buy order on monday not working (dayofweek=1)

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Posts
02/01/2018 at 11:39 AM #61188 quote
Alberto Lucchese
Participant

Average
Hello,

I was trying a new strategy that requires the buy order to be executed on Mondays. I have been testing the following very basic code:
```
myday=1
if dayofweek=myday then
buy 1 contracts at market
endif
if longonmarket then
sell 1 contracts at market
endif
```
however this code does not trigger any buys, however if I use the same code and change the number of the variable “myday” to 2, 3, 4 and 5 it does triggers buy. Any reason why the buy will not be triggered on Mondays (dayofweek=1)?

Thanks!
02/01/2018 at 11:59 AM #61193 quote
robertogozzi
Moderator

Legend
If you use it on a Daily TF you won’t get correct values, since DAYOFWEEK refers to the candle when your trade will be entered, it works with intraday TFs.

I suggest you use OPENDAYOFWEEK, since it always works!
```
myday=1
if opendayofweek=myday then
   buy 1 contracts at market
endif
if longonmarket then
   sell 1 contracts at market
endif
```
02/01/2018 at 9:51 PM #61240 quote

Alberto Lucchese
Participant

Average

Thank you! It worked!

12/28/2021 at 11:16 PM #184055 quote

Bernieman
Participant

New

I have the same problem. When I use “opendayofweek” instead “dayofweek” with opendyofweek = 1 then it works, thats true. But it opens also on Tuersday and not on Monday. Therefore the result is the same as if i would use dayofweek = 2. But when I use opendyofweek = 0, which should refer to open a position at Monday Morning, then the result is the same like with dayofweek = 1, nothing happens.

What could be the reason?

Thanks

12/28/2021 at 11:27 PM #184058 quote

robertogozzi
Moderator

Legend

Keywords starting with OPEN (OpenDate, OpenTime, OpenDayOfWeek, etc…) return the Date, Time, DayOfWeek, etc… when a candle opens, otherwise data returned are those when a candle closes.
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buy order on monday not working (dayofweek=1)

ProOrder: Automated Strategies & Backtesting

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Alberto Lucchese @gsmrules Participant

Summary

This topic contains 4 replies,
has 2 voices, and was last updated by robertogozzi
4 years, 8 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	02/01/2018
Status:	Active
Attachments:	No files