Please help coding day of month strategy!!

October 30th, 2020, 09:57 PM

jburke75

I didn't know there was this dayofmonth fuction but here is the final code that actually works in TS for the idea I have originally which was buy only on a certain number trading day of the month and sellshort on another.

Code

//short side
//set your charst to daily, day session only, custom day session 830-1510 central time.  
//ending 5 minutes early to exit on close
//sell short on the 830 oprn of the 5th trading day of the month
//starting with the 2nd day in the trade, exit on the first 3:10pm custom session close 
//that is higher than the previous days close
//do not take new short signal if currently long

//long side
//buy on the 830 open of the 5th trading day of the month
//starting with the 2nd day in the trade, exit on the first 3:10pm custom session close 
//that is lower than the previous days close
//do not take new long signal if currently short







If marketposition=0 then begin
If month(date) <> month(date[4]) 
and month(date) = month(date[3]) 
and month(date) = month(date[2]) 
and month(date) = month(date[1]) 
then sell short next bar at market;

end;
If barssinceentry>=2 and close>close[1] then buytocover next bar at market;

If marketposition=0 then begin
If month(date) <> month(date[19]) 
and month(date) = month(date[1]) 
and month(date) = month(date[2]) 
and month(date) = month(date[3]) 
and month(date) = month(date[4]) 
and month(date) = month(date[5]) 
and month(date) = month(date[6]) 
and month(date) = month(date[7]) 
and month(date) = month(date[8]) 
and month(date) = month(date[9]) 
and month(date) = month(date[10]) 
and month(date) = month(date[11]) 
and month(date) = month(date[12]) 
and month(date) = month(date[13]) 
and month(date) = month(date[14]) 
and month(date) = month(date[15]) 
and month(date) = month(date[16]) 
and month(date) = month(date[17]) 
and month(date) = month(date[18])  
then buy next bar at market;

end;
If barssinceentry>=2 and close<close[1] then sell next bar at market;

Here is an updated easier code that I finally figured out.

Code

If marketposition=0 then begin
If month(date) <> month(date[4]) 
and month(date) = month(date[3])
then sell short next bar at market;

end;
If barssinceentry>=2 and close>close[1] then buytocover next bar at market;


If marketposition=0 then begin
If month(date) <> month(date[19])
and month(date) = month(date[18])  
then buy next bar at market;

end;
If barssinceentry>=2 and close<close[1] then sell next bar at market;

Does anyone have any other ways to do this? i.e DayOfMonth function? maybe sellshort next bar after the 10th calendar day of each month? It seems there is no way else to do this but I am open to other ideas. Thank you Kevin and ABC for your help. Your guys really are the real deal.

ABCTG · November 2nd, 2020, 06:56 AM

@jburke75,

there is usually more than one way to accomplish something, but your approach appears to be perfectly fine. Besides that its simplicity has some elegance to it, too.
When you start working with DayOfMonth you will have to deal with holidays or weekends as the desired day of the month might not be a trading day.

Regards,

ABCTG

Please help coding day of month strategy!!

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Please help coding day of month strategy!!