EXIT ON WEEKEND

• 03/09/2017 at 6:05 PM #27961
  TempusFugit

  I am trying to add the code necessary to exit all my trades at the end of Friday. I thought it would be easy but I can´t make it work. This is what I tried…

  IF ONMARKET AND CURRENTDAYOFWEEK = 5 AND CURRENTTIME = 230000 THEN SELL AT MARKET EXITSHORT AT MARKET ENDIF

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  IF ONMARKET AND CURRENTDAYOFWEEK = 5 AND CURRENTTIME = 230000 THEN SELL AT MARKET EXITSHORT AT MARKET ENDIF

  I´ve been trying to find it in the forum but no way

  Some help please.
  Thanks in advance

  

  TempusFugit

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  03/09/2017 at 8:35 PM #27992
  Derek

  You almost had it right.

  if opendayofweek = 5 and openhour >= 22 and openminute >= 55 then sig=1 else sig=0 endif

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  if opendayofweek = 5 and openhour >= 22 and openminute >= 55 then sig=1 else sig=0 endif

  The currenttimeof… constants  cause PRT to act one bar later. Using opentimeof… fixes this.

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  Derek

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  10/04/2017 at 2:32 PM #48195
  T-rader

  How do I implement this into my code?

  Where do I put sig=1 and sig=0?

   

  Thanks

  

  T-rader

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  10/04/2017 at 2:34 PM #48196
  Nicolas

  You can implement it like this:

  EXIT FOR THE WEEK END

  if opendayofweek = 5 and openhour >= 22 and openminute >= 55 then sig=1 else sig=0 endif IF sig=1 THEN SELL AT MARKET EXITSHORT AT MARKET ENDIF

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  if opendayofweek = 5 and openhour >= 22 and openminute >= 55 then sig=1 else sig=0 endif   IF sig=1 THEN SELL AT MARKET EXITSHORT AT MARKET ENDIF

   

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  Nicolas

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  07/31/2021 at 6:41 AM #174415
  ausrod

  Thanks this is very helpful. Being in Australia the IG markets are closed on our weekends eg from say Sat at 6am our time. I can certainly use the above to exit before close and ill make sure im set in my own time zone.

   

  What about a way of not entering trades unless a market is open?

   

  I could set something like the above to only enter IF market meets time positions – is that the best way? Or is it even necessary? I wonder what my algos do when the market is closed here? Are they still watching the data and not being able to trade? any ideas?

  

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  07/31/2021 at 9:07 AM #174419
  robertogozzi

  It’s impossible to trade when the market is closed, so there’s no way to do what is already being done.

   

  

  robertogozzi

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  07/31/2021 at 9:30 AM #174426
  ausrod

  Yes except if like the algo to not be “trying” when the market is closed. Maybe start 5 mins after the market here opens. If that makes sense. In case there are rapid changes.

  

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  07/31/2021 at 9:34 AM #174427
  robertogozzi

  Can you post an example?

   

  

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  07/31/2021 at 10:36 AM #174437
  ausrod

  I’ll find one. But I guess I’m asking can I simply find a way to not trade between certain hours?

  

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  07/31/2021 at 10:59 AM #174439
  robertogozzi

  That makes sense, there you go:

  TradingHours = (time >= 090000) AND (time <= 170000) //you may replace TIME with OPENTIME, if you prefer IF MyLongConditions AND TradingHours THEN BUY AT Market ENDIF

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  TradingHours = (time >= 090000) AND (time <= 170000)  //you may replace TIME with OPENTIME, if you prefer IF MyLongConditions AND TradingHours THEN    BUY AT Market ENDIF

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  08/01/2021 at 9:31 AM #174481
  bertrandpinoy

  thank you for this topic. can you bring the piece of code that says “if the trade is positive” (we only come out if the trade is winning) + resuming the strategy on Monday according to open defined by everyone of course.

  

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  08/01/2021 at 10:04 AM #174485
  robertogozzi

  Well, I remember having read a similar question months ago, but I can’t find it.

  It can easily be done, but you will have to pay spread as any new trade.

  To recap, you want to close a profitable trade on Friday night at 22:00 (or any time of your choice), then it must be reopened on Monday (on the first Monday bar or at a time?) no matter conditions as if it were the same trade that had been closed?

   

   

  

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  08/01/2021 at 10:35 AM #174487
  bertrandpinoy

  Hi Roberto, thank U

  It can easily be done, but you will have to pay spread as any new trade. yes sure

  To recap, you want to close a profitable trade on Friday night at 22:00 (or any time of your choice), yes exact. no more trading after this close of course.

  then it must be reopened on Monday (on the first Monday bar or at a time?) reopening on Monday according to the general conditions listed in the strategy

  no matter conditions as if it were the same trade that had been closed? no forget the past, only trading according to the general conditions listed in the strategy

   

  hope is clear, thanks again.

  

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  08/01/2021 at 11:18 AM #174489
  robertogozzi

  So, it’s just a matter of closing a profitable trade on Friday Night. There you go:

  IF OnMarket AND PositionPerf > 0 AND OpenDayOfWeek = 5 AND OpenTime >= 220000 THEN EXITSHORT AT Market SELL AT Market ENDIF

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  IF OnMarket AND PositionPerf > 0 AND OpenDayOfWeek = 5 AND OpenTime >= 220000 THEN    EXITSHORT AT Market    SELL      AT Market ENDIF

   

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  08/01/2021 at 11:26 AM #174491
  robertogozzi

  The above snippet will close any open trade, but it won’t prevent orther trades from being opened beyond that date. You need to use another snippet, like this one:

  NoTradeHours = (OpenDayOfWeek = 5 AND OpenTime >= 210000) IF MyLongConditions AND Not NoTradeHours THEN BUY AT Market ENDIF

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  NoTradeHours = (OpenDayOfWeek = 5 AND OpenTime >= 210000) IF MyLongConditions AND Not NoTradeHours THEN    BUY AT Market ENDIF

  this will prevent your strategy from entering new trades after 21:00 on Friday night.

   

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