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I have created an EL signal using Multicharts but I'm missing one thing. I only want to strategy to trade during a certain period of time. What is the simplest way to have the strategy stop looking for the setup after a certain time (or number of bars would work) and not turn back on until the next day? Specifically - if the signal is not valid before 10am then it would not take a trade until the following day, if valid. I think having a valid time of 9:30-10:00 would work but I don't know how to code that.
Can you help answer these questions from other members on NexusFi?
I'm working on a opening gap signal. I only want the signal to trigger if the gap is between 8 and 20 ticks, nothing less, nothing more. Below is what I have but it is only triggering gaps of exactly 8 and 20 ticks. How do I get it to be a range?
Timeframe is 2 min bars (most promising timeframe profit wise so far)
Inputs: MinGap (8) and MaxGap (20) - want to make it adjustable by tick
I could do closeD[1] and open. I probably will do that because it's easier that defining a valid time for the signal (which is what I started to do to avoid any gaps after the open). I used Highs and Lows because I stated playing with the preloaded Gap entry signal in MC. I'm still learning, the only programming skills I have came from some HTML / C++ programing in High School.
Nicholas, I think your correct, I changed it and also adjusted the Gap up. I also needed to adjust the MinGap * Ticksize calculation. Looks to be working now.