How to make the strategy trade throughout trade hours if the hours cross to the next day – when the exchanges trade hours cross over midnight ?
For example the DAX: Opens = 1800 AEDT, Closes =0930 AEDT (the following day).
How as such to code FLATBEFORE 1800, and FLATAFTER 09:30 (the next day) ? Without having issue of having to do 2 different strategies and the lose of money from the spread by having to sell/close at 235959 and then buy/open at 000001.
Or is there any way that strategies could be coded to avoid different times too, eg. for the USDJPY to be closed at end of USA trade (0630) until start of Japan trade (1130) to avoid whiplashes)
Thanks in advance 🙂
This will do:
StartTime = 180000 //try also 110000
EndTime = 093000 //try also 160000
TradeON = 0
IF OnMarket THEN
SELL AT Market
ENDIF
IF StartTime <= EndTime THEN
TradeON = (time >= StartTime) AND (Time <= EndTime)
ELSE
TradeON = ((time >= StartTime) AND (Time < 240000)) OR ((Time >= 000000) AND (Time <= EndTime))
ENDIF
IF Not OnMarket AND Tradeon then
BUY AT Market
ENDIF
TradeON will be true whenever the candle is within the chosen time range.
IF OnMarket THEN
SELL AT Market
ENDIF
Roberto, what do you intend with this ? It looks like you were in a hurry somewhat. 🙂
Or is there any way that strategies could be coded to avoid different times too, eg. for the USDJPY to be closed at end of USA trade (0630) until start of Japan trade (1130) to avoid whiplashes)
Assumed I understood correctly : I think I would dive into over-creativity and code something like
TradeOn = 0
TradeBailOut = 0
InstrIsEURUSD = 0
InstrIsEURGBP = 0
InstrIsUSDJPY = 0
If Close > 1.14 and Close < 1.19 then // EUR/USD ?
InstrIsEURUSD = 1
TradeOn = 1
Endif
If Close > 0.81 and Close < 0.91 then // EUR/GBP ?
InstrIsEURGBP = 1
TradeOn = 1
Endif
If Close > 106 and Close < 117 then // USD/JPY ?
InstrIsUSDJPY = 1
TradeOn = 1
Endif
If TradeEURUSD then
// Here the code for the EUR/USD TradeOn times and other pair specialties :
// If ... etc. then
// TradeOn = 1
// endif
// Here the code for the EUR/USD Bail-out times :
// If ... etc. then
// TradeBailOut = 1
// endif
endif
If TradeEURGBP then
// Here the code for the EUR/GBP TradeOn times and other pair specialties :
// If ... etc. then
// TradeOn = 1
// endif
// Here the code for the EUR/GBP Bail-out times :
// If ... etc. then
// TradeBailOut = 1
// endif
endif
If TradeUSDJPY then
// Here the code for the USD/JPY TradeOn times and other pair specialties :
// If ... etc. then
// TradeOn = 1
// endif
// Here the code for the USD/JPY Bail-out times :
// If ... etc. then
// TradeBailOut = 1
// endif
endif
// Bail out before Settlement (end of day etc.) :
If OnMarket then
If TradeBailOut
// My Sell At Market code.
endif
TradeOn = 0
endif
If TradeOn then
// My General Fx Strategy code.
endif
IOW, welcome to my monster.
This would work as long as I regularly revisit the code and actualise the bands to recognise the pairs. Obviously there should not be any overlap between the pairs.
Please notice that in the end this will not be workable really, because of too many specifics for the pair. Thus, you won’t be able to capture all in the same strategy code. But this is up to you of course.
Good luck !
Peter
My fault, lines 4-5-6 have no relation with the time question.
I still had it in my mind from what I had written a few minutes before!
They correct code is:
StartTime = 180000 //try also 110000
EndTime = 093000 //try also 160000
TradeON = 0
IF StartTime <= EndTime THEN
TradeON = (time >= StartTime) AND (Time <= EndTime)
ELSE
TradeON = ((time >= StartTime) AND (Time < 240000)) OR ((Time >= 000000) AND (Time <= EndTime))
ENDIF
IF Not OnMarket AND Tradeon then
BUY AT Market
ENDIF
