Limiting numbers of trades per week

[pandyav]

I have a swing trading strategy for ES and I am wondering if there is a way to :

1. Stop placing new trades completely and stop executing any of strategies if I have total of two losing trades from market opening on sunday evening to close on friday afternoon. If I have two losing trades I want to quit trading for that week.

2. Limit the number of both long and short orders to only 1 in a 24 hours time frame.

3. Move my original stop loss by x points once the price moves by y points in a favorable direction.

I greatly appreciate any help or guidance you can provide.
Thanks.

[NinjaTrader_Matthew]

Hello pandyav,

Thank you for your post.

1) Yes this would be possible - please see our Reference Sample on Stopping a strategy after consecutive losers:

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

2) Using the same concepts applied in the reference sample above, you can also accomplish this. Please review our Help Guide article on TradeCollection objects:

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

3) Please see our Reference Sample on Modifying the price of stop loss and profit target orders:

http://www.ninjatrader.com/support/forum/showthread.php?t=3222

[pandyav]

I am struggling little bit with the first question as I want to stop trading if I have a total of two losses in a week. They may or may not consecutive. I wrote a simple code below which I can change every week.

if ((ToDay(Time[0]) > 20111017) &&
(ToDay(Time[0]) < 20111022) &&
(Performance.AllTrades.LosingTrades.Count < 2))

//do something if the above is true..

I am wondering if the code will count losing trades for the entire week OR will reset itself to 0 at the start of every session everyday. I want to avoid the later scenario.

Thanks.

[NinjaTrader_Matthew]

It will keep counting the trades throughout the week unless you specify it to reset.

If you look in the reference sample, you will see the following snippet:

    // Reset the trade profitability counter every day and get the number of trades taken in total.
            if (Bars.FirstBarOfSession && FirstTickOfBar)
            {
                lastThreeTrades = 0;
                priorSessionTrades = Performance.AllTrades.Count;
            }

In our example, this resets the counter every day. Without something similar, it will keep the counter going until you reset it.