Close a trade buy/sell based on number of hours

JohnLeeJY · 2019-11-05T04:38:57+00:00

Hi there, Does anyone know how to close a position based on number of hours? Thank you.

Viewing 7 posts - 1 through 7 (of 7 total)

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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

Legend
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

Legend

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