Ignore sunday bar

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08/15/2017 at 10:12 PM #43224 quote

Derek
Participant

Veteran

It’s currentdayofweek not dayofweek.

Or am I off track?

08/15/2017 at 10:22 PM #43227 quote

AVT
Participant

Senior

CurrentDayOfWeek is for the current candle, wheras DayOfWeek can be any candle you specify (like finding out whether the 10th candle before was on a Monday=1 or not)

08/15/2017 at 10:59 PM #43230 quote
robertogozzi
Moderator

Master
This seems to be the good one (on Eur/Usd, DAILY, on Dax it still opens trades on Sunday, occasionally):
```
Defparam cumulateorders = false
//                   Long
IF CurrentDayOfWeek = 4 AND close < open THEN        //On Friday we test Thursday's close
   Buy 1 contract at market                          //and a new trade should be opened immediately (on
ENDIF                                                //Friday).
//                   Short
IF CurrentDayOfWeek = 0 AND close[1] > open[1] THEN  //On Monday we need to test the Fridays'closure, since
   sellshort 1 contract at market                    //there is Sunday in the middle.
ENDIF
//GRAPH CurrentDayOfWeek AS "cDoW"
//             Stop e target in pips
SET TARGET pPROFIT 75
SET STOP   pLOSS   35
```
The strategy tests Thursday to open a new trade on Friday and Friday (on Sunday BAR) to open a new trade on Monday, if conditions are met.

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08/16/2017 at 10:41 AM #43244 quote

Nicolas
Keymaster

Master

When testing daily bar, you should use OpenDayOfWeek

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08/16/2017 at 11:20 AM #43253 quote

robertogozzi
Moderator

Master

Still Nicolas, I need to know some (unknown to me) details: “when are DayOfWeek, CurrentDayOfWeek and OpenDayOfWeek best used?”.

Because, as you can see from the screenshot (EurUsd daily), on Thursday DoW is 5 while the other two are both 4, on Friday all the three retain value 5 and on Monday DoW is 2 while the other two are both 1. It appears that DoW is always one day ahead, but on Friday! What’s the logic behind this?

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Pic-Th-Fr-Mo.jpg

08/20/2017 at 7:29 PM #44256 quote
Derek
Participant

Veteran
Hello robertogozzi,

take a look a the attached screenshot for this code:
```
dow = DayOfWeek
CDow = CurrentDayOfWeek
ODow = OpenDayOfWeek

return dow as "dow", CDow as "CDow", ODow as "ODow"
```
“CDow” is always referring to the same day which is Friday and not the actual Sunday of the day when I took the screenshots. Trying CDow on a IG Market that actually trades on Sundays did not change the observation.

Dow” is counting from 1 on Sundays to 5 on Thursday and remains 5 on Friday.

ODow is working properly.

I guess this helps to decide which function to use.

Screenshot-2.png Screenshot-3.png
08/20/2017 at 7:36 PM #44259 quote

Derek
Participant

Veteran

The good news is: All three are working fine on the intraday timerframes. The screenshot shows an hourly t-bond futures chart.

Here currentdayofweek switches to the new day faster. The rest of the day currentdayofweek and opendayofweek are identical,

Screenshot-4.png

08/21/2017 at 5:53 PM #44321 quote

Derek
Participant

Veteran

And I have to correct myself:

On intraday timeframes currentdayofweek works just the same as on longer timeframes.

It’s dayofweek that switches to the new day on the first intraday bar. Openday of week waits for the first bar to close, before returning the next day’s value.

Sorry for the confusion.

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