close position last bar intrayday

• 09/24/2017 at 7:50 PM #47157
  Paul

  Hi,

   

  You can use time to set a exit-time to close a position for intraday. But is it possible to automatically close at the last bar of a intraday chart? Which adjust itself based on timeframe. If selected daily it should be disregarded.

   

  Regards,

  Paul

   

  

  Paul

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  09/24/2017 at 8:55 PM #47158
  Despair

  I don’t think so. Would be convenient to have though.

  You have to take care of this yourself and even keep in mind that there can be differences in the time when a market closes when there is a shift from summer time to winter time or vice versa. And this is different for different instruments. 🙂

   

  

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  09/25/2017 at 7:29 AM #47174
  OscJoh

  Perhaps something like this? You could make an indicator that knows which bar is the last in each time frame.

  IF INTRADAYBARINDEX >= 800 THEN

  1	IF INTRADAYBARINDEX >= 800 THEN

   

  

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  09/25/2017 at 9:41 AM #47188
  Despair

  This won’t work. Number of bars is dependent on the TF. So I think you have to take care of this yourself.

  

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  09/25/2017 at 3:36 PM #47282
  Nicolas

  You can recognize on which timeframe you are on with this little code snippet:

  once NbBar = 1 if BarIndex < NbBar+2 then MyDay=openday dayminutes = 1440*(MyDay-MyDay[1]) MyHour=openhour hourminutes = 60*(MyHour-MyHour[1]) MyMin=openminute barminutes = MyMin - MyMin[1] + hourminutes + dayminutes barminutes=abs(barminutes) Mybarminutes = lowest[NbBar](barminutes)[1] endif return Mybarminutes as "Timeframe"

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  once NbBar = 1   if BarIndex < NbBar+2 then MyDay=openday dayminutes = 1440*(MyDay-MyDay[1]) MyHour=openhour hourminutes = 60*(MyHour-MyHour[1]) MyMin=openminute barminutes = MyMin - MyMin[1] + hourminutes + dayminutes barminutes=abs(barminutes) Mybarminutes = lowest[NbBar](barminutes)[1] endif   return Mybarminutes as "Timeframe"

  So it would be possible to set a different “intradaybarindex” for each of the found timeframe to close your orders (or event a different Time).

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  Nicolas

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  09/26/2017 at 10:13 AM #47379
  Paul

  Thanks for the responses.

   

  That’s an interesting snippet Nicolas. It gives new possibilities to play with.

  A look at intradaybarindex set as indicator shows that not everyday has the same number of bars although the longer the timeframe the more consistent they become.

  Because of that I guess it doesn’t work to set a close at a specific bar based on selected timeframe.

  

  Paul

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  09/26/2017 at 10:44 AM #47382
  Nicolas

  Even if intraday bars are not the same exact number each day, a range of bars quantity could be determined for each of the timeframe?

  Anyway, with the timeframe code snippet I posted, you should also be able to set a time to close the orders, for example, if the timeframe is 5 minutes, close the trade @ 235500 or if the timeframe is 1 minute, close orders @ 235900.. etc.

  

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  09/26/2017 at 12:57 PM #47390
  Paul

  yes set time to close orders based on timeframe should work indeed. I focused on a bar.  Going to try that way! Thanks

  

  Paul

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