ProOrder and Customized Time Zones

Loeiz · Sat, 23 Apr 2016 15:35:22 +0000

Good afternoon. Looking for help because I can’t get ProOrder to take into account customized time zones on my automated daily trading strategy. Any idea ? Thanks !! Below the details : I want ProOrder to potentially place trades everyday at 7am UK time, based on conditions computed at close of the previous daily bar. In other words, I want both my charts and ProOrder to run in customized time zone, 7am to 6:59:59am everyday. I thought that would be simple, but I can’t get it to work I’m trading indices that have a standard market time zone from midnight to 11:59:59pm. Here is what I did and what happened : – I went to platform options / timezones and trading hours, and selected “diplay all data in this timezone” and chose the “UTC-6” timezone. In the chart windows, I also chose my charts to be all displayed in daily bars. It worked fine: after reloading the platform, all my charts successfully displayed daily bars, with each daily bar starting at 7am UK time (i.e., midnight in UTC-6 time zone) – At this stage, I tested ProOrder with a dummy, super simple code: “IF Close>Close[1] THEN BUY 1 CONTRACTS AT MARKET ENDIF” – But then, instead of placing orders at 7am UK time on the next day, ProOrder placed orders at midnight UK time. Instead of computing the condition above based on 7am to 6:59:59am bars (UK time, as displayed on my charts), I believe it computed it based on mignight to 11:59:59pm bars (UK time, not displayed on my charts). In other words, even though PRT correctly displayed charts in my customized time zone, ProOrder totally ignored my customized time zone. Any way to fix this ? Many thanks

This topic has 19 replies, 3 voices, and was last updated 8 years ago by Nicolas.

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04/27/2016 at 6:41 AM #6077

Loeiz

Thanks Nicolas. Very helpful. At least I’ll stop trying to understand why that does not work !! 🙂

Even though I’m not sure I understand why they cannot make it work. I definitely hope they do as part of a new version of ProRealTime. All the graphs are displayed perfectly in ProRealTime (in customized time and daily bars) for ca. 3 years of history, which might be a bit short for backtesting purposes, but is much more information than needed to run automated orders. Not being able to run automated orders on a customized daily timeframes sounds like it makes ProOrder an intraday tool only, which is a bit disappointing (obviously, I guess no one wants to place automated orders on European or American markets at midnight where spreads are highest and liquidity is lowest; and if you want to place daily orders on Asian markets (as I do), you cant’s just go with a “defparam flatbefore 070000” which would ignore the latest 7 hours of relevant information).

I definitely hope they fix this in the next version. In any case, the rest of the tool is great, and this forum is extremely helpful, so thanks a million for this !

Best,

Loeïz

Loeiz
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04/30/2016 at 5:31 PM #6266

Loeiz

Thank you so much Nicolas

Best,

Loeiz
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04/30/2016 at 7:07 PM #6269

Nicolas

I appreciate! Have a great week-end! 😉

Nicolas
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05/10/2016 at 11:00 AM #6666

Wilko

Thank you for a great thread! I have been as puzzled as Loeiz as I could not think that the system could have been envisaged with such a major flaw. I’ve tried over and over to adapt to daily timeframes based on the actual market opening hours, eg DAX between 08:00 and 22:00 CET. Obviously, as Loeiz pointed out, you do not want to trade systems based on daily frames at midnight when spreads are ridiculous. The only work-around I have come up with is to reconstruct daily indicators based on 1-hour timeframes and have a TIME condition so that trades are only executed once per day. But this of course limits the data available for backtesting.

The PRT code language is really simple, intuitive and simple to work with. Therefore I really hope that PRT will develop ProOrder backtesting and live trading such that it becomes a usable tool, as opposed to the current situation, ie a nice tool without appropriate live functionality for trading on daily timeframes and in reality limited data available for backtesting purposes.

Does anybody know what PRT plans are in terms of future development and releases?

Wilko
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05/10/2016 at 11:18 AM #6671

Nicolas

I know multitimeframe is actually been working on by PRT developers as it is a major request by customers. I haven’t tested myself, so I cannot say if it will solve this daily timeframe customized issue, sorry.

Nicolas
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