Can I change trade execution time for daily candle trading strategy?

• 03/23/2018 at 5:32 PM #66198
  Mikael K

  Hello, I use daily candles for my trading strategy. The problem is that my code opens the positions at midnight when the spread is much larger. I want to change so it opens the position 12 hours later, at noon. The problem is that I still want/need to use “daily-close”. It seems that this should be doable because someone living in a different time zone has a different “daily close” compared to me. Therefore their orders should be executed at their midnight (local time) which is not the same as my midnight at my local time. Can I change the execution time somehow? I tried to change the time zone but that did not work.

  Sincerely

  Mikael

   

  

  Mikael K

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  03/23/2018 at 7:18 PM #66206
  robertogozzi

  You could change Time settings to a different time zone, say NY, or SYDNEY, but it should be just a VISUAL trick, your broker knows where you are from and will set spreads accordingly, if he increases spreads at 23:00 CET he’ll do that for ALL his European clients, no matter what time they want to see on their charts!

  But I heve no clues this is true, I assume it is because it would be too way easy to cheat your broker!

   

  

  robertogozzi

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  03/23/2018 at 7:55 PM #66212
  Despair

  I run several strategies on daily bars and also miss the possibility to trade at a different hour, all my strategies always trade in the middle of the night. Also it is not possible to close a trade friday night if you don’t want to hold over the weekend.

  And then as Mikael already points out that fact that the spread during the night is much larger. But since PRT evaluates the code only once at the end of every bar i can not see how they should change this.

  

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  03/24/2018 at 5:47 AM #66232
  David

  The IG PRT daily trading bar open and close is dependent on the instrument and it’s fixed so you can’t shift the opening of the order even if you change the platform timezone. The platform timezone might change the daily bars but it will still open as in your case midnight. Forex bars are based on UK open and close I think but I’m still getting clear on that so don’t take this as accurate.

  In regards to what you want to achieve you can get the daily close  by using dclose() and running a strategy on 1hr or 12 hour timeframe and then the system will open as you would like to 12 hours after the open.

  

  David

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  03/24/2018 at 8:32 AM #66237
  Vonasi

  Hopefully when PRT release the multi-time frame version this will be possible as we can use the hourly time frame and only enter if the hour is the one we want to enter on but still use the daily time frame for the other entry conditions. Obviously the market may have moved considerably between the entry signal at close of day and our time of entry several hours later so other checks may need to be made before opening a trade just to confirm that it is still valid.

  Hopefully it won’t be too long before we can re-evaluate all our daily and weekly strategies with different opening times and lower spread.

  

  Vonasi

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