Define a time stop

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10/20/2020 at 12:22 PM #147892 quote

sebb9707
Participant

Junior

Hi,

I would like to define a time exit in a trading system where it sell the position after 5 days. How do I define that?

I would also like to know how to define a sell of a postion at close of the first day with profit but with a maximum of 5 days. How would that be defined?

Best regards,
Sebastian B

10/20/2020 at 1:03 PM #147898 quote

robertogozzi
Moderator

Master

On a daily TF ?

10/20/2020 at 1:13 PM #147899 quote

sebb9707
Participant

Junior

Hi,

Yes, on a daily TF, please.

Best regards,
Sebastian B

10/20/2020 at 1:32 PM #147903 quote
robertogozzi
Moderator

Master
Exit after N days:
```
N = 5
If OnMarket and ((BarIndex - TradeIndex) >= N) Then
   Sell at Market
   Exitshort at Market
Endif
```
10/20/2020 at 1:35 PM #147905 quote
robertogozzi
Moderator

Master
Exit after N days or earlier if in profit:
```
N = 5
If OnMarket and (((BarIndex - TradeIndex) >= N) or (PositionPerf > 0)) Then
   Sell at Market
   Exitshort at Market
Endif
```
10/20/2020 at 1:59 PM #147909 quote

sebb9707
Participant

Junior

Thank you so much for the help!

Best regards,
Sebastian B
Author

Posts

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Define a time stop

ProBuilder: Indicators & Custom Tools

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sebb9707 @sebb9707 Participant

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This topic contains 5 replies,
has 2 voices, and was last updated by sebb9707
5 years, 3 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	10/20/2020
Status:	Active
Attachments:	No files

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