Close a trade buy/sell based on number of hours

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

    Hi there,

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

    Thank you.

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

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

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

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

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

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

    11/05/2019 at 1:26 PM #112201 quote
    Vonasi
    Moderator
    Master
    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.
    11/05/2019 at 2:31 PM #112207 quote
    robertogozzi
    Moderator
    Master
    I think he doesn’t need an exact number of hours, but if he does I can do it.
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Close a trade buy/sell based on number of hours


ProOrder: Automated Strategies & Backtesting

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Author
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JohnLeeJY @johnleejy Participant
Summary

This topic contains 6 replies,
has 4 voices, and was last updated by robertogozzi
6 years, 3 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 11/05/2019
Status: Active
Attachments: No files
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