Multitimeframe Order Exit

• 09/20/2021 at 6:58 PM #177989
  Amr600

  Hey guys!

  I just made some multitimeframe systems and I want them to exit the trade at the open of the next bar in the bigger timeframe.

  Can you help me out?

   

  For Example:

  timeframe (5 minutes)

  // Bedingungen zum Triggern von Long-Positionen
  indicator1 = xxx
  c1 = (close < indicator1)

  // Bedingungen zum Triggern von Short-Positionen
  indicator3 = xxxx
  c3 = (close > indicator3)

   

  //Bedingugngen zum Einstieg in Long-/Shortpostitionen
  timeframe (10 seconds)
  if not longonmarket and c1 then
  buy 1 contract at indicator1 stop
  endif

  if not shortonmarket and c3 then
  sellshort 1 contract at indicator3 stop
  endif

  // GET OUT RULES??????

  Exit trade when a new candle opens in TF 5   ( WHAT IS THE CODE FOR THAT)

   

   

   

  THank you!

  

  Amr600

  Participant

  Topics: 2

  Replies: 14

  Been thanked: 1 time
  09/20/2021 at 7:17 PM #177990
  Amr600

  I tried this:

   

  IF BarIndex – TradeIndex = x Then
  Sell at Market
  ExitShort at Market

   

  But if I write it under timeframe (5 Minutes) it doesnt exit anyway.

  If i write it under timeframe (10 seconds) it exits after a specific amount of bars, but not at the open of the new candle in the 5 min tf.

  

  Amr600

  Participant

  Topics: 2

  Replies: 14

  Been thanked: 1 time
  09/20/2021 at 7:38 PM #177992
  GraHal

  You need to use below …

   

  timeframe (5 minutes, updateonclose)

  1	timeframe (5 minutes, updateonclose)

  

  GraHal

  Participant

  Topics: 222

  Replies: 9307

  Been thanked: 2462 times
  09/20/2021 at 8:00 PM #177995
  Amr600

  what will that change for the closing of my order?

   

  this just delays my entry…..

  

  Amr600

  Participant

  Topics: 2

  Replies: 14

  Been thanked: 1 time
  09/20/2021 at 8:14 PM #177996
  GraHal

  See if attached does what you want it to ?

  I used 1 min (in place of 5 min) because 1 min produced more trades.

   

  

  GraHal

  Participant

  Topics: 222

  Replies: 9307

  Been thanked: 2462 times
  09/20/2021 at 8:31 PM #178000
  Amr600

  my problem is no the buying or how much trades the system produces. — I am opening orders in the 10 second timeframe,

   

  My proplem are the exits. —  I want to exit in the 5 minute timeframe.

   

   

  No matter when my trade is opened, i want to end it as soon as the next 5 minute bar opens.

  

  Amr600

  Participant

  Topics: 2

  Replies: 14

  Been thanked: 1 time
  09/20/2021 at 8:35 PM #178001
  Amr600

  the code must be something like:

  for longpositions:

  if longonmarket then sell next bar at open in timeframe (5 minutes)

  for shortpositions:

  if shortonmarket then exitshort next bar at open in timeframe (5 minutes) 

  

  Amr600

  Participant

  Topics: 2

  Replies: 14

  Been thanked: 1 time
  09/20/2021 at 9:09 PM #178004
  robertogozzi

  Strategies are only executed when a bar closes. At that time you will be able to open or close any trade, no choice.

  To be able to close, in a 5-minute TF, when the, say, 080000 candle opens, you need to place the exit order when the 075500 candle closes.

  Another solution could be to use a 1-second TF so that you close the trade at the closing of the 080000 1-second TF, that is at 080001.

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 18044

  Been thanked: 4611 times
  09/21/2021 at 7:57 AM #178019
  Amr600

  I know. I think you dont understand me.

   

  My system is buying in the 10 second chart when a buysignal is given in the 5 min chart.

  And my problem is: I want the system to sell when a new candle is opened in the 5 min chart. And i dont have the code for that.

  

  Amr600

  Participant

  Topics: 2

  Replies: 14

  Been thanked: 1 time
  09/21/2021 at 8:09 AM #178025
  Amr600

  I need the code for:

   

  timeframe (5 minutes)

  EXIT = ………………………………           <————– what is the condition to sell next bar at open in the 5 minute timeframe?

   

  timeframe (10 seconds)

  If longonmarket and EXIT then
  sell at market
  endif

  If shortonmarket and EXIT then
  exitshort at market
  endif

  

  Amr600

  Participant

  Topics: 2

  Replies: 14

  Been thanked: 1 time
  09/21/2021 at 8:16 AM #178031
  robertogozzi

  To exit when a candle opens you have to exit when the previous bar closes.

  To exit at 080000 you have to exit at the closing of the 075500 candle.

  IF Time = 080000 THEN // exit here ENDIF

  1 2 3

  IF Time = 080000 THEN    // exit here ENDIF

  in the 5-minute TF (in the 10-second TF you should use 075550).

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 18044

  Been thanked: 4611 times
  09/21/2021 at 8:27 AM #178034
  Amr600

  But i dont know when my system is opening a trade.. so how should i know the exact time when to close it?

   

   

  

  Amr600

  Participant

  Topics: 2

  Replies: 14

  Been thanked: 1 time
  09/21/2021 at 8:36 AM #178038
  Amr600

  I want the system to be flat, everytime a new candle opens in the t5 minute time frame.

  

  Amr600

  Participant

  Topics: 2

  Replies: 14

  Been thanked: 1 time
  09/21/2021 at 8:43 AM #178043
  robertogozzi

  That’s easy, just exit as the beginning of your code. It will ALWAYS close any open trade:

  Timeframe (5 minutes, updateonclose) SELL AT Market EXITSHORT AT Market

  1 2 3

  Timeframe (5 minutes, updateonclose) SELL AT Market EXITSHORT AT Market

  there’s no need to check if already OnMarket, as if it’s not the two instructions are ignored. And if you are in a Long position EXITSHORT will be ignored (and the opposite for SELL).

  1 user thanked author for this post.

  Amr600

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 18044

  Been thanked: 4611 times
  09/21/2021 at 8:47 AM #178044
  Amr600

  THANK YOU!

   

  Thats what i was looking for, thank you VERY MUCH!!!!!!

  

  Amr600

  Participant

  Topics: 2

  Replies: 14

  Been thanked: 1 time
• Author
  Posts