Exit trade just before the close for the day

erike · 2021-04-21T12:49:01+00:00

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?

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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
```
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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.

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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

Legend
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.

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