Help with setting exit at end of day if profit otherwise sell after 5 days

• 11/01/2016 at 12:40 PM #15813
  jolln

  Hi, i wanna create a really simple exit strategy for stocks and apply it to some other simple strategies i am trying out with stocks.

  What i want to do is create a exit strategy that exits the position if the position is in profit 5 minutes before market closing. It should keep doing this for 4 days and on the 5th day sell either way (despite being in loss) 5 minute before market closes.

  Here is a simple strategy for entering stochastics (2,3) on 30 and exit at 70 (and short the opposite). Now i want to add in the above exit strategy. What code do i write?

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = Stochastic[14,2](close) c1 = (indicator1 CROSSES OVER 30) IF c1 THEN BUY 50 SHARES AT MARKET ENDIF // Conditions to exit long positions indicator2 = Stochastic[14,2](close) c2 = (indicator2 CROSSES UNDER 70) IF c2 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator3 = Stochastic[14,2](close) c3 = (indicator3 CROSSES OVER 70) IF c3 THEN SELLSHORT 50 SHARES AT MARKET ENDIF // Conditions to exit short positions indicator4 = Stochastic[14,2](close) c4 = (indicator4 CROSSES OVER 30) IF c4 THEN EXITSHORT AT MARKET ENDIF

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = Stochastic[14,2](close) c1 = (indicator1 CROSSES OVER 30)   IF c1 THEN BUY 50 SHARES AT MARKET ENDIF   // Conditions to exit long positions indicator2 = Stochastic[14,2](close) c2 = (indicator2 CROSSES UNDER 70)   IF c2 THEN SELL  AT MARKET ENDIF   // Conditions to enter short positions indicator3 = Stochastic[14,2](close) c3 = (indicator3 CROSSES OVER 70)   IF c3 THEN SELLSHORT 50 SHARES AT MARKET ENDIF   // Conditions to exit short positions indicator4 = Stochastic[14,2](close) c4 = (indicator4 CROSSES OVER 30)   IF c4 THEN EXITSHORT  AT MARKET ENDIF

  I appreciate any help and tips. I am quite new to prorealtime so i am very open to critique and learning.

  Regards,

  Jolln

  

  jolln

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  04/12/2017 at 11:07 AM #31844
  fredd81

  Hi

  Did you sort this ?

  I also want to exit the firt day in profit in the end of the day if possible

  Now my algo exit the first bar in profit instantly with this code

  if longonmarket and (barindex=tradeindex+5 or close > tradeprice) then
  sell at market

   

  

  fredd81

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  04/18/2017 at 10:04 AM #32401
  Nicolas

  Because codes are only read once at Close of the bar, and if you are using this code on a daily timeframe, it is not possible to make it do things before the end of the day.  Until we get the multitimeframe support, I do not see any accurate solution I’m sorry!

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  fredd81

  

  Nicolas

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