strategies on data2?

NexusFi · 2021-10-25T13:29:50-04:00

In regards to #1. No, the strategy will only trigger on the close of a bar on data1. So if you want to take trades based on your renko chart bar close, running renko on data2 will not work. To my knowledge, there is no good way to do what you need to do. I would suggest picking a certain amount of time before the close that you would like to try and close. If a bar closes greater than that time you will get closed. Otherwise, setting exit on close will give you a fill at the first new bar of the next session. In …

Discussion in EasyLanguage Programming

Updated October 25, 2021

strategies on data2?

October 25th, 2021, 01:29 PM

#11 (permalink)

ShadowFox

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Fox,

This is the first I've heard or seen the reserve word "SetExitOnClose". I just looked it up. According to MC's Keyword Reference, it says...

Closes out the current position at the Close tick of the last bar of the trading session on an intra-day chart; generates the appropriate Market exit order depending on whether the position is long or short.

SetExitOnClose function uses the session closing time specified in the session settings for the symbol in the QuoteManager.

So I'm wondering... if I set the session closing time to be the time I want all open positions to be closed at 4:05 PM EST, according to MC, this function should in fact close out any open positions, right???

That is correct, as soon as the last bar closes in the session it will generate a close market order. It only works in reality with a custom session as by the time the final bar closes under a regular session, the market is closed.