Time limit for an order

Barney · 2017-02-19T15:29:28+00:00

Want to have a time limit how long a position may be open. How does such a code look like? Barney

Viewing 8 posts - 1 through 8 (of 8 total)

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02/19/2017 at 4:29 PM #25620 quote

Barney
Participant

Senior

Want to have a time limit how long a position may be open.

How does such a code look like?

Barney

02/19/2017 at 5:19 PM #25624 quote
Wing
Participant

Veteran
```
once Counter=0

counter=counter+1

If counter>10 then
sell at market
endif

if buyconditions=true then
buy 1 lot at market
counter=0
endif
```
’10’ in this case is the amount of bars that the trade will stay open.
02/19/2017 at 5:41 PM #25625 quote
Barney
Participant

Senior
“Error in line 9 character 18

Please complete the syntax of the line”

When i past your code.

Perhaps i paste the code in wrong place?

Here is my code!

OMX30 15 min and 0,5p spread.

It don’t work good in downtrend, therefore i must have something that stops algon in long term downtrend.
```
// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

// Conditions to enter long positions

indicator1 = Average[80](close)
indicator2 = Average[5](close)
c1 = (indicator1 CROSSES UNDER indicator2)

IF c1 THEN
BUY 2 CONTRACT AT MARKET
ENDIF

// Stops and targets
SET TARGET pPROFIT 3
```
02/19/2017 at 6:08 PM #25628 quote
Wing
Participant

Veteran
The last four lines of my code represent your own buy conditions, so you need to put this right after you buy the contracts.
```
counter=0
```
02/19/2017 at 9:15 PM #25646 quote

Barney
Participant

Senior

I have to be sluggish in the head.

Can you post the code where it should be. 🙂

I am new to coding…

02/19/2017 at 11:44 PM #25665 quote
Wing
Participant

Veteran
```
// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

once counter=0
counter=counter+1

if counter>10 then
sell at market
endif

// Conditions to enter long positions

indicator1 = Average[80](close)
indicator2 = Average[5](close)
c1 = (indicator1 CROSSES UNDER indicator2)

IF c1 THEN
BUY 2 CONTRACT AT MARKET
counter=0
ENDIF

// Stops and targets
SET TARGET pPROFIT 3
```
Does that work?
02/20/2017 at 4:56 PM #25784 quote
Barney
Participant

Senior
Yes, it works fine.

But my system did not like it.

It works well but in downtrend it don’t work so good.

What can i do to fix my problem…….
```
// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

// Conditions to enter long positions

indicator1 = Average[80](close)
indicator2 = Average[5](close)
c1 = (indicator1 CROSSES UNDER indicator2)

IF c1 THEN
BUY 1 CONTRACT AT MARKET
ENDIF

// Stops and targets
SET TARGET pPROFIT 3
```
omx-30-min.jpg
02/21/2017 at 8:18 PM #25975 quote

Wing
Participant

Veteran

A stop loss maybe? Seeing as you have a a very low take profit, on relatively high time frame, make sure your system does not trick you because of the ‘zero bar issue’ though.
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