Stipulate Trading Times

• 04/02/2017 at 10:19 AM #30677
  deletedaccount14122020

  Hello,

  My system trades on a 4 hour chart so new candles (and new trades) are triggered at 00:00, 04:00, 08:00, 12:00, 16:00, 20:00

  I am trying to add some code so that trading can only occur at 04:00, 08:00, 12:00 and 16:00 and not 00:00 and 20:00

  Can anyone advise if this is possible and if so which programming function(s) should I use

  Many thanks

  

  deletedaccount14122020

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  04/02/2017 at 10:27 AM #30679
  deletedaccount14122020

  As a follow up to this request I have ruled out using FLATBEFORE or FLATAFTER as I don’t want existing trades to be closed by these commands

  

  deletedaccount14122020

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  04/02/2017 at 1:18 PM #30701
  AutoStrategist

  I was going to suggest this code to test against before making a trade:

  ValidTime = not ((time = 000000) or (time = 200000))

  But to my surprise I can’t get it to work as still takes some positions at 20:00.  Either a bug in the system or a bug in my thinking.

  @Nicholas can you take a look please

  Using a 4 hour chart on a forex pair using the code below it still takes some positions at 200000 (see attached screenshot) even though the TimeCount graph output is 0? Only does this for 200000 not any of the other times.

  defparam CUMULATEORDERS = true
  once TimeCount = 0

  if not (time = 200000) then
  Buy 1 contract at market
  if time = 200000 then
  TimeCount = TimeCount + 1
  endif
  endif

  graph TimeCount

   

   

  

  AutoStrategist

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  04/02/2017 at 1:56 PM #30711
  Eric

  @TradeRanger

  You can probaly do it different ways

  you can try this

  ..and Time > 035900 and Time < 195900 Then buy..

   

  

  Eric

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  04/02/2017 at 2:14 PM #30713
  deletedaccount14122020

  Many thanks @ AutoStrategist and @Eric for your input. Like @AutoStrategist I got the same results with TIME 200000

  I’ve now incorporated the code from @Eric into my system and backtested it on 12 currency pairs and it all appears to be working correctly

  //Determine times when trading is allowed
  ValidTime = (TIME > 035900) AND (TIME <195900)

  once TradeTime = 1

  IF ValidTime THEN
  TradeTime = 1
  ELSE
  TradeTime = 0
  ENDIF

  Again thanks for your help

  

  deletedaccount14122020

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