Close a trade buy/sell based on number of hours

• 11/05/2019 at 5:38 AM #112148
  JohnLeeJY

  Hi there,

  Does anyone know how to close a position based on number of hours?

  Thank you.

   

  

  JohnLeeJY

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  11/05/2019 at 8:33 AM #112154
  Mauro T. “Algorithm System”

  Put this, example with 10 hours for both long and short.

  If longonmarket and (barindex-tradeindex)>=10 then SELL AT MARKET ENDIF If shortonmarket and (barindex-tradeindex)>=10 then BUY AT MARKET Endif

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  If longonmarket and (barindex-tradeindex)>=10 then   SELL AT MARKET   ENDIF   If shortonmarket and (barindex-tradeindex)>=10 then   BUY AT MARKET   Endif

   

   

   

  

  Mauro T. “Algorithm System”

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  11/05/2019 at 10:06 AM #112162
  robertogozzi

  Mauro‘s code is correct if you are using 1-hour TF, if you are using lower TF’s you’ll have to write:

  ONCE MaxHours = 10 IF Not OnMarket THEN Count = 0 ELSE IF OpenHour <> OpenHour[1] THEN Count = Count + 1 IF Count >= MaxHours THEN //exit any trade, be it Long or Short SELL AT MARKET EXITSHORT AT MARKET ENDIF ENDIF ENDIF

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  ONCE MaxHours = 10 IF Not OnMarket THEN    Count = 0 ELSE    IF OpenHour <> OpenHour[1] THEN       Count = Count + 1       IF Count >= MaxHours THEN    //exit any trade, be it Long or Short          SELL      AT MARKET          EXITSHORT AT MARKET       ENDIF    ENDIF ENDIF

   

  

  robertogozzi

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  11/05/2019 at 10:41 AM #112176
  Mauro T. “Algorithm System”

  Yes Roberto you are right I answered for number of bars.

  

  Mauro T. “Algorithm System”

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  11/05/2019 at 10:43 AM #112177
  JohnLeeJY

  Thank you both Mauro and Roberto. Very much appreciate your assistance.

  

  JohnLeeJY

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  11/05/2019 at 1:26 PM #112201
  Vonasi

  There is a small issue with your code Roberto as it does not exit exactly ten hours after a trade is opened when used on a faster time frame than hourly. You would need to record the minute and/or second when a trade is opened and then count the hours and then check for the same minute and/or second in the tenth hour to work out when to precisely close the trade.

  

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  11/05/2019 at 2:31 PM #112207
  robertogozzi

  I think he doesn’t need an exact number of hours, but if he does I can do it.

  

  robertogozzi

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