MultiCharts: Trading Software for Automated Trading and Backtesting

My broker IB does not allow me to use exitonclose successfully. Sometimes it works and sometimes the market closes before the closing trade is executed.

I therefore want to close just before the end of session. I have the following code which i want to execute a closing trade if there is a position open, 1 minute before 9pm. Should this work or is there another way?

if marketposition <> 0 and currenttime = 2059 then close

Thanks.

My broker IB does not allow me to use exitonclose successfully. Sometimes it works and sometimes the market closes before the closing trade is executed.

I therefore want to close just before the end of session. I have the following code which i want to execute a closing trade if there is a position open, 1 minute before 9pm. Should this work or is there another way?

if marketposition <> 0 and currenttime = 2059 then close

Thanks.

see post #6
viewtopic.php?f=16&t=10811

Hi TJ, thanks again.

whilst the following works on a backtest it doesnt work with live trading. no closing trade is placed when live.

input:
Last.Order.Time(1555);

if Time > Last.Order.Time then
begin
if marketposition = 1 then sell this bar;
if marketposition = -1 then buytocover this bar;
end;

Is there any reason why this would be?

Hi TJ, thanks again.

whilst the following works on a backtest it doesnt work with live trading. no closing trade is placed when live.

input:
Last.Order.Time(1555);

if Time > Last.Order.Time then
begin
if marketposition = 1 then sell this bar;
if marketposition = -1 then buytocover this bar;
end;

Is there any reason why this would be?

This is not what I have coded.

This bar is only for backtesting. You should use next bar.

Is in post 7 of the link TJ gave

This bar is only for backtesting. You should use next bar.

Is in post 7 of the link TJ gave

thanks evdl,

im hoping the following will work:

This bar is only for backtesting. You should use next bar.

Is in post 7 of the link TJ gave

thanks evdl,

im hoping the following will work:

Code: Select all

input:
Last.Order.Time(1555);

if Time > Last.Order.Time then
begin
if marketposition = 1 then Sell next Bar at market ;
if marketposition = -1 then buytocover next bar at market ;
end;

Look at my example again, I do not have the "marketposition = 1".

You do not need marketposition because a SELL/BUYTOCOVER will execute only if you have a position.

thanks all but now my strategy opens another position immediately after closing the last one.

i think it will be easier to get the exitonclose trade accepted by IB. i know i can trade after hours so it should be possible to use this existing script.