On a daily timeframe I would like to start a trade in the direction of the previous day. So if close>open on the previous day then I want to start a long trade. If close<open on the previous day then I want to start a short trade. I think I know how to do this, but now I want to exclude the sunday bar. So, on Monday I want to check the friday bar for the direction.
I tried to arrange this code on EurUsd DAILY, but, while it seems running nicely on Monday (short positions) , the same is not true for Friday (long positions) because it opens a trade on Sunday morning while it should open it on Friday!
As far as I know each strategy is executed at each new bar open, so the DayOfWeek for Friday should be 5, while referencing close (or close[0]) should return Thursday’s closing price (the bar just closed):
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Defparamcumulateorders=false
// Long
IFDayOfWeek=5ANDclose<openTHEN//On Friday we test Thursday's close
Buy1contractatmarket//and a new trade should be opened immediately, not on Sunday!
ENDIF
// Short
IFDayOfWeek=1ANDclose[1]>open[1]THEN//On Monday we need to test the Fridays'closure,since there's
Thanks Roberto, you are precious member, you desserve your black badge for precious helping member!
I think the code should set as follow:
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Defparamcumulateorders=false
// Long
IFDayOfWeek=4ANDclose<openTHEN//On Thursday we test Thursday's close
Buy1contractatmarket//a new trade will be opened at Friday open
ENDIF
// Short
IFDayOfWeek=1ANDclose[1]>open[1]THEN//On Monday we need to test the Fridays'closure,since there's
sellshort1contractatmarket//Sunday in the middle.
ENDIF
//GRAPH DayOfWeek AS "DoW"
// Stop e target in pips
SET TARGETpPROFIT50
SET STOPpLOSS50
If you want to test the Thursday bar Close, test it when it is Thursday, because the code is read at Close, you’ll get the right values at that time. So logically, the order will be opened at the beginning of the next bar, on Friday morning. Hope I have understood correctly your question.
