No Trade on First Friday in Month and on each Thursday afternoon

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09/15/2016 at 11:00 PM #13150 quote

Bolu14
Participant

New

Hello,

i try to build an Strategy System to trade the sideway Times on Market. So i need a code to avoid trade on the First Friday in Month (NFP Non Farm Payrols) and on each Thursday Afternoon, because there are many news so the market is trendy.

My Code was:

IF (CurrentDayofWeek = 5 and Date <= 07 and Hour >= 12) THEN
…..
ENDIF

IF (CurrentDayofWeek = 4 and Hour >= 12) THEN
…..
ENDIF

The second part, it seems, thats runs, but the first part does not run. There the system avoid on every Friday after 12 o`clock a trade. But it should do only on the first Friday in month. I think the Part “and Date <= 07” does not run.

How can i realise this?

Thanks.

09/16/2016 at 8:16 AM #13152 quote

JC_Bywan
Moderator

Master

Hi,

“Date” format is year and month and day, so date<=7 wouldn’t do what you want. You probably want to use “day” instead.

Also, currentdayofweek is litterally the current one, so it wouldn’t work in historic data, you probably want to use dayofweek instead.

Coding example for singling out the NFP day can be found in the following topic:

http://www.prorealcode.com/topic/how-to-halt-strategy-during-high-volatility-news/
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No Trade on First Friday in Month and on each Thursday afternoon

ProOrder: Automated Strategies & Backtesting

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Bolu14 @bolu14 Participant

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Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	09/15/2016
Status:	Active
Attachments:	No files

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