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Gary,
This might at least give you a start. I use the following function to
close the trades towards the end of a day (add it as an "OR" condition
to what ever other rules close the trade for you):
OR
Hour()*100+Minute()=1545
(just make sure your intraday bars have that interval)
Obviously then you could use:
AND
Hour()*100+Minute()>=930
when looking at opening the position back up again the next morning.
Since I don't know what parameters you are using to go long or short, I
can't help you with the rest but if you combine this with your minimal
requirements to be back in the trade, that should work.
Good Trading,
Joe J.
-----Original Message-----
From: Gary
Sent: Sun 10/27/2002 3:27 PM
To: Metastockusers@xxxxxxxxxxxxxxx
Cc:
Subject: [Metastockusers] Closing positions overnight
In writing a system for testing, has anyone written rules which will
close an open position at the end of the day (perhaps 15 minutes
before market close), and then re-open again the next morning? I'm
aiming to model my current day-trading strategy where I'm not
experienced enough to leave positions open overnight to avoid big
gains/losses from gap open. So, I'd like to remove the effects over
gap open changes from my test results.
I imagine that the time-based close is easy. But, I have not figured
out yet how to re-open a position on the open of the next day, OR
probably better - how to re-evaluate the position based on the
initial trading the next day to see whether yesterday's position
should still be open. Any thoughts?
Thanks.
Gary
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