Hi!

I have had the same question 100 times 🙂

I found the easy answer tho!

Backtest it!! 🙂 You can code in really simple something like

Weekendclose = 1

If weekendclose = 1 then

If day5 (aka friday) AND TIME = 22.00 then
Close the position

endif

endif

(obviously not a working code ^)

Then you replace Weekendclose =1 with a variable and run the backtest between 0 and 1.

The backtest would then auto-close all trades on fridays 22.00, or it wont. The backtest will show you the easy answer if you “should or shouldnt” do stuff like this!

If it turns out that you get much better returns NOT closing, then dont close. if you see great results from closing on fridays, then close it!

personally i have strategies that DO close on fridays, and i have more trend-following strategies that DOESNT close on fridays.

From your exit being supertrend im gonna guess yours is a trend following strategy as well, usually what i have found is that keeping them Open is better, incase monday continues to rally.

Edit: would like to add: you shouldnt be having these questions, if you catch my drift 🙂  Before running them live you need to be 100% confident in your strategy. Let it run if the backtest tells you to let it run.

Also, dont you have some sort of trailing stop?? 🙂 Would HIGHLY recommend you looking into that.

Edit2: i have stopped my systems manually like 3 times now, every time i have done it i have gotten burned 😛 “press play and stay away” is the hardest part of algo-trading

edit3: Search for “mfe trailing stop loss” on this site. or TSL stop loss. 2 different trailing stops. (for example: If 50€ in profits, start trailing stop loss from 50 pips. or something similar, backtest it and find the most optimal values 🙂

You might like to consider a manual  exit to secure some gains, the recent DAX uptrend has ‘topped out’ IMO … at least until it starts going back up again!? 🙂