Time and Day conditions

• 06/03/2020 at 11:38 AM #134372
  robertogozzi

  Almost every trader loves selecting trading hours and trading days.

  The most common way is to use:

  TimeCond = OpenTime >= HHMMSS and OpenTime <= HHMMSS DayCond = OpenDayOfWeek >= 1 AND OpenDayOfWeek <= 5 IF MyConditions AND Not OnMarket AND TimeCond AND DayCond THEN . . ENDIF

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  TimeCond = OpenTime >= HHMMSS and OpenTime <= HHMMSS DayCond  = OpenDayOfWeek >= 1 AND OpenDayOfWeek <= 5 IF MyConditions AND Not OnMarket AND TimeCond AND DayCond THEN . . ENDIF

  Selecting different days and custom different hours each day is a bit longer, I suggest:

  ONCE startT = 000000 //Starting TIME ONCE endT = 240000 //Ending TIME td0 = 0 AND OpenDayOfWeek = 0 AND OpenTime >= startT AND OpenTime <= endT //Sunday td1 = 1 AND OpenDayOfWeek = 1 AND OpenTime >= startT AND OpenTime <= endT //Monday td2 = 1 AND OpenDayOfWeek = 2 AND OpenTime >= startT AND OpenTime <= endT //Tuesday td3 = 1 AND OpenDayOfWeek = 3 AND OpenTime >= startT AND OpenTime <= endT //Wednesday td4 = 1 AND OpenDayOfWeek = 4 AND OpenTime >= startT AND OpenTime <= endT //Thursday td5 = 1 AND OpenDayOfWeek = 5 AND OpenTime >= startT AND OpenTime <= endT //Friday td6 = 0 AND OpenDayOfWeek = 6 AND OpenTime >= startT AND OpenTime <= endT //Saturday td7 = 0 AND OpenDayOfWeek > 6 AND OpenTime >= startT AND OpenTime <= endT //unpredictable :) td8 = 0 AND OpenDayOfWeek < 0 AND OpenTime >= startT AND OpenTime <= endT //very unpredictable :) :) tdCond = td0 OR td1 OR td2 OR td3 OR td4 OR td5 OR td6 OR td7 OR td8

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  ONCE startT = 000000   //Starting TIME ONCE endT   = 240000   //Ending TIME td0         = 0 AND OpenDayOfWeek = 0 AND OpenTime >= startT AND OpenTime <= endT  //Sunday td1         = 1 AND OpenDayOfWeek = 1 AND OpenTime >= startT AND OpenTime <= endT  //Monday td2         = 1 AND OpenDayOfWeek = 2 AND OpenTime >= startT AND OpenTime <= endT  //Tuesday td3         = 1 AND OpenDayOfWeek = 3 AND OpenTime >= startT AND OpenTime <= endT  //Wednesday td4         = 1 AND OpenDayOfWeek = 4 AND OpenTime >= startT AND OpenTime <= endT  //Thursday td5         = 1 AND OpenDayOfWeek = 5 AND OpenTime >= startT AND OpenTime <= endT  //Friday td6         = 0 AND OpenDayOfWeek = 6 AND OpenTime >= startT AND OpenTime <= endT  //Saturday td7         = 0 AND OpenDayOfWeek > 6 AND OpenTime >= startT AND OpenTime <= endT  //unpredictable :) td8         = 0 AND OpenDayOfWeek < 0 AND OpenTime >= startT AND OpenTime <= endT  //very unpredictable :) :) tdCond      = td0 OR td1 OR td2 OR td3 OR td4 OR td5 OR td6 OR td7 OR td8

  so you can select DAYS by simply setting 0 or 1 after “=”, as you can select custom hours by changing starting and ending hours, such as starting later on Monday morning or Ending earlier on Friday night or not trading at all on Wednesday.

  You may want to use TIME instead of OPENTIME or DAYOFWEEK instead of OPENDAYOFWEEK as best suits your needs.

  You can use tdCond to (not) enter a trade:

  IF MyConditions AND Not OnMarket AND tdCond THEN . . ENDIF

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  IF MyConditions AND Not OnMarket AND tdCond THEN . . ENDIF

   

  5 users thanked author for this post.

  PLermite, Nicolas, swedshare, keewee, Francesco

  

  robertogozzi

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  06/03/2020 at 7:32 PM #134463
  GraHal

  Link to above added as Log 220 to here …

  Snippet Link Library

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  robertogozzi

  

  GraHal

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  06/04/2020 at 11:24 AM #134538
  keewee

  Thanks for the Time/day codes robertogozzi!

  I would love to hear how you guys and gals reason regarding Time and Date. Do you let the algos run 24/7 or have some time restrictions?

  

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  06/04/2020 at 11:38 AM #134539
  robertogozzi

  I let them run 24/7 (I am not a scalper).

  Some strategies of mine based on a 4h+ TF may stay open even a 2-3 weeks. On shorter TF’s they normally close quite soon, the same day or within a couple of days at the latest.

  Well… tht was a bit off topic. Yes, I always select custom operating time ranges (but once trades are opened I let them run).

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  keewee

  

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  06/04/2020 at 12:48 PM #134550
  keewee

  robertogozzi, so you have a time frame where you allow entering a trade, say for example between 9.00 – 18.00. Rest of the time is not allowed. But when in a trade you allow it to run 24/7…did I understand you correct?
  If so, is the time frame because of potential difference in spreads or different market behaviours? Or maby both?

  Thanks again for all nice codes and support!

  

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  06/04/2020 at 1:11 PM #134553
  robertogozzi

  I mainly trade DAX, so spread is higher (even 6 or more pips) and Volatility is lower after 22 (but I usually stop trading at 18/19)  till 9 the next morning.

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  keewee

  

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  07/24/2021 at 5:49 AM #174074
  IG_CFD_Trader

  Hi Roberto,

  What is the most accurate and effective code of referencing the:

  • 8am bar of the current day AND;
  • The 16:15pm bar of the previous day AND;
  • The 8am bar of the previous day

  Irrespective of weekends (i.e. if Tuesday it references Tuesday and Monday and if Monday it references Monday and Friday)

  

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  07/24/2021 at 8:29 AM #174076
  robertogozzi

  There’s no way to access those bars with direct instructions, you need to save those BarIndex’s in variables as they show.

  Each new day each bar becomes yesterday’s bar:

  If IntraDayBarIndex = 0 Then Yesterday8 = Today8 Today8 = 0 Yesterday1615 = Today1615 Today1615 = 0 Endif If OpenTime = 080000 Then Today8 = BarIndex Endif // If OpenTime = 161500 Then Today1615 = BarIndex Endif

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  If IntraDayBarIndex = 0 Then    Yesterday8    = Today8    Today8        = 0    Yesterday1615 = Today1615    Today1615     = 0 Endif If OpenTime = 080000 Then    Today8        = BarIndex Endif // If OpenTime = 161500 Then    Today1615     = BarIndex Endif

   

  

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  07/24/2021 at 8:39 AM #174077
  robertogozzi

  To make it work only Mon to Fri:

  If OpenDayOfWeek >= 1 and OpenDayOfWeek <= 5 Then If IntraDayBarIndex = 0 Then    Yesterday8    = Today8    Today8        = 0    Yesterday1615 = Today1615    Today1615     = 0 Endif If OpenTime = 080000 Then    Today8        = BarIndex Endif // If OpenTime = 161500 Then    Today1615     = BarIndex Endif Endif

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  If OpenDayOfWeek >= 1 and OpenDayOfWeek <= 5 Then    If IntraDayBarIndex = 0 Then       Yesterday8    = Today8       Today8        = 0       Yesterday1615 = Today1615       Today1615     = 0    Endif    If OpenTime = 080000 Then       Today8        = BarIndex    Endif    //    If OpenTime = 161500 Then       Today1615     = BarIndex    Endif Endif

  

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