Close Open Position at 09:00 AM

[bob77713]

Hi,

I'm trying to create a strategy to close any open positions at a certain time of day, but I can't get it to work. I'm using the strategy builder and I have the following conditions:

// Condition set 1
if (ToTime(Time[0]) == ToTime(9, 0, 0)
&& Position.MarketPosition == MarketPosition.Long)
{
ExitLong("", "");
}
// Condition set 2
if (ToTime(Time[0]) == ToTime(9, 0, 0)
&& Position.MarketPosition == MarketPosition.Short)
{
ExitShort("", "");
}

What am I doing wrong?

Thanks.

[coolmoss]

Bob,

I'm not sure but I think it's simply a matter of changing your ToTime(9, 0, 0) to the integer form of 9:00 am which I believe is 090000.

[sledge]

*without seeing your enterlong code, & assuming you are using "" ....

then enter here:


If you are using OnBarUpdate, 9:00:00 am might never have a trade....and your code might never execute.

You probably would be better with some sort of epsilon or something

try checking for 9:00:00 to 9:05:00... ??

or add a timer to fire at 9:00 am or something...

Hi,

I'm trying to create a strategy to close any open positions at a certain time of day, but I can't get it to work. I'm using the strategy builder and I have the following conditions:

// Condition set 1
if (ToTime(Time[0]) == ToTime(9, 0, 0)
&& Position.MarketPosition == MarketPosition.Long)
{
ExitLong("", "");
}
// Condition set 2
if (ToTime(Time[0]) == ToTime(9, 0, 0)
&& Position.MarketPosition == MarketPosition.Short)
{
ExitShort("", "");
}

What am I doing wrong?

Thanks.

[bob77713]

Coolmoss,

I'm using the strategy builder and you can only enter a time, which 09:00 AM equates to (9, 0, 0).

Sledge,

You got me thinking about the time, so I tried some different options with time and >= variables and the strategy still won't close the trades.

Thanks for your help guys. I'll keep on searching, this shouldn't be this hard.

[bob77713]

Does anyone from Ninjatrader support know how to close all open positions at a certain time of day?

Thank you.

[NinjaTrader_PatrickH]

Hello bob77713,

Thank you for your post.

You have the right concept here using ExitLong() and ExitShort() along with the idea of the >= operator.

However, the bar would need to update on or after the time set. What bar type and interval are you using? (Example: 1 Minute)

I look forward to your response.

[bob77713]

Hi Patrick,

I'm using UniRenko bars which I downloaded from NinjaTrader's forum.

Thanks

[NinjaTrader_PatrickH]

Hello bob77713,

Thank you for your response.

So I may investigate this matter further please advise what the Open Offset, Tick Trend, and Tick Reversal are set to for the UniRenko bars you are using.

[bob77713]

Hi Patrick,

40, 40, 120.

I appreciate your extra help.

Thank you.

[NinjaTrader_PatrickH]

Hello bob77713,

Thank you for your response.

The Session Template you use, does it exceed 9 AM your time?

What instrument are you testing this item on?

[bob77713]

Hi Patrick,

The session template is Forex, so yes it exceeds 09:00 AM. One of the instruments is $EURUSD.

Thank you.

[NinjaTrader_PatrickH]

Hello bob77713,

Thank you for your response.

From the details you have provided I would not think there should be any items that would prevent your code form running especially if using >=.

Can you provide your full code? If you prefer, you can send this to support[at]ninjatrader[dot]com with 'ATTN: Patrick - 869698' in the subject line and a reference to this thread in the body of the e-mail: http://www.ninjatrader.com/support/f...ad.php?t=58682

[bob77713]

Hi Patrick,

I removed the time coding because it was not working. I just added it back in to show you my coding and it's working fine now. Sorry about that.

I believe what happened is that I didn't change the == variable to >= like I thought I had. It's clear to me now, that you cannot use == for Renko bars, since the bar usually won't close at exactly at 09:00.

Thanks for all your help. Maybe someone will see the mistake which I made and will learn from it.

Thank you.