Stop loss only during set trading hours

ProRealP · 2022-08-13T10:51:34+00:00

Hello! I’m working on a system that’s only active during US trading hours. That is, I’ve set the trading hours in PRT and have added a set trade time to my partial close. An issue I’m trying to solve is how to make the stop loss only active during the trading hours the system is restricted to. What happens is that the stop loss is set during trading hours, but if the prices closes beneath/above the stop outside trading hours, it still triggers. I figured I might add the following to mittigate the issue If onmarket and TradeTime then set stop loss sl endif If onmarket and not TradeTime then set stop loss 0 endif However, I reckon this will set the stop loss to a new level when US trading resumes the next day. Any ideas how I could set it to the original stop loss, or another way to solve this? Thanks!

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10/20/2022 at 5:11 PM #202860 quote

robertogozzi

Moderator

Legend

Try this one:

N  = 100
sl = 100 * pipsize
tp = 400 * pipsize
OK = time >= 100000 AND time <= 170000
if OK and not onmarket and close crosses over average[N,0](close) then
   buy at market
   exitprice = close - sl
endif
if OK and not onmarket and close crosses under average[N,0](close) then
   sellshort at market
   exitprice = close + sl
endif
IF OK then
   set target profit tp
ELSE
   set target profit 0
endif
set stop   loss   0
if OK then
   if longonmarket then
      if close > exitprice then
         sell at exitprice STOP
      elsif close < exitprice then
         sell at exitprice LIMIT
      endif
   elsif shortonmarket then
      if close > exitprice then
         exitshort at exitprice LIMIT
      elsif close < exitprice then
         exitshort at exitprice STOP
      endif
   endif
endif
//graph positionprice * positionperf / pipsize as "tempGain"
graph OK > 0
graphonprice tradeprice                      as "Entry price"
graphonprice exitprice coloured(255,0,0,255) as "Stop Loss"

10/24/2022 at 10:09 AM #202974 quote