Entering/Exiting before session end

I'd like to enter/exit my positions before session close. Timeframe is daily. Is the following code working correctly or is the condition only checked when the daily bar is finished.
Thanks for your help

is the condition only checked when the daily bar is closed, or is it checked in realtime?

That condition is checked in real-time due to the Intra-bar order generation attribute being set to true.

A few comments:

* You're using `RecalcLastBarAfter()` only when the current time is greater than or equal to the `timeClosePosition`. I'd also use `RecalcLastBarAfter()` before that, so that the script is also calculated once every second before the 21:59:30 time occurs.

* You're not closing a position at the close, but instead opening it with `Buy`. You probably mean BuyToCover or Sell.

* The second order uses `this bar at close`, which only works during backtesting. (If that's what you intended, then it's fine of course).

is the condition only checked when the daily bar is closed, or is it checked in realtime?

That condition is checked in real-time due to the Intra-bar order generation attribute being set to true.

What would happen with IOG enabled with following code:
wouldn't it be also executed as soon as the condition = true without waiting that the daily bar is closed?

A few comments:

* You're using `RecalcLastBarAfter()` only when the current time is greater than or equal to the `timeClosePosition`. I'd also use `RecalcLastBarAfter()` before that, so that the script is also calculated once every second before the 21:59:30 time occurs.

Do I need the RecalcLastBarAfter in the script to get the IOG condition checked in realtime?

* You're not closing a position at the close, but instead opening it with `Buy`. You probably mean BuyToCover or Sell.

* The second order uses `this bar at close`, which only works during backtesting. (If that's what you intended, then it's fine of course).

I'm entering/exiting the trade before session close, so that's correct and yes, the second statement is for backtesting.

thanks for you reply

What would happen with IOG enabled with following code:

Code: Select all

if Close > Averge(Close, 200) then begin
Buy("LE") this bar at close;
end;

wouldn't it be also executed as soon as the condition = true without waiting that the daily bar is closed?

That's correct, that code will be executed as soon as the condition is true without waiting for the bar to close.

By the way, if your strategy settings allow it, this code..
.. can buy additional stocks/contracts each time the condition is true. If you only want to enter a position once, you can use the following code:

Do I need the RecalcLastBarAfter in the script to get the IOG condition checked in realtime?

Yes, that's because IOG does allow intra-bar order generation, but only when the script actually calculates intra-bar. So when there's no new tick coming in, the script will not calculate again with IOG, and so the condition won't be checked.

You can structure the code as follows to always have it calculate at least once per second:

if (Close > Average(Close, 200)) and (MarketPosition = 0) then begin

if useTimeEntryClosePosition and (currenttime_s >= timeClosePosition) then begin

Buy("LE " + NumToStr(timeClosePosition, 0)) next bar at market;

end

else begin

Buy("LE") this bar at close;

end;

end;

RecalcLastBarAfter(1);

wouldn't the else statement immediately executed when the C > MA(C , 200) and IOG enabled?

I think the correct code would be:

RecalcLastBarAfter is a declaration for the indicator -- the whole indicator. When the recal is activated, the whole indicator will be recalculated. It is not exclusive to a specific line of logic.

The statement can be placed anywhere in the code; I would put it at the top of the indicator for easy reference.
Having it buried in a condition might cause unexpected behavior. And when the problem occurs, it will be difficult to trace (debug).

wouldn't the else statement immediately executed when the C > MA(C , 200) and IOG enabled?

No, because it's an if/else statement:
What you're referring to is possible, but then there have to be a semi-colon after the first `end` and `else` needs to be missing. Like this:
By the way, how code is executed is not affected by IOG. IOG only affects when the script calculates. So not matter if IOG is on or off, an if/else statement is always processed in the same way.

I think the correct code would be:

Why do you think that? Wouldn't the `RecalcLastBarAfter()` keyword still not trigger a script recalculation on every bar?

but the logic here is either it's currenttime_s >= timeClosePosition then do a close on time, or else do a close on this bar, which would be filled immediately if IOG enabled. That was my thinking why I changed the code to the above ...