prevent my system from taking a trade with CurrentDayOfWeek condition

• 09/24/2020 at 11:52 AM #145170
  scoot3r83

  Hi,

  I’m trying to prevent my system from taking a trade prior to 8pm Sunday night for a system in the US.. to avoid the ASX open. I have added this code however it does not prevent the trade entry.

  Time Block

  noTradeTimeBlock = NOT (CurrentTime < 160000 AND CurrentTime < 200000 AND CurrentDayOfWeek = 0)

  1	noTradeTimeBlock = NOT (CurrentTime < 160000 AND CurrentTime < 200000 AND CurrentDayOfWeek = 0)

  I have then included ‘noTradeTimeBlock’ in the buy order requirements. I understand this to say to remain false if the time is between 4pm & 8pm of a Sunday. Is there something incorrect here?

  When backtesting the system, a trade is still taken at 19:10 of a Sunday night, which I’m trying to avoid. I do also have the PRT time settings set to New York UTC +04:00.

  

  scoot3r83

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  09/24/2020 at 12:10 PM #145182
  robertogozzi

  Do Not use CURRENTTIME, use either TIME (time when a bar closes)  or OPENTIME (time when a bar opens).

  Try this (not tested):

  noTradeTimeBlock = OpenTime < 200000 AND CurrentDayOfWeek = 0

  1	noTradeTimeBlock = OpenTime < 200000 AND CurrentDayOfWeek = 0

   

  

  robertogozzi

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  09/28/2020 at 11:17 AM #145652
  scoot3r83

  Hi @robertogozzi, thanks for the reply. I tried the code you suggested using ‘OpenTime’ or ‘Time’ and it works but begins to fail when I include the ‘CurrentDayOfWeek=0’. I am trying to avoid the opening of a trade in the hours before the markets open in New York time (8pm).

  So, this works to exclude the trade within the time as below

  noTradeTimeBlock = NOT ((Time >= 140000) AND (Time <= 200000))

  1	noTradeTimeBlock = NOT ((Time >= 140000) AND (Time <= 200000))

  but as soon as I add the CurrentDayOfWeek function it begins to fail to remove the trades in the time frame I am trying to avoid.

  noTradeTimeBlock = NOT ((Time >= 140000) AND (Time <= 200000) AND (CurrentDayOfWeek=0))

  1	noTradeTimeBlock = NOT ((Time >= 140000) AND (Time <= 200000) AND (CurrentDayOfWeek=0))

  So in plain terms, if it is a Sunday and between 2pm and 8pm I want the strategy not to open any trade. So ‘noTradeTimeBlock’ will positive or true only when it is not a Sunday & between 2pm & 8pm.

  I don’t believe the syntax is incorrect but have I then used the ‘CurrentDayOfWeek’ function incorrectly?

  

  scoot3r83

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  09/28/2020 at 11:27 AM #145655
  robertogozzi

  Sorry, I incorrectly used CURRENTdayofweek, use OpenDayOfWeek

  o or DayOfWeek, instead.

   

  

  robertogozzi

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  09/28/2020 at 3:11 PM #145700
  scoot3r83

  Same results. This really has me puzzled.

  

  scoot3r83

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  09/28/2020 at 3:46 PM #145710
  robertogozzi

  TIME or OPENTIME will use your time zone, not NY’s.

  Did you take this into account?

  1 user thanked author for this post.

  scoot3r83

  

  robertogozzi

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