how to close at the end of day on a daily candle

• 08/31/2016 at 9:15 AM #12513
  chris

  I would like to figure out how to code entering a trade at the open and exiting at the close on a daily candle.

  here is my attempt at the code which opens and closes simultaneously, rather than the end of day (:

  any suggestions greatly appreciated

   

   

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated Position = 10 starttime = 090000 finishtime = 230000 ema = ExponentialAverage[10](close) // Conditions to enter long positions c1 = (ema > ema[1]) c2 = (currenttime = starttime) IF c1 and c2 THEN BUY position CONTRACT AT MARKET ENDIF // Conditions to exit long positions c3 = (currenttime = finishtime) IF c3 then sell position contract at market endif // Conditions to enter short positions c4 = (ema < ema[1]) c5 = (currenttime = starttime) IF c4 and c5 THEN SELLSHORT position CONTRACT AT MARKET ENDIF // Conditions to exit short positions c6 = (currenttime = finishtime) if c6 then exitshort position contract at market endif // Stops and targets SET STOP loss 1*(averagetruerange[14](close))

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated Position = 10 starttime = 090000 finishtime = 230000 ema = ExponentialAverage[10](close)   // Conditions to enter long positions c1 = (ema > ema[1]) c2 = (currenttime = starttime) IF c1 and c2 THEN BUY position CONTRACT AT MARKET ENDIF   // Conditions to exit long positions c3 = (currenttime = finishtime) IF c3 then sell position contract at market endif   // Conditions to enter short positions c4 = (ema < ema[1]) c5 = (currenttime = starttime)   IF c4 and c5 THEN SELLSHORT position CONTRACT AT MARKET ENDIF   // Conditions to exit short positions c6 = (currenttime = finishtime) if c6 then exitshort position contract at market endif   // Stops and targets SET STOP loss 1*(averagetruerange[14](close))

   

  

  chris

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  08/31/2016 at 11:08 AM #12519
  grizzly

  Hi Chris,

  What instrument are you referring to, and what time zone are is your platform set to ?

  Your code refers to “currenttime” – should this be just “time” ?

  In any case – This sample code should point you in the right direction, using XJO as it appears your a fellow Aussie 😉

  Use c2 for entries and c3 for exits

  DayOpenTime = 100100 //1min after market open DayCloseTime = 155900 //1min before market close c2 = time <= DayOpenTime c3 = time >= DayCloseTime

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  DayOpenTime = 100100 //1min after market open DayCloseTime = 155900 //1min before market close   c2 = time <= DayOpenTime c3 = time >= DayCloseTime

   

   

  

  grizzly

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  08/31/2016 at 12:06 PM #12522
  chris

  many thanks Grizzly

  I have set the time zone as Sydney GMT+10 (screenshot attached)

  I am looking to test on Australia 200 & AUD/USD on daily candles timeframes, which would include after hours trading to pick up any moves during the europe & US sessions.  I’ll adjust the times to 000100 to enter and 115900 to exit – I’ll do some testing & see how it goes.

  cheers

  Chris

  

  chris

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  09/01/2016 at 8:03 AM #12535
  chris

  When I applied the code to Sydney GMT+10 there were no entries & when I changed that to GMT+1 the entry conditions seemed to work, though not the exit based on time – see attached screenshot.  Could it be something around when the time condition is met, it is applied to the next bar and leaves the position open??

  Any suggestions?

   

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated DayOpenTime = 000100 //1min after market open DayCloseTime = 235900 //1min before market close Position = 1 ema = ExponentialAverage[10](close) // Conditions to enter long positions c1 = (ema > ema[1]) c2 = time <= DayOpenTime IF c1 and c2 THEN BUY position CONTRACT AT MARKET ENDIF // Conditions to exit long positions c3 = time >= DayCloseTime IF c3 then sell position contract at market endif // Conditions to enter short positions c4 = (ema < ema[1]) c5 = time <= DayOpenTime IF c4 and c5 THEN SELLSHORT position CONTRACT AT MARKET ENDIF // Conditions to exit short positions c6 = time >= DayCloseTime if c6 then exitshort position contract at market endif // Stops and targets SET STOP loss 1*(averagetruerange[14](close))

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   DayOpenTime = 000100 //1min after market open DayCloseTime = 235900 //1min before market close Position = 1 ema = ExponentialAverage[10](close)   // Conditions to enter long positions c1 = (ema > ema[1]) c2 = time <= DayOpenTime IF c1 and c2 THEN BUY position CONTRACT AT MARKET ENDIF   // Conditions to exit long positions c3 = time >= DayCloseTime IF c3 then sell position contract at market endif   // Conditions to enter short positions c4 = (ema < ema[1]) c5 = time <= DayOpenTime   IF c4 and c5 THEN SELLSHORT position CONTRACT AT MARKET ENDIF   // Conditions to exit short positions c6 = time >= DayCloseTime if c6 then exitshort position contract at market endif   // Stops and targets SET STOP loss 1*(averagetruerange[14](close))

   

  

  chris

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  09/01/2016 at 8:56 AM #12540
  Nicolas

  When you are changing timezome in the configuration window, you need to save the platform and restart it, otherwise it will not has any effect on the current session.

  About the exit at end of day, maybe you can try to add this line at the beginning of the code and see what happens:

  defparam flatafter = 235900

  1	defparam flatafter = 235900

   

  

  Nicolas

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  09/01/2016 at 9:58 AM #12544
  chris

  Thanks Nicolas – no luck I’m afraid.  I’ll experiment with an intraday timeframe and see how that goes.  cheers Chris

   

  

  chris

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  09/01/2016 at 1:09 PM #12548
  Nicolas

  You’ll get more chance with an intraday timeframe for sure. Since each condition are only tested once per bar, your condition to close trades are not executed, because this time condition will never be met.

  

  Nicolas

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