Timer for trade to complete

• 09/25/2019 at 3:40 PM #108451
  Slowlyslowly

  Hello

   

  Is it possible to create an instructions that states “if trade has not completed within X bars close at breakeven if seen before target or loss.

   

  so effectively I can limit the time the code is running before breakeven is triggered into place regardless of the percentage of target achieved.

   

  This is for code that should work quickly hence the request to put a timer on it before reducing risk.

   

  Any help or direction would be appreciated.

   

  Kind regards

  

  Slowlyslowly

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  09/25/2019 at 3:49 PM #108452
  Slowlyslowly

  Hi

   

  Sorry should have said breakeven instruction is already written into code based on percentage of target achieved. With a “breakevenstart” instruction and breakevenLevel.

  

  Slowlyslowly

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  09/25/2019 at 3:55 PM #108453
  Vonasi

  Something like this perhaps:

  daysallowed = 10 if onmarket and barindex - tradeindex >= daysallowed then if longonmarket then if close > positionprice then sell at positionprice stop endif if close < positionprice then sell at positionprice limit endif endif if shortonmarket then if close < positionprice then exitshort at positionprice stop endif if close > positionprice then exitshort at positionprice limit endif endif endif

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  daysallowed = 10   if onmarket and barindex - tradeindex >= daysallowed then if longonmarket then if close > positionprice then sell at positionprice stop endif if close < positionprice then sell at positionprice limit endif endif   if shortonmarket then if close < positionprice then exitshort at positionprice stop endif if close > positionprice then exitshort at positionprice limit endif endif endif

   

  

  Vonasi

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