Time and Day conditions
- This topic has 8 replies, 2 voices, and was last updated 3 years ago by
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Almost every trader loves selecting trading hours and trading days.
The most common way is to use:
123456TimeCond = OpenTime >= HHMMSS and OpenTime <= HHMMSSDayCond = OpenDayOfWeek >= 1 AND OpenDayOfWeek <= 5IF MyConditions AND Not OnMarket AND TimeCond AND DayCond THEN..ENDIFSelecting different days and custom different hours each day is a bit longer, I suggest:
123456789101112ONCE startT = 000000 //Starting TIMEONCE endT = 240000 //Ending TIMEtd0 = 0 AND OpenDayOfWeek = 0 AND OpenTime >= startT AND OpenTime <= endT //Sundaytd1 = 1 AND OpenDayOfWeek = 1 AND OpenTime >= startT AND OpenTime <= endT //Mondaytd2 = 1 AND OpenDayOfWeek = 2 AND OpenTime >= startT AND OpenTime <= endT //Tuesdaytd3 = 1 AND OpenDayOfWeek = 3 AND OpenTime >= startT AND OpenTime <= endT //Wednesdaytd4 = 1 AND OpenDayOfWeek = 4 AND OpenTime >= startT AND OpenTime <= endT //Thursdaytd5 = 1 AND OpenDayOfWeek = 5 AND OpenTime >= startT AND OpenTime <= endT //Fridaytd6 = 0 AND OpenDayOfWeek = 6 AND OpenTime >= startT AND OpenTime <= endT //Saturdaytd7 = 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 td8so 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:
1234IF MyConditions AND Not OnMarket AND tdCond THEN..ENDIFLink to above added as Log 220 to here …
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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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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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