Help! Limiting entries by time

Hi,

I am looking for a way to program powerlanguage in order to only enter one trade per day, when I run the strategy in portfolio backtester, on multiple equities.

Can anyone help?

Thanks a lot
moses

Hi,

I am looking for a way to program powerlanguage in order to only enter one trade per day, when I run the strategy in portfolio backtester, on multiple equities.

Can anyone help?

Thanks a lot
moses

Do you know how to set up a counter?

Like a 'for' counter? Yes!

Hi,

I am looking for a way to program powerlanguage in order to only enter one trade per day, when I run the strategy in portfolio backtester, on multiple equities.

Can anyone help?

Thanks a lot
moses

Look up

Portfolio_CurrentEntries

I haven't tried this myself, but from the description, it might do what you want.
There are more portfolio backtesting information in wiki.

Hi again,

I have not managed to think of a way to do what I need.
Any ideas, anyone?

Thank you
moses

Hi again,

I have not managed to think of a way to do what I need.
Any ideas, anyone?

Thank you
moses

If your current entry = 1, then add to a counter that you have already fulfilled your daily quota, and stop trading.
When a new day starts, reset the counter and start again.

Thank you TJ.
I think my puzzle becomes more tricky because of the following:

my strategy is a trend-following strategy that keeps positions open for weeks.
Maybe this is not really important, because I could say to my counter "if you are higher than yesterday's value (meaning that a new trade has been entered into today), don't allow one more new trade today".
However, the Portfolio_CurrentEntries function seems to re-calculate itself only at the end of the day, and only after maybe another 10 positions have been entered during the day..

I hope I am missing something simple to solve this, but any ideas would be very welcome!

Thanks again
moses

You could try something like this.