Time of candle opening vs time of candle closing
- This topic has 9 replies, 4 voices, and was last updated 2 months ago by
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trigger candle meets all the entry conditions, opens at 08:00
But it wouldn’t meet the condition Time <= 080000, you would need to use Time < 080000?
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The candle that triggers the trade is the close of the 07:45 candle (which is < 080000) and then the trade is opened at 080000.
Did you try it with Time < 080000 (not <=) is the trade still opened at 080000?
EDIT / PS
Just cheked your ss and the trade is opened at 081500 after being triggered at the close of the 080000 candle … so that is correct as your code??
Exactly. As Grahal says, the activation occurs on the previous candle. The reason is that the condition
Time <= 080000is true on the previous candle (at the close of the candle it is already 8:00).1 user thanked author for this post.
Yes, demo entry is correct as per your code … IF (DayOfWeek = 1 AND Time <= 080000) THEN
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If you run this code you will se the entry ARROW plotted just under the candle labelled 08:00 every Monday, since the trade is actually entered at 08:00 because the order is placed when the 07:45 candle closes:
123456IF OnMarket THENSELL at MarketENDIFIF (DayOfWeek = 1 AND Time = 080000) THENBUY at MArketENDIFreplacing line 4 by this one, you will se the entry ARROW plotted just under the candle labelled 08:15 every Monday, since the trade is actually entered at 08:15 because the order is placed when the 08:00 candle closes.
1IF (DayOfWeek = 1 AND OpenTime = 080000) THENThanks Roberto
Small changes can make big differences!
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