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in developing intraday system how we could use the concept of timed exit at a certain time of the trading hours?
it must be applicable for range bars also beside the actual time frame ( for any tf its easy but for range bars - what to do?)
for example - we take a simple ma crossover system of a fast average and slow average.
f=fast average;
s=slow average;
so the buy and sell will be
buy=Cross(f,s);
sell=Cross(s,f); // and exit at 2300 hrs;
now if to implement that the sell condition also have a timed exit part - i.e. at a certain time - lets say at 2300 hrs - all active trade will be closed - be it buy or sell.
what is the code to be used for the timed exit?
in a breakout system, what will be a good cover and exit condition?
breakout condition for bur or sell ( cover/exit logic, code needed for this buy/sell trade)