Define a time stop

sebb9707 · 2020-10-20T11:22:14+00:00

Hi, I would like to define a time exit in a trading system where it sell the position after 5 days. How do I define that? I would also like to know how to define a sell of a postion at close of the first day with profit but with a maximum of 5 days. How would that be defined? Best regards, Sebastian B

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10/20/2020 at 12:22 PM #147892 quote

sebb9707
Participant

Junior

Hi,

I would like to define a time exit in a trading system where it sell the position after 5 days. How do I define that?

I would also like to know how to define a sell of a postion at close of the first day with profit but with a maximum of 5 days. How would that be defined?

Best regards,
Sebastian B

10/20/2020 at 1:03 PM #147898 quote

robertogozzi
Moderator

Legend

On a daily TF ?

10/20/2020 at 1:13 PM #147899 quote

sebb9707
Participant

Junior

Hi,

Yes, on a daily TF, please.

Best regards,
Sebastian B

10/20/2020 at 1:32 PM #147903 quote
robertogozzi
Moderator

Legend
Exit after N days:
```
N = 5
If OnMarket and ((BarIndex - TradeIndex) >= N) Then
   Sell at Market
   Exitshort at Market
Endif
```
10/20/2020 at 1:35 PM #147905 quote
robertogozzi
Moderator

Legend
Exit after N days or earlier if in profit:
```
N = 5
If OnMarket and (((BarIndex - TradeIndex) >= N) or (PositionPerf > 0)) Then
   Sell at Market
   Exitshort at Market
Endif
```
10/20/2020 at 1:59 PM #147909 quote

sebb9707
Participant

Junior

Thank you so much for the help!

Best regards,
Sebastian B
Author

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