Hello Boarders

in developing intraday system how we could use the concept of timed exit at a certain time of the trading hours?
it must be applicable for range bars also beside the actual time frame ( for any tf its easy but for range bars - what to do?)

for example - we take a simple ma crossover system of a fast average and slow average.

f=fast average;
s=slow average;

so the buy and sell will be

buy=Cross(f,s);
sell=Cross(s,f); // and exit at 2300 hrs;

plot (C,"",colorgreen, 64);
PlotShapes( IIf( Buy, shapeUpArrow, shapeNone ), 51 );
PlotShapes( IIf( Sell, shapeDownArrow, shapeNone ), 42);


now if to implement that the sell condition also have a timed exit part - i.e. at a certain time - lets say at 2300 hrs - all active trade will be closed - be it buy or sell.

what is the code to be used for the timed exit?

in a breakout system, what will be a good cover and exit condition?

breakout condition for bur or sell ( cover/exit logic, code needed for this buy/sell trade)

Buy =Cross( C, Ref( HHV(H,Buyperiods), -1 )) ;
Sell =Cross(Ref(LLV(Low,Sellperiods),-1),C) ;

what condition can we apply here in the buy or sell for a good cover or exit from the trade?


rgds
sr

If I'm understanding what you want, this should do what you are looking for...

Defines when to enter trades, and when to exit.

 

Code

/* Define trading start and end times. Don't take trades outside these times */ /* Include in entry/exit rules only when trading equity markets */ FirstTradeTime = 094500; // Earliest time to take a trade LastTradeTime = 153000; // Latest time to take new trades ExitAllPositionsTime = 154500; // Exit all trades

 

Code

/* Buy & Sell Section */ Buy = ... AND (TimeNum() >= FirstTradeTime AND TimeNum() <= LastTradeTime ); // For US equities markets, exit when the current time is greater than a certain time of Day (e.g., > 15:30) Sell = ... OR TimeNum() >= ExitAllPositionsTime;

And just use the same logic for the Sell Short and Cover.

dwitkin 

If I'm understanding what you want, this should do what you are looking for... Defines when to enter trades, and when to exit.   Code /* Define trading start and end times. Don't take trades outside these times */ /* Include in entry/exit rules only when trading equity markets */ FirstTradeTime = 094500; // Earliest time to take a trade LastTradeTime = 153000; // Latest time to take new trades ExitAllPositionsTime = 154500; // Exit all trades   Code /* Buy & Sell Section */ Buy = ... AND (TimeNum() >= FirstTradeTime AND TimeNum() <= LastTradeTime ); // For US equities markets, exit when the current time is greater than a certain time of Day (e.g., > 15:30) Sell = ... OR TimeNum() >= ExitAllPositionsTime; And just use the same logic for the Sell Short and Cover.

Hi

thanx for the prompt reply

for a time frame based afl this logic will work, but for a range bar type it is not working?
as range bars are time independent

also cud u specify a good cover/exit logic in this case , then the time based exit can be over rided

rgds
sr