Close position when new candle

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  • 10/20/2020 at 1:28 PM #147902 quote
    umebon
    Participant
    Average

    Hi again

    I have watched tutorials but I cant figure out how the code is for closing a position after a candle when a new candle begins. Please can someone help me with that.

    10/20/2020 at 1:40 PM #147907 quote
    robertogozzi
    Moderator
    Master

    Simply add these lines at the beginning of your code, just after DEFPARAM’s:

    Sell at Market
Exitshort at Market

    when you are not OnMarket they are ignored, otherwise they will close any trade opened the previous candle.

    umebon thanked this post
    10/20/2020 at 2:02 PM #147910 quote
    umebon
    Participant
    Average

    Is it possible too close position after X sec or X min?

    10/20/2020 at 2:17 PM #147913 quote
    robertogozzi
    Moderator
    Master

    You can only count bars, read https://www.prorealcode.com/topic/define-a-time-stop/#post-147903.

    If you are using a minute or second TF, yes it’s possible.

    10/20/2020 at 2:29 PM #147916 quote
    umebon
    Participant
    Average

    You are the best!

    But in a one minute TF I cant close a postion after 50 s? In that case i need to work with multiple timeframes?

    10/20/2020 at 2:38 PM #147918 quote
    MAKSIDE
    Participant
    Veteran

    Yes, “Second” is the smallest TF (and tick isn’t possible yet..)

    umebon thanked this post
    10/20/2020 at 2:56 PM #147921 quote
    umebon
    Participant
    Average

    But if I am in a 1 minute TF I cant define it too stop after x secs?

    10/20/2020 at 3:14 PM #147922 quote
    MAKSIDE
    Participant
    Veteran
    umebon wrote:

    But if I am in a 1 minute TF I cant define it too stop after x secs?

    Yes, you can do it

    umebon thanked this post
    10/20/2020 at 3:27 PM #147923 quote
    umebon
    Participant
    Average

    How do I write that code? I am in 1m TF and want it to stop after 50s.

    10/20/2020 at 4:39 PM #147936 quote
    robertogozzi
    Moderator
    Master

    There you go (run it from a 1-second TF):

    TIMEFRAME(1 minute,UpdateOnClose)
IF MyLongConditions THEN
   BUY 1 Contract at Market
ENDIF
TIMEFRAME(1 second,UpdateOnclose)
MySecond = opentime - (round((opentime / 100) - 0.5) * 100)
TIMEFRAME(default)
IF MySecond >= 50 AND LongOnMarket THEN
   SELL at Market
ENDIF

    line 8 checks for MySecond being 50 or greater, since it may happen not to have that candle on such a small TF.

    Searching this forum for the words MTF and Multi Time Frame will return many links to examples, documentations, blogs and many topics.

    umebon thanked this post
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Close position when new candle


ProBuilder: Indicators & Custom Tools

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umebon @umebon Participant
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This topic contains 9 replies,
has 3 voices, and was last updated by robertogozzi
5 years, 3 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 10/20/2020
Status: Active
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