Overnight

[Jesse]

Hi,

I have a problem with overnight positions. Actually I created constrain for that problem like "to time > 3pm & to time < 10pm". But I still got overnight positions.

[NinjaTrader_Ray]

Could you kindly elaborate on what your issue is? I am afraid I don't see a clear question in your post. Thanks.

[Jesse]

What can I do to avoid "overnight positions" in an automated strategy? I want to close all positions at the end of the day, every day.

[NinjaTrader_Michael]

Hi Jesse,



I recommend closing out your trades manually as this would likely be the most efficient way to ensure you do not leave overnight positions.

[GerTrader]

Hi,

our problem is, that we want to close our positions in a stock future before the stock market is actually closing. For example, we want to close all our positions in a YM-Future, before the NYSE is closing - 4p.m.

Therefore we added the following condition to our strategies:

            if (ToTime(Time[0]) >= ToTime(21, 45, 0))
            {
                ExitLong("", "");
                ExitShort("", "");
            }

Since we are UTC/GMT+1 (Berlin, Central European Time), this should be 3:45 p.m. EST. So, this condition should be true when it is 3:45 p.m. EST or later and therefore prevent overnight positions, but it doesn't. Why?

Or ist there another automated way, to flatten all positions at a specific time?

[NinjaTrader_Bertrand]

Hi GerTrader,
You could use ExitOnClose and set the ExitOnCloseSeconds to match your desired exit time -> http://www.ninjatrader-support.com/H...itOnClose.html

NinjaTrader will use your set local time zone, maybe you want to check into this to make sure your code gets executed properly.

[GerTrader]

Yes, we know that NinjaTrader uses local time and therefore we used 21:45 for example, when we want the strategy to close all positions 3:45 p.m. EST.

But when we use for example the S&P 500 Future ES, Close is 3:15 p.m. CST (http://www.cme.com/clearing/clr/spec...tml?product=ES) respectively 4:15 p.m. EST. This means when we want to close our positions at 3:45 p.m. EST, we should set ExitOnClose = true; and ExitOnCloseSeconds = 1800; !?

But i'm wondering, why the condition set we used is not working !? Also, it does work while backtesting.