About Easylanguage Time Management for Entering Trades

January 3rd, 2021, 04:01 PM

Hello, I am quite new to easy language, recently I wrote to exercise myself, this Signal in Multicharts to enter a trade at given day of week in a given hour in the inputs for the SP future 30 minutes chart, and exit the trade at another day of week and hour.

Code

input: NContracts(1),
	MyTimeEntry(1200),
	MyTimeExit(1200),
	Mystop(1000),
	Myprofit(0),
	MyBeginningDay(1),
	MyEndingDay(3);

if dayofweek(date) = MyBeginningDay and Time = MyTimeEntry then begin

	Buy ("Bias_Long") NContracts contracts this bar on close;

end;

if dayofweek(date) = MyEndingDay and Time = MyTimeExit then begin

	if marketposition <> 0 then sellshort ("Time_Exit_L") next bar high limit;
	
end;

if mystop > 0 then setstoploss(mystop);
if myprofit > 0 then setprofittarget(myprofit);

Basically it never enter the trade on Monday, I also tryed to optimize for MyBeginningDay and it never feels like it is Monday = 1...Same thing with the hour it randomly take a different hour to exit the trade on the same day most of the time.

I have quite an headache understating what can be the problem for this simple and stupid code.
I am also sure I setup properly symbol session time in quote manager, using exchange session time zone. And I also removed holidays.

-Are the bars provided by IQfeed not properly set? or is it because I am doing something wrong with the code or datafeed?

-Is there some difference between datafeed exchange time, local time and bars time?

-Any suggestions to improve the code and make it work as intended?

kevinkdog · January 3rd, 2021, 05:32 PM

I tried it, and got plenty of Monday entries (I added one print statement so you can see):

Code

input: NContracts(1),
	MyTimeEntry(1200),
	MyTimeExit(1200),
	Mystop(1000),
	Myprofit(0),
	MyBeginningDay(1),
	MyEndingDay(3);

if dayofweek(date) = MyBeginningDay and Time = MyTimeEntry then begin
    If MyBeginningDay=1  then print ("buy on Monday ", date);
	Buy ("Bias_Long") NContracts contracts this bar on close;

end;

if dayofweek(date) = MyEndingDay and Time = MyTimeExit then begin

	if marketposition <> 0 then sellshort ("Time_Exit_L") next bar high limit;
	
end;

if mystop > 0 then setstoploss(mystop);
if myprofit > 0 then setprofittarget(myprofit);

buy on Monday 1200106.00
buy on Monday 1200113.00
buy on Monday 1200120.00
buy on Monday 1200127.00
buy on Monday 1200203.00
buy on Monday 1200210.00
buy on Monday 1200217.00
buy on Monday 1200224.00
buy on Monday 1200302.00
buy on Monday 1200309.00
buy on Monday 1200316.00
buy on Monday 1200323.00
buy on Monday 1200330.00
buy on Monday 1200406.00
buy on Monday 1200413.00
buy on Monday 1200420.00
buy on Monday 1200427.00
buy on Monday 1200504.00
buy on Monday 1200511.00
buy on Monday 1200518.00
buy on Monday 1200525.00
buy on Monday 1200601.00
buy on Monday 1200608.00
buy on Monday 1200615.00
buy on Monday 1200622.00
buy on Monday 1200629.00
buy on Monday 1200706.00
buy on Monday 1200713.00
buy on Monday 1200720.00
buy on Monday 1200727.00
buy on Monday 1200803.00
buy on Monday 1200810.00
buy on Monday 1200817.00
buy on Monday 1200824.00
buy on Monday 1200831.00
buy on Monday 1200907.00
buy on Monday 1200914.00
buy on Monday 1200921.00
buy on Monday 1200928.00
buy on Monday 1201005.00
buy on Monday 1201012.00
buy on Monday 1201019.00
buy on Monday 1201026.00
buy on Monday 1201102.00
buy on Monday 1201109.00
buy on Monday 1201116.00
buy on Monday 1201123.00
buy on Monday 1201130.00
buy on Monday 1201207.00
buy on Monday 1201214.00
buy on Monday 1201221.00
buy on Monday 1201228.00

I also optimized for Entry hour, and got plenty of entries every hour...

January 3rd, 2021, 05:46 PM

M4STR0

Code

if dayofweek(date) = MyEndingDay and Time = MyTimeExit then begin
	if marketposition <> 0 then sellshort ("Time_Exit_L") next bar high limit;

Sellshort is reversing your trade from long to short, not just exiting the position. To exit and not reverse just use sell.

January 4th, 2021, 08:39 AM

Thank you Kevinkdog and SMCJB, but I guess something is wrong with multicharts, once I have tradestation I will also test this in that platform perhaps it is just a problem of multicharts and iqfeed bar data. Did not know about the difference between sellshort and sell, thank you this was helpful.

kevinkdog · January 4th, 2021, 09:07 AM

M4STR0

Thank you Kevinkdog and SMCJB, but I guess something is wrong with multicharts, once I have tradestation I will also test this in that platform perhaps it is just a problem of multicharts and iqfeed bar data. Did not know about the difference between sellshort and sell, thank you this was helpful.

I get the same results in MultiCharts - I cannot duplicate the issues you mentioned.

January 4th, 2021, 12:28 PM

M4STR0

Did not know about the difference between sellshort and sell, thank you this was helpful.

Buy and Sellshort enter new positions. If you currently have a position in the opposite direction it will both close it and enter the new position (ie reverse the position).
Buytocover and Sell will only close positions.

January 5th, 2021, 02:32 PM

I did some further investigations by doing some sane debugging, I added this

Code

print(datetimetostring(datetime), "	", "dayofweek(d):", dayofweek(d),"		", "Time:", Time,"	", "dayofweek(date):", dayofweek(date));

to the signal and rewrote it a bit like this:

Code

input: NContracts(1);
input:	MyTimeEntry(2200), MyTimeExit(2200);
input: MyBeginningDay(1), MyEndingDay(3);
input:	Mystop(0), Myprofit(0), MyBreakeven(0);

print(datetimetostring(datetime), "	", "dayofweek(d):", dayofweek(d),"		", "Time:", Time,"	", "dayofweek(date):", dayofweek(date));

if Time = MyTimeEntry and dayofweek(d) = MyBeginningDay then buy ("Bias_Long") NContracts contracts next bar market;
if Time = MyTimeExit and dayofweek(d) = MyEndingDay then sell ("Bias_Short") NContracts contracts next bar at market;

setstopcontract;

if MyStop > 0 then setstoploss(Mystop);
if MyBreakeven > 0 then setbreakeven(MyBreakeven);
if MyProfit > 0 then setprofittarget(MyProfit);

The debuggin output is interesting
30/09/2020 05:00:00 dayofweek(d): 3.00 Time: 500.00 dayofweek(date): 3.00
30/09/2020 06:00:00 dayofweek(d): 3.00 Time: 600.00 dayofweek(date): 3.00
30/09/2020 09:00:00 dayofweek(d): 3.00 Time: 900.00 dayofweek(date): 3.00
01/10/2020 20:00:00 dayofweek(d): 4.00 Time:2000.00 dayofweek(date): 4.00
02/10/2020 04:00:00 dayofweek(d): 5.00 Time: 400.00 dayofweek(date): 5.00
02/10/2020 05:00:00 dayofweek(d): 5.00 Time: 500.00 dayofweek(date): 5.00
02/10/2020 06:00:00 dayofweek(d): 5.00 Time: 600.00 dayofweek(date): 5.00
02/10/2020 07:00:00 dayofweek(d): 5.00 Time: 700.00 dayofweek(date): 5.00
02/10/2020 08:00:00 dayofweek(d): 5.00 Time: 800.00 dayofweek(date): 5.00
07/10/2020 02:00:00 dayofweek(d): 3.00 Time: 200.00 dayofweek(date): 3.00
07/10/2020 08:00:00 dayofweek(d): 3.00 Time: 800.00 dayofweek(date): 3.00
08/10/2020 08:00:00 dayofweek(d): 4.00 Time: 800.00 dayofweek(date): 4.00
09/10/2020 02:00:00 dayofweek(d): 5.00 Time: 200.00 dayofweek(date): 5.00
09/10/2020 03:00:00 dayofweek(d): 5.00 Time: 300.00 dayofweek(date): 5.00
12/10/2020 04:00:00 dayofweek(d): 1.00 Time: 400.00 dayofweek(date): 1.00
12/10/2020 09:00:00 dayofweek(d): 1.00 Time: 900.00 dayofweek(date): 1.00
14/10/2020 06:00:00 dayofweek(d): 3.00 Time: 600.00 dayofweek(date): 3.00
14/10/2020 08:00:00 dayofweek(d): 3.00 Time: 800.00 dayofweek(date): 3.00
15/10/2020 05:00:00 dayofweek(d): 4.00 Time: 500.00 dayofweek(date): 4.00
15/10/2020 07:00:00 dayofweek(d): 4.00 Time: 700.00 dayofweek(date): 4.00
15/10/2020 08:00:00 dayofweek(d): 4.00 Time: 800.00 dayofweek(date): 4.00
16/10/2020 08:00:00 dayofweek(d): 5.00 Time: 800.00 dayofweek(date): 5.00
21/10/2020 07:00:00 dayofweek(d): 3.00 Time: 700.00 dayofweek(date): 3.00
21/10/2020 19:00:00 dayofweek(d): 3.00 Time:1900.00 dayofweek(date): 3.00
26/10/2020 04:00:00 dayofweek(d): 1.00 Time: 400.00 dayofweek(date): 1.00
27/10/2020 18:00:00 dayofweek(d): 2.00 Time:1800.00 dayofweek(date): 2.00
28/10/2020 04:00:00 dayofweek(d): 3.00 Time: 400.00 dayofweek(date): 3.00
28/10/2020 16:00:00 dayofweek(d): 3.00 Time:1600.00 dayofweek(date): 3.00
29/10/2020 06:00:00 dayofweek(d): 4.00 Time: 600.00 dayofweek(date): 4.00
29/10/2020 07:00:00 dayofweek(d): 4.00 Time: 700.00 dayofweek(date): 4.00
29/10/2020 09:00:00 dayofweek(d): 4.00 Time: 900.00 dayofweek(date): 4.00
30/10/2020 04:00:00 dayofweek(d): 5.00 Time: 400.00 dayofweek(date): 5.00
30/10/2020 05:00:00 dayofweek(d): 5.00 Time: 500.00 dayofweek(date): 5.00
30/10/2020 07:00:00 dayofweek(d): 5.00 Time: 700.00 dayofweek(date): 5.00
30/10/2020 08:00:00 dayofweek(d): 5.00 Time: 800.00 dayofweek(date): 5.00
02/11/2020 04:00:00 dayofweek(d): 1.00 Time: 400.00 dayofweek(date): 1.00
02/11/2020 06:00:00 dayofweek(d): 1.00 Time: 600.00 dayofweek(date): 1.00
02/11/2020 09:00:00 dayofweek(d): 1.00 Time: 900.00 dayofweek(date): 1.00
04/11/2020 02:00:00 dayofweek(d): 3.00 Time: 200.00 dayofweek(date): 3.00
05/11/2020 09:00:00 dayofweek(d): 4.00 Time: 900.00 dayofweek(date): 4.00
06/11/2020 04:00:00 dayofweek(d): 5.00 Time: 400.00 dayofweek(date): 5.00
06/11/2020 07:00:00 dayofweek(d): 5.00 Time: 700.00 dayofweek(date): 5.00
06/11/2020 08:00:00 dayofweek(d): 5.00 Time: 800.00 dayofweek(date): 5.00
09/11/2020 06:00:00 dayofweek(d): 1.00 Time: 600.00 dayofweek(date): 1.00
09/11/2020 08:00:00 dayofweek(d): 1.00 Time: 800.00 dayofweek(date): 1.00
11/11/2020 07:00:00 dayofweek(d): 3.00 Time: 700.00 dayofweek(date): 3.00
12/11/2020 08:00:00 dayofweek(d): 4.00 Time: 800.00 dayofweek(date): 4.00
16/11/2020 07:00:00 dayofweek(d): 1.00 Time: 700.00 dayofweek(date): 1.00
19/11/2020 06:00:00 dayofweek(d): 4.00 Time: 600.00 dayofweek(date): 4.00
23/11/2020 08:00:00 dayofweek(d): 1.00 Time: 800.00 dayofweek(date): 1.00
25/11/2020 00:00:00 dayofweek(d): 3.00 Time: 0.00 dayofweek(date): 3.00
25/11/2020 01:00:00 dayofweek(d): 3.00 Time: 100.00 dayofweek(date): 3.00
25/11/2020 02:00:00 dayofweek(d): 3.00 Time: 200.00 dayofweek(date): 3.00
25/11/2020 16:00:00 dayofweek(d): 3.00 Time:1600.00 dayofweek(date): 3.00
25/11/2020 20:00:00 dayofweek(d): 3.00 Time:2000.00 dayofweek(date): 3.00
25/11/2020 23:00:00 dayofweek(d): 3.00 Time:2300.00 dayofweek(date): 3.00
27/11/2020 06:00:00 dayofweek(d): 5.00 Time: 600.00 dayofweek(date): 5.00
29/11/2020 18:00:00 dayofweek(d): 0.00 Time:1800.00 dayofweek(date): 0.00
30/11/2020 09:00:00 dayofweek(d): 1.00 Time: 900.00 dayofweek(date): 1.00
11/12/2020 08:00:00 dayofweek(d): 5.00 Time: 800.00 dayofweek(date): 5.00
13/12/2020 22:00:00 dayofweek(d): 0.00 Time:2200.00 dayofweek(date): 0.00
16/12/2020 09:00:00 dayofweek(d): 3.00 Time: 900.00 dayofweek(date): 3.00
16/12/2020 16:00:00 dayofweek(d): 3.00 Time:1600.00 dayofweek(date): 3.00
17/12/2020 20:00:00 dayofweek(d): 4.00 Time:2000.00 dayofweek(date): 4.00
18/12/2020 09:00:00 dayofweek(d): 5.00 Time: 900.00 dayofweek(date): 5.00
21/12/2020 06:00:00 dayofweek(d): 1.00 Time: 600.00 dayofweek(date): 1.00

for starters the data I got ends the 21/12/2020 and looks like the day 1.00 of the week never gets to hour 22000...
Perhaps for Monday I have to use day 0 instead of 1

kevinkdog · January 5th, 2021, 02:40 PM

It goes off of your chart time, so that is what I'd check.

January 5th, 2021, 03:42 PM

I am using this session time settings now, before I saw I did a mistake between the days

Open Time Close Time Session End

Sunday 17:00 Monday 16:00 X
Monday 17:00 Tuesday 16:00 X
Tuesday 17:00 Wednesday 16:00 X
Wedsnesday 17:00 Thurdsday 16:00 x
Thurdsday 17:00 Friday 16:00 x

and Exchange time in the instrument chart settings for the SP future

Anyway, now that I fixed the session time settings I see it still does not start most of the time in monday, this is really weird.

kevinkdog · January 5th, 2021, 04:23 PM

Something is goofy here, because if you are using 30 minute bars, you should have a print statement printing out every 30 minutes. You don't have any print statements at 630, 730 etc, and you are missing a lot of bars at 00 times.

About Easylanguage Time Management for Entering Trades

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About Easylanguage Time Management for Entering Trades