NexusFi: Find Your Edge


Home Menu

 





Not Trading during Economic Events


Discussion in EasyLanguage Programming

Updated
    1. trending_up 1,707 views
    2. thumb_up 0 thanks given
    3. group 1 followers
    1. forum 1 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
w0lverine
Charlotte, NC, United States
 
Posts: 1 since Apr 2019
Thanks Given: 0
Thanks Received: 0

I am creating a strategy to not trade during specific economic events i.e EIA or FOMC statements or be in a trade during those times. But I am not sure what If statement I need. I have the following code:

Quoting 
variables:
Avg1( 0 ),
Avg2( 0 ),
MP (0), //MarketPosition Reservered word
StartUnemploymentRate1 ( 0829),
EndUnemploymentRate1 ( 0830),
StartCrudeOilInvetories1 ( 1029),
EndCrudeOilInvetories1 ( 1031),
StartCrudeOilInvetories2 ( 1100),
EndCrudeOilInvetories2 ( 1101),
StartNaturalGasInventories1 ( 1029),
EndNaturalGasInventories1 ( 1031),
StartCropProduction1 ( 1159),
EndCropProduction1 ( 1201),
StartFOMCStatement1 ( 1259),
EndFOMCStatement2 ( 1259),
StartofDay ( 0931),
EndofDay ( 1500);

//Economic Announcements that we do not want to trade in:

Condition1 = T >= StartUnemploymentRate1 and T <= EndUnemploymentRate1;
Condition2 = T >= StartCrudeOilInvetories1 and T <= EndCrudeOilInvetories1;
Condition3 = T >= StartCrudeOilInvetories2 and T <= EndCrudeOilInvetories2;
Condition4 = T >= StartNaturalGasInventories1 and T <= EndNaturalGasInventories1;
Condition5 = T >= StartCropProduction1 and T <= EndCropProduction1;
Condition6 = T >= StartFOMCStatement1 and T <= EndFOMCStatement2;
Condition7 = T >= StartofDay and T <= EndofDay;


//Need to define strategy to not trade during these predetermined timeframes

// This ensures me all trades are closed before the respective time
if MarketPosition <> 0 and Condition1 = True then begin

if MarketPosition = 1 then Sell All Contracts Next Bar At Market;
if MarketPosition = -1 then Buytocover All Contracts Next Bar At Market;

end;

I will eventually turn this into a function and create a large Or statement but for now, I am trying to figure out how to ensure I am not in a trade during the stated times. While MarketPosition is helpful, it can cause issues depending on what chart type I use. So what is a good If statement to use to ensure I am not in a trade during the predefined times?


Reply With Quote

Can you help answer these questions
from other members on NexusFi?
April 2026 Jobs Report: +115k vs +65k Expected
Traders Hideout
TradingView Deploys AI to Monitor SEC Filings in Real Ti …
TradingView
Netherlands & Germany Surge as World Cup Field Narro …
Prediction Markets & Event Contracts
Iran Forward Curve: June 30 at 56% vs June 15 at 28% -- …
Prediction Markets & Event Contracts
Orban at 29pct as Hungary Votes Tomorrow -- McIlroy Surg …
Prediction Markets & Event Contracts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Big Mike in Ecuador
197 thanks
Sober Journey With S&P
27 thanks
30 Sessions
20 thanks
BERN ALGOS algo trading journal
8 thanks
Volume Indicators
8 thanks




Last Updated on March 25, 2020


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts