Pine Script Max Trades Per Day

Counts entries per session and blocks new trades once you hit the cap — the simplest overtrading guard for prop accounts.

Copy//@version=6
strategy("Max Trades Per Day", overlay=true, calc_on_every_tick=false)

// ── Inputs ──────────────────────────────────────────────
maxTrades = input.int(3, "Max Trades Per Day", minval=1)

// ── Trade counter ────────────────────────────────────────
var int tradesToday = 0

// Reset at each session open
if session.isfirstbar_regular
    tradesToday := 0

// Count each new entry the moment it opens
if strategy.opentrades > strategy.opentrades[1]
    tradesToday += 1

canTrade = tradesToday < maxTrades

// ── Entry logic (replace with your own conditions) ───────
longCondition  = ta.crossover(ta.ema(close, 9), ta.ema(close, 21)) and canTrade
shortCondition = ta.crossunder(ta.ema(close, 9), ta.ema(close, 21)) and canTrade

if longCondition
    strategy.entry("Long", strategy.long)
    strategy.exit("Long Exit", "Long", profit=20, loss=10)

if shortCondition
    strategy.entry("Short", strategy.short)
    strategy.exit("Short Exit", "Short", profit=20, loss=10)

// Visual
bgcolor(not canTrade ? color.new(color.red, 90) : na, title="Trade Limit Hit")

Settings

• maxTrades — entries allowed per session. Default 3.

How to use

• Paste into the Pine Editor and replace the EMA-crossover placeholder with your own entry conditions.
• The counter resets on session.isfirstbar_regular, so each trading day starts fresh.
• Entries are counted the moment a position opens — the cap engages before a fourth trade can fire.
• Red background = limit hit; no further entries this session.

Frequently Asked Questions

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