How to close position on time intervals?

[xNICK]

How would I close positions on the next 5 minute interval, So I a position opened at 4:45 it will close at 4:50, if opened at 4:54 it will close at 4:55. Is this possible on Ninjatrader 8? If so can someone please show me the code. Thanks for your time and help!

[NinjaTrader_PaulH]

Hello xNICK,

Thanks for your post.

Can you clarify what bars you are using? (IE: 1 minute bars, 5 minute bars, etc.)

[xNICK]

Yes, I'm using 1 minute bars. Do you know if it is possible? Thanks for your help!

[NinjaTrader_PaulH]

Hello xNICK,

Thanks for your reply.

A simple way to do this would be an if statement to see that you are in a position (long in this example) and then testing to see if bars close time minute equals a 5 minute interval.

if (Position.MarketPosition == MarketPosition.Long && (Time[0].Minute == 0 || Time[0].Minute == 5 || Time[0].Minute == 10 .... || Time[0].Minute == 55)
{
// exit order here
}

Alternately, you can use the "%" operator which in C# computes the remainder after dividing its first operand by its second operand and code something like:

if (Position.MarketPosition == MarketPosition.Long && (Time[0].Minute % 5 == 0))
{
//exit order here
}

[xNICK]

Hey Paul H,
That is exactly what I've been looking for! Thanks so much for your time and help!