt in a 24hr period. For example, if I had a system that would short CL at a level of resistance, then how would I limit the number of trades from that level per day. I would like it to only do 5 trades a day.

Thank you in advance.
[2016-12-10 17:11:50]
Sierra Chart Engineering - Posts: 104368
Would you be using ACSIL or Spreadsheets? Refer to:
Automated Trading Management
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
[2016-12-10 17:35:52]
Crudeoilist - Posts: 18
I would be using spreadsheets.
Will take a look at the link.
Thanks again for the quick response.
[2016-12-10 17:53:18]
Sawtooth - Posts: 3993
You can reference cell J52 in your K3/M3 entry formulas.

Here's what I do, e.g.:
-Put your sell entry formula in P3, then set SG6 to Arrow Down:
=IF(YourEntryConditions),C3,0)
-Put this in M3, then set SG3 to Hidden:
=AND(P3>0,$J$52<=5)

You'll get arrows at all your possible entries, but actual entries only up to 5 per day.

You can use a cell in column H as a user parameter so that you don't have to edit the formula if you want to change the value:
=AND(P3>0,$J$52<=$H$2)
[2016-12-11 04:33:44]
Crudeoilist - Posts: 18
Thank you tomgilb.

I will give it a try on Monday after market opens

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