Not opening trades on Sunday

Gaby · 2022-11-14T10:47:49+00:00

Hello, in order to avoid to open any position on Sunday I have coded the following (Sunday = 0): DayCond = OpenDayOfWeek >= 1 AND OpenDayOfWeek = 014500 IF TimeCond and DayCond THEN However the algo managed to open a position on Sunday. DO you know why the DayCond was disregarded by Prorealcode? Many thanks for your help, Gaby

Viewing 4 posts - 1 through 4 (of 4 total)

Author

Posts
11/14/2022 at 11:47 AM #204125 quote

Gaby
Participant

Average

Hello,

in order to avoid to open any position on Sunday I have coded the following (Sunday = 0):

DayCond = OpenDayOfWeek >= 1 AND OpenDayOfWeek <= 5
TimeCond = OpenTime <= 204500 AND OpenTime >= 014500

IF TimeCond and DayCond THEN

However the algo managed to open a position on Sunday. DO you know why the DayCond was disregarded by Prorealcode?

Many thanks for your help, Gaby

11/14/2022 at 12:50 PM #204137 quote
robertogozzi
Moderator

Legend
Maybe you are placing a pending order on the very last candle on Friday, so it will be executed when the next bar opens, which might be on Sunday.

This code works correctly:
```
DEFPARAM CumulateOrders = true
sell at market
DayCond  = OpenDayOfWeek >= 1 AND OpenDayOfWeek <= 5
TimeCond = OpenTime <= 204500 AND OpenTime >= 014500
IF DayCond AND TimeCond THEN
   buy at market
ENDIF
graph DayCond
```
11/14/2022 at 11:14 PM #204179 quote

Gaby
Participant

Average

Thanks Roberto, you spot on!

It was a daily signal started on Fri @ 00.00.00 and given at the closure of the bar (on Friday day’s close). And the program correctly took the trade as soon as possible (Sunday @ 21.00 GMT).

Actually, I made a mistake on my first message, as in my first post analysis I did not see it was a daily signal. The daily program includes only the check on the DayCond (and not the TimeCond).

I have now modified my code as follow – and it works (it now prevent trading on Sunday evening at the opening to execute signals generated on Friday’s close):

// Avoid to open new trades on Sunday at 21.00.00 (for signals generated on Friday’s close), to avoid wide spreads on Sunday night
// Avoid to open new trades on Monday at 00.00.00 (for signals generated on Sunday’s close), to avoid to consider Sunday as a relevant day to generate the signal.
DayCond = OpenDayOfWeek >= 1 AND OpenDayOfWeek <= 5
Sunday = DayOfWeek[0]
IF DayCond AND NOT Sunday THEN

Thank you for your support. Gaby

11/15/2022 at 12:06 AM #204180 quote

Gaby
Participant

Average

========= ERRATA CORRIGE ========

This is the code that works (preventing trades to be opened on Sunday):

// Avoid to open new trades on Sunday at 21.00.00 (for signals generated on Friday’s close), to avoid wide spreads on Sunday night
// Avoid to open new trades on Monday at 00.00.00 (for signals generated on Sunday’s close), to avoid to consider Sunday as a relevant day to generate the signal.
DayCond = OpenDayOfWeek >= 1 AND OpenDayOfWeek <= 5
NoSunday = currentdayofweek=1 or currentdayofweek=2 or currentdayofweek=3 or currentdayofweek=4 or currentdayofweek=5

IF DayCond and NoSunday THEN
Author

Posts