time-based trading system with trading day of the mounth

• 07/22/2022 at 10:31 AM #197694
  funkytown

  I would like to implement the following trading system:

  Buy on a certain trading day of the month when the high or low of the previous day is exceeded. Sell after x days at the close of trading if the take profit or stop loss is not reached beforehand.

  The correct calculation of the trading day of the month is important. Stock exchange holidays must also be taken into account, i.e. days on which there is no trading on the home exchange, e.g. Cbot, Euwax, CME etc.

  

  funkytown

  Participant

  Topics: 4

  Replies: 8

  Been thanked: 0 times
  07/22/2022 at 10:55 AM #197698
  robertogozzi

  It’s not possible to know when there are Holidays. We can only know there was one AFTER that day. So you will have to set the date (or at least the day). In case that day (or date) is a holiday, the trade will not be executed at all that month, or it can be executed the next day.

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16464

  Been thanked: 3640 times
  07/22/2022 at 11:07 AM #197700
  funkytown

  There must be another possibility. The system knows on which days of the month trading takes place. In a monthly view, each trading day has a candle. Now, for example, the trading system should place an order if the previous day’s high is exceeded on the 5th trading day.

  The system therefore only has to count off the trading days starting with the beginning of the month.

  

  funkytown

  Participant

  Topics: 4

  Replies: 8

  Been thanked: 0 times
  07/22/2022 at 11:49 AM #197705
  robertogozzi

  Yes, knowing them AFTER they occur is possible:

  ONCE Tally = 99 IF OpenMonth <> OpenMonth[1] THEN Tally = 0 ENDIF Tally = Tally + 1 IF Tally = 5 AND Not OnMarket THEN //enter on the closing of the 5th trading day IF high > high[1] THEN BUY 1 CONTRACT AT MARKET SET TARGET pPROFIT 300 SET STOP pLOSS 100 Count = 0 ENDIF ENDIF IF OnMarket THEN Count = Count + 1 IF Count = 3 THEN //exit after 3 days SELL AT MARKET ENDIF ENDIF graph Tally graph Count

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

  ONCE Tally = 99 IF OpenMonth <> OpenMonth[1] THEN    Tally = 0 ENDIF Tally = Tally + 1 IF Tally = 5 AND Not OnMarket THEN    //enter on the closing of the 5th trading day    IF high > high[1] THEN       BUY 1 CONTRACT AT MARKET       SET TARGET pPROFIT 300       SET STOP   pLOSS   100       Count = 0    ENDIF ENDIF IF OnMarket THEN    Count = Count + 1    IF Count = 3 THEN    //exit after 3 days       SELL AT MARKET    ENDIF ENDIF graph Tally graph Count

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16464

  Been thanked: 3640 times
  07/22/2022 at 12:54 PM #197713
  funkytown

  great. however, one condition is still missing. If Stop Loss or Take Profit are not triggered, the trade should be closed after 10 trading days at market on close. (e.g. 11 pm for the S&P500).

  by the way: must the computer be active with prorealtime for the orders or are the orders placed on the IG market?

  

  funkytown

  Participant

  Topics: 4

  Replies: 8

  Been thanked: 0 times
  07/24/2022 at 11:34 AM #197830
  robertogozzi

  This will do:

  ONCE TF = GetTimeFrame ONCE Tally = 99 IF OpenMonth <> OpenMonth[1] THEN Tally = 0 ENDIF IF OpenDay <> OpenDay[1] THEN Tally = Tally + 1 ENDIF IF Tally = 5 AND Not OnMarket THEN //enter on the closing of the 5th trading day IF high > high[1] THEN BUY 1 CONTRACT AT MARKET SET TARGET pPROFIT 300 SET STOP pLOSS 100 Count = 0 ENDIF ENDIF IF OnMarket THEN IF OpenDay <> OpenDay[1] THEN Count = Count + 1 ENDIF IF TF = 86400 THEN IF Count = 10 THEN //exit after 10 days SELL AT MARKET ENDIF ELSE IF Count = 10 AND Time = 230000 THEN //exit after 10 days at closing time SELL AT MARKET ENDIF ENDIF ENDIF graph Tally graph Count

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32

  ONCE TF = GetTimeFrame ONCE Tally = 99 IF OpenMonth <> OpenMonth[1] THEN Tally = 0 ENDIF IF OpenDay <> OpenDay[1] THEN Tally = Tally + 1 ENDIF IF Tally = 5 AND Not OnMarket THEN           //enter on the closing of the 5th trading day IF high > high[1] THEN BUY 1 CONTRACT AT MARKET SET TARGET pPROFIT 300 SET STOP   pLOSS   100 Count = 0 ENDIF ENDIF IF OnMarket THEN IF OpenDay <> OpenDay[1] THEN Count = Count + 1 ENDIF IF TF = 86400 THEN IF Count = 10 THEN                     //exit after 10 days SELL AT MARKET ENDIF ELSE IF Count = 10 AND Time = 230000 THEN   //exit after 10 days at closing time SELL AT MARKET ENDIF ENDIF ENDIF graph Tally graph Count

  be warned that if it’s run on a intraday TF, the TIME must be that when the last candle of the day closes (on a 4-hour TF there’s NO candle closing at 23, so you will need to use 21).

   

  1 user thanked author for this post.

  atxeel

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 16464

  Been thanked: 3640 times
  07/24/2022 at 1:04 PM #197834
  PeterSt

  funkytown wrote:

  by the way: must the computer be active with prorealtime for the orders or are the orders placed on the IG market?

  
  @funkytown, No.  The orders are placed by PRT servers; your PC can be shut off (after you started the Autotrading System of concern).

  

  PeterSt

  Participant

  Topics: 70

  Replies: 2284

  Been thanked: 692 times
  07/26/2022 at 2:17 PM #197958
  funkytown

  Great, thank you very much.

  

  funkytown

  Participant

  Topics: 4

  Replies: 8

  Been thanked: 0 times
• Author
  Posts