CONTRACT LIMIT UNTIL TIME

• 04/21/2022 at 9:12 AM #192002
  ashehzi

  Hi,

  I put limit order based on my condition being fullfilled i.e.

  myLong= someValue

  TIMEOPERATE = TIME>000059 AND TIME<204500

  if condition=1 and TIMEOPERATE then

  BUY 1 CONTRACTS AT myLong limit

  endif

  Above will make sure the limit order is placed as (IG) GOOD UNTIL CANCEL.

  I don’t want any BUY orders after 2055 hours, so I want my LIMIT order to be LIMIT 205500 (time). Is there a way to do it in ProOrder?

  Thanks.

  

  ashehzi

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  04/21/2022 at 9:27 AM #192004
  robertogozzi

  There’s no UNTIL CANCEL instruction, as ProOrder CANCELS ALL pending orders when a candle closes (be it once a day in case of a Daily TF, or every second in case of 1-second TF).

  It’s the other way round… you’ll have to place pending orders again and again until you need it.

  So at any given time of your choice you only need to stop placing pending orders.

   

  

  robertogozzi

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  04/21/2022 at 9:51 AM #192006
  ashehzi

  Hi,

  The below logic is on 5m timeframe.

  Assuming I want my program to put orders until 204500 (08:45pm).

  Once condition is met, limit order is opened (attached snap bottom 20/04/22 20:45).

  The above is fine as per the rules till now.

  Now, I want to get my order cancelled (if already in place) and the time is 205000 (08:50 pm) because I don’t want any executions after 08:50pm.

  As per the snapshot, the original order of 20:45 stays in place and gets executed at 20:54 (because it was a limit order). At the same 20:54 stop and limit get amended as shown in the snapshot.

  Because of the price movement in my favour, Stop loss is pushed up at 21:05 (candle close/open time based on 5m tf).

  It gets closed at 21:06 on a small loss because of price movement of nasdaq based on TESLA earnings reporting.

   

  Is there a way to get the limit order closed at 08:50pm which was opened in the beginning at 08:45pm.

  Thanks for your quick responses.

   

   

  

  ashehzi

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  04/21/2022 at 11:00 AM #192016
  robertogozzi

  The rules about pending orders only apply to orders while they are still pending.

  Once they are triggered, you have to use the istructions to exit a trade at any given time, like any open trade.

  To exit an open trade at 08:45pm:

  IF Time = 204500 THEN SELL AT MARKET EXITSHORT AT MARKET ENDIF

  1 2 3 4

  IF Time = 204500 THEN    SELL      AT MARKET    EXITSHORT AT MARKET ENDIF

  If, instead, you are using a 5-minute TF and want to close any open trade AFTER 1 single bar, then place these few lines at the beginning of your code (just after DEFPARAMs, if any):

  IF OnMarket THEN SELL AT MARKET EXITSHORT AT MARKET ENDIF

  1 2 3 4

  IF OnMarket THEN    SELL      AT MARKET    EXITSHORT AT MARKET ENDIF

  

  robertogozzi

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  04/21/2022 at 11:11 AM #192018
  ashehzi

  Hi,

  If in trade, I have a condition already such as:

  IF LONGONMARKET and DayOfWeek = 5 and (TIME>205400) then
  Sell at market
  endif

  I am interested in closing my pending order programmatically at 2050 (e.g.) as I don’t want my pending order getting filled after 2050.

  

  ashehzi

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  04/21/2022 at 12:33 PM #192020
  ashehzi

  I see your post on https://www.prorealcode.com/topic/cancel-pending-orders/ stating

  I will have a look and try that option of QUIT and system settings.

  Thanks.

  

  ashehzi

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  04/21/2022 at 1:14 PM #192021
  ashehzi

  I’m going to use

  defparam FLATAFTER=205500

  hope it works.

  

  ashehzi

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