Open a position on Monday

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

  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

  1 2 3 4 5 6

  if dayofweek=5 then buy 1 share at market endif   Set stop ploss 7 Set target pprofit 7

   

  

  Henry

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  03/07/2017 at 7:33 PM #27616
  robertogozzi

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

   

   

  

  robertogozzi

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

  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 🙂

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  robertogozzi

  

  Nicolas

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  03/07/2017 at 10:03 PM #27646
  ritzy43

  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?

  

  ritzy43

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