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| Implement once per day strategy from a specific time based on set range of candle periods |
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methetrader
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| Post subject: Implement once per day strategy from a specific time based on set range of candle periods |
Post rating: 0
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Posted: Mon 24 Feb, 2014, 14:57
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User rating: 0
Joined: Mon 24 Feb, 2014, 12:51
Posts: 2
Location: IrelandIreland
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Hello,
I currently am implementing a strategy to start at 10 GMT and end at 13 GMT. However, there are additional components that I want considered but I've not been able to program into the strategy:
1) I want to only allow 1 trade per day based on the strategy
2) though I want the stategy to implement 1 trade between 10:00-13:00 I want the cycle that the trade is based on to remain constant - basically I want the stategy only to look at the high price and low price between 5am-9:59am in order to trigger the trade event.
Can someone please provide guidance on this?
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dirk_r1
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| Post subject: Re: Implement once per day strategy from a specific time based on set range of candle periods |
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Posted: Fri 28 Feb, 2014, 18:21
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| Visual JForex expert at Dukascopy |  |
User rating: 27
Joined: Fri 03 May, 2013, 18:25
Posts: 366
Location: GermanyGermany
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Greetings!
Actually, there are at least two options how to do it:
1. on candle start point: you need to calculate the number of hour-candles; you will get the time as well
2. on tick start point as an example is attached.
| Attachments: |
methetrader_Time_expl.vfs [41.09 KiB]
Downloaded 151 times
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methetrader
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| Post subject: Re: Implement once per day strategy from a specific time based on set range of candle periods |
Post rating: 0
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Posted: Tue 04 Mar, 2014, 16:32
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User rating: 0
Joined: Mon 24 Feb, 2014, 12:51
Posts: 2
Location: IrelandIreland
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Thank you very much Dirk. I think most of my questions are answered but this might have created some additional questions.
I tested your sample exactly as it is. Without the SL and TP targets the once position only opens and doesn't close. When I tried to add a SL and TP then I ran it over a 1mo period , the strategy only ever implemented once and closed once the TP was hit rather than once per day though the conditions were met many times - so there might be an issue with the logic in that area.
For the high/low designations - I want to trigger a Buy if the price is 2 pips greater than the highest ask in the range ask and I want to trigger a Sell if the price is 2 pips lower than the lowest bid in the range - can I just base this off of the range of candles between 5am-10am GMT?
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