Close position when new candle

• 10/20/2020 at 1:28 PM #147902
  umebon

  Hi again

  I have watched tutorials but I cant figure out how the code is for closing a position after a candle when a new candle begins. Please can someone help me with that.

  

  umebon

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  10/20/2020 at 1:40 PM #147907
  robertogozzi

  Simply add these lines at the beginning of your code, just after DEFPARAM’s:

  Sell at Market Exitshort at Market

  1 2	Sell at Market Exitshort at Market

  when you are not OnMarket they are ignored, otherwise they will close any trade opened the previous candle.

   

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  umebon

  

  robertogozzi

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  10/20/2020 at 2:02 PM #147910
  umebon

  Is it possible too close position after X sec or X min?

  

  umebon

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  10/20/2020 at 2:17 PM #147913
  robertogozzi

  You can only count bars, read https://www.prorealcode.com/topic/define-a-time-stop/#post-147903.

  If you are using a minute or second TF, yes it’s possible.

   

  

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  10/20/2020 at 2:29 PM #147916
  umebon

  You are the best!

  But in a one minute TF I cant close a postion after 50 s? In that case i need to work with multiple timeframes?

  

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  10/20/2020 at 2:38 PM #147918
  MAKSIDE

  Yes, “Second” is the smallest TF (and tick isn’t possible yet..)

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  10/20/2020 at 2:56 PM #147921
  umebon

  But if I am in a 1 minute TF I cant define it too stop after x secs?

  

  umebon

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  10/20/2020 at 3:14 PM #147922
  MAKSIDE

  umebon wrote:

  But if I am in a 1 minute TF I cant define it too stop after x secs?

  Yes, you can do it

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  umebon

  

  MAKSIDE

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  10/20/2020 at 3:27 PM #147923
  umebon

  How do I write that code? I am in 1m TF and want it to stop after 50s.

  

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  10/20/2020 at 4:39 PM #147936
  robertogozzi

  There you go (run it from a 1-second TF):

  TIMEFRAME(1 minute,UpdateOnClose) IF MyLongConditions THEN BUY 1 Contract at Market ENDIF TIMEFRAME(1 second,UpdateOnclose) MySecond = opentime - (round((opentime / 100) - 0.5) * 100) TIMEFRAME(default) IF MySecond >= 50 AND LongOnMarket THEN SELL at Market ENDIF

  1 2 3 4 5 6 7 8 9 10

  TIMEFRAME(1 minute,UpdateOnClose) IF MyLongConditions THEN    BUY 1 Contract at Market ENDIF TIMEFRAME(1 second,UpdateOnclose) MySecond = opentime - (round((opentime / 100) - 0.5) * 100) TIMEFRAME(default) IF MySecond >= 50 AND LongOnMarket THEN    SELL at Market ENDIF

  line 8 checks for MySecond being 50 or greater, since it may happen not to have that candle on such a small TF.

  Searching this forum for the words MTF and Multi Time Frame will return many links to examples, documentations, blogs and many topics.

   

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