Support Board
Support Board
Search Board
Control Panel
View My Posts / Threads
Direct MessagesDate/Time: Mon, 29 Apr 2024 08:58:09 +0000
[User Discussion] - Exiting Trade Automatically Before the Close
View Count: 1076
| [2015-01-12 14:05:47] |
| infpz - Posts: 826 |
|
My question is in regards to setting up an "exit on close" parameter for orders being created while autotrading using the Excel spreadsheet study. First I have my charts set to market hours for the markets being traded (ie 9:30-16:00) A.) I am using the Time Range Highlight study to attempt to accomplish an exit on close. The settings I use on the study are "start time: 16:00 / end time: 9:30 / display forward projection: no". B.) I will reference the TRH study for both entry and exit parameters including it in an AND function with the logic being for ENTRY: TRH=0 and EXIT: TRH>0 as the study registers a 0 when the Highlight condition is negative and a larger than zero number when the condition is true. I believe I have the logic correct however I still get "overnight holds" (i.e. exit at 9:30am the next day) when backtesting. Any thoughts or suggestions are appreciated. |
| [2015-01-12 22:28:56] |
| Sawtooth - Posts: 3982 |
|
Use cell J28 to disable autotrading outside of regular hours, like this: =OR(J41-INT(J41)<TIMEVALUE("09:30:00"),J41-INT(J41)>TIMEVALUE("16:00:00")) Use cell J29 to flatten at a certain time, like this: =J41-INT(J41)>TIMEVALUE("16:00:00") You might want to use an end time of 15:59:00 instead, if you must be flat by 16:00:00. Here are more examples for additional situations: http://www.sawtoothtrade.com/example-4.html Date Time Of Last Edit: 2015-08-14 02:17:39
|
To post a message in this thread, you need to log in with your Sierra Chart account: