close position last bar intrayday

Paul · 2017-09-24T18:50:28+00:00

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

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09/24/2017 at 7:50 PM #47157 quote

Paul
Participant

Master

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

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

Despair
Blocked

Master

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. 🙂

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

Average
Perhaps something like this? You could make an indicator that knows which bar is the last in each time frame.
```
IF INTRADAYBARINDEX >= 800 THEN
```
09/25/2017 at 9:41 AM #47188 quote

Despair
Blocked

Master

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

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

Legend
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"
```
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).

Despair thanked this post
09/26/2017 at 10:13 AM #47379 quote

Paul
Participant

Master

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.

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

Nicolas
Keymaster

Legend

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.

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

Paul
Participant

Master

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