Open a position on Monday

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03/07/2017 at 4:27 PM #27557 quote
Henry
Participant

Average
A request that was addressed to ProRealTime:

I am wanting to build a system that just buys the open of the market on a Monday.

Entry is at the open of the cash market on the ASX
Target is 7 points and stop is 7 points

Suggestion for an anwser:
```
if dayofweek=5 then
buy 1 share at market
endif

Set stop ploss 7
Set target pprofit 7
```
03/07/2017 at 7:33 PM #27616 quote

robertogozzi
Moderator

Master

It’s clearly a mistake, due to rush I guess. To test if it’s Monday it should read “if dayofweek=1”.

03/07/2017 at 8:51 PM #27637 quote

Nicolas
Keymaster

Master

Thanks Roberto, but I think it’s right since test are made on Close and trade on next open. So if you want to buy at Monday open, you must do your test at Friday Close 🙂

robertogozzi thanked this post

03/07/2017 at 10:03 PM #27646 quote

ritzy43
Participant

New

Thank you for the help on this. I have no idea to do this programming but this is greatly appreciated. If you wanted to stop to be a break of the opening 5m bar how would you do that?
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Open a position on Monday

ProOrder: Automated Strategies & Backtesting

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Henry @henry Participant

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This topic contains 3 replies,
has 4 voices, and was last updated by ritzy43
9 years ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	03/07/2017
Status:	Active
Attachments:	No files

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