stay away from a specific time between close and open of new position

• 12/13/2017 at 9:52 AM #55556
  victormork

  I’ve coded a section preventing my system from opening a new position in the same direction as the old position just after a close of the old position. (I use a time exit so the entry signal can still be valid at close). It works on the backtest but I just wanted to double check if this is correct or if there is another way to do the same thing?

  if barindex > (longbarexit + stayawaytimeL) then longstayaway = 0 endif if barindex > (shortbarexit + stayawaytimeS) then shortstayaway = 0 endif ////////////////////////////////////////////////////////////////// //// Conditions to exit long positions ////////////////////////////////////////////////////////////////// le1 = barindex = tradeindex + Ltradetime if longonmarket and le1 then sell at market longbarexit = barindex longstayaway = 1 endif ////////////////////////////////////////////////////////////////// //// Conditions to exit lshort positions ////////////////////////////////////////////////////////////////// se1 = barindex = tradeindex + Stradetime if shortonmarket and se1 then exitshort at market shortbarexit = barindex shortstayaway = 1 endif

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  if barindex > (longbarexit + stayawaytimeL) then longstayaway = 0 endif   if barindex > (shortbarexit + stayawaytimeS) then shortstayaway = 0 endif     ////////////////////////////////////////////////////////////////// //// Conditions to exit long positions //////////////////////////////////////////////////////////////////   le1 = barindex = tradeindex + Ltradetime   if longonmarket and le1 then sell at market longbarexit = barindex longstayaway = 1 endif   ////////////////////////////////////////////////////////////////// //// Conditions to exit lshort positions //////////////////////////////////////////////////////////////////   se1 = barindex = tradeindex + Stradetime   if shortonmarket and se1 then exitshort at market shortbarexit = barindex shortstayaway = 1 endif

   

  

  victormork

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  12/14/2017 at 7:30 AM #55627
  mr blue

  thanks for sharing the code. what about testing this on the demo account?

  

  mr blue

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  12/14/2017 at 9:19 AM #55637
  victormork

  I have tested it on the demo and it works 🙂 I just wanted to see if there was somebody who had different way to accomplish the same thing.

  

  victormork

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