Simple Moving Average with take profit

Hi there, I'm trying to build an algo using SMA. How do I code it so that it will wait for the next signal. For example, the algo will take a position, take profit and then wait for the next crossover? What I have right now will continute to take positions since slow>fast. 

Thank you

Update Backtest

Do you mean a single-direction strategy? i.e. a long-only or short-only strategy


Some quick steps:

  1. Create an instance variable in the Initialize(self) method called something like self.take_next_signal and set it to True
  2. Use this with your main trading logic to only trade when self.take_next_signal is true
  3. When you enter into a position, set self.take_next_signal to False
  4. When you exit the position, set self.take_next_signal to True
Hopefully that pseudocode is clear :)

Update Backtest


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