Hi, i wanna create a really simple exit strategy for stocks and apply it to some other simple strategies i am trying out with stocks.
What i want to do is create a exit strategy that exits the position if the position is in profit 5 minutes before market closing. It should keep doing this for 4 days and on the 5th day sell either way (despite being in loss) 5 minute before market closes.
Here is a simple strategy for entering stochastics (2,3) on 30 and exit at 70 (and short the opposite). Now i want to add in the above exit strategy. What code do i write?
Because codes are only read once at Close of the bar, and if you are using this code on a daily timeframe, it is not possible to make it do things before the end of the day. Until we get the multitimeframe support, I do not see any accurate solution I’m sorry!