Exit trade just before the close for the day

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

  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?

   

  

  erike

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

  this should do it:

  if CurrentDayOfWeek = 5 and time = 172000 then sell at market exitshort at market endif

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  if CurrentDayOfWeek = 5 and time = 172000 then sell at market exitshort at market endif

   

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  nonetheless

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  04/21/2021 at 2:32 PM #167705
  Vonasi

  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.

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  04/21/2021 at 2:51 PM #167708
  erike

  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?

  

  erike

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

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

  

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  04/21/2021 at 4:03 PM #167720
  nonetheless

  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

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  nonetheless

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  04/22/2021 at 7:31 AM #167745
  erike

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

  

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

  https://www.prorealcode.com/topic/multi-timeframe-mtf-indicators-for-prorealtime/

   

  

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

  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

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  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.

   

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