Exit trade just before the close for the day

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  • 04/21/2021 at 1:49 PM #167702 quote
    erike
    Participant
    Junior

    Hi,
    I have need to test a strategy that close an open trade just before (say 17:20 when the session close at 17:30) close of the 5th day.
    Do anyone have a code snippet for this?

    04/21/2021 at 2:02 PM #167704 quote
    nonetheless
    Participant
    Master

    this should do it:

    if CurrentDayOfWeek = 5 and time = 172000 then
sell at market
exitshort at market
endif
    Midlanddave thanked this post
    04/21/2021 at 2:32 PM #167705 quote
    Vonasi
    Moderator
    Master

    When using the example given by nonetheless you have to ensure that the chart you are using the strategy on has a 172000 candle. So you must run it on  a TF of  10 minutes or faster.

    nonetheless and erike thanked this post
    04/21/2021 at 2:51 PM #167708 quote
    erike
    Participant
    Junior

    Thank you

    I guess I was a bit unclear about the day of exit. I meant 5th day after entry not day of week.
    Do I have to choose a time unit in backtesting that correspond to time? In the this case 1 hour of less?
    In this strategy I have only daily bars. Does that mean I can’t solve my need?

    04/21/2021 at 3:03 PM #167712 quote
    erike
    Participant
    Junior

    @Vonasi: You answered one of my question before I had written it 😉

    04/21/2021 at 4:03 PM #167720 quote
    nonetheless
    Participant
    Master
    erike wrote:

    In this strategy I have only daily bars

    Sorry Erike, when you mentioned 17:20, I assumed you were working with a short time frame. I may be wrong but I don’t think you can close in the middle of a daily candle without using MTF

    erike thanked this post
    04/22/2021 at 7:31 AM #167745 quote
    erike
    Participant
    Junior

    No problems @nonetheless .
    I guess I have to read up on MTF. Any suggestions were to start?

    04/22/2021 at 8:09 AM #167750 quote
    nonetheless
    Participant
    Master

    Multi timeframe – MTF indicators for ProRealTime

    04/22/2021 at 9:07 AM #167761 quote
    robertogozzi
    Moderator
    Master

    There you go (not tested):

    Timeframe(Daily,UpdateOnClose)
Once Count = 0
Count = Count + OnMarket
If MyLongConditions and Not OnMarket then
   Buy 1 contract at Market
   Count = 1
   Set Target pProfit 500
   Set Stop   pLoss   250
Endif
If MyShortConditions and Not OnMarket then
   Sellshort 1 contract at Market
   Count = 1
   Set Target pProfit 500
   Set Stop   pLoss   250
Endif
//
Timeframe(default)
If Count = 5 and Time = 172000 Then
   Sell      at Market
   Exitshort at Market
Endif

    You need to run this strategy from a 10-minute (or lower) chart.

    Midlanddave and erike thanked this post
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Exit trade just before the close for the day


ProOrder: Automated Strategies & Backtesting

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erike @erike Participant
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This topic contains 8 replies,
has 4 voices, and was last updated by robertogozzi
4 years, 10 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 04/21/2021
Status: Active
Attachments: No files
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