How to make program close all positions by 4:15PM EST?

honoluluhustler · (login for full post details)

I have another question. Is it possible to make the trading bot close all positions by a certain time? I plan to use Global Futures and the $500 intraday trading margin and holding a postion past 4:15pm EST results in full margin.

Mahalo,

Honolulu Hustler

Inputs: Price( Open ),
Length1 ( 15 ),
Length2 ( 20 )
Cts ( 4 ),
TGT ( 100 ),
STP ( 75 );

Vars: ExpAv1 ( 0 ),
PrevNetProfit ( 0 ),
PrevNetLoss ( 0 ),
StopTrading (false),
ROC1 ( 0 );

ExpAv1 = XAverage ( Price, Length1 ) ;
ROC1 = ( PRICE - PRICE[Length2] ) / PRICE[Length2] * 100 ; { RATE OF CHANGE }

if Date <> Date [1] then
begin
PrevNetProfit = NetProfit;
StopTrading = false;
end;

if NetProfit >= PrevNetProfit + 100 then StopTrading = true;

if Date <> Date [1] then
begin
PrevNetLoss = NetLoss;
StopTrading = false;
end;

if NetLoss >= PrevNetLoss + 80 then StopTrading = true;

{Buy or short sell contracts at exponential average crossovers}

if volume > 5000 and ROC1 > 0 and Price[1] crosses above ExpAv1[1] then
begin
buy ( "buy") Cts contracts next bar at market ;

setprofittarget (TGT);
setstoploss (STP);

end;

value97 = text_new ( D, T, ExpAv1, "*" );
text_setcolor (Value97, Cyan);

ABCTG · (login for full post details)

honoluluhustler,

yes, this is doable. Use an input for the time when you want to close out the trades.
Then check for

Code

If Time > StopTime then
begin
//exit your open trades

end;

You might want to check for Time < StopTime when you open new trades, otherwise your signal might just trigger a new entry just after you closed it out.

Regards,

ABCTG

Big Mike · (login for full post details)

@honoluluhustler are you affiliated with Global Futures in any way?

Mike

Big Mike · (login for full post details)

Closing this thread as a duplicate of:

How to make program stop trading after it has lost $80?

How to make program stop trading after it has lost $80 for the DAY, so there aren't draw downs that wipe out my account.

I have the code in there to make it stop trading after it is profitable, however when i use "NetLoss" it says it is an …

Mike

How to make program close all positions by 4:15PM EST?

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How to make program close all positions by 4:15PM EST?

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