Limiting trade duration according to working day

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Dear all,

I am trying to limit the duration of my trade in my ea. In this example to 1 day.

   int openTime = PositionGetInteger(POSITION_TIME);
   int  inpCheckMaxTradeDuration = 1;
   int time = TimeCurrent();
   if(openTime > 0 && ((openTime + (inpCheckMaxTradeDuration * 86400)) < TimeCurrent()))
     {
      // close
     }

This works fine within one working week. But after the weekend, as You can see, it will close trades immediately on monday morning.

Do You know a possibility in mql5 to find out the time, that the trade was active in an open market, so the algo is correct on Christmas etc.

Thanks and best

Documentation on MQL5: Constants, Enumerations and Structures / Trade Constants / Position Properties
Documentation on MQL5: Constants, Enumerations and Structures / Trade Constants / Position Properties
  • www.mql5.com
Position Properties - Trade Constants - Constants, Enumerations and Structures - MQL5 Reference - Reference on algorithmic/automated trading language for MetaTrader 5
 

For your desired close time calculate how many bars must elapse - divide the desired duration (in seconds) by PeriodSeconds() to get this number. That should span weekends

 
R4tna C #: how many bars must elapse - divide the desired duration (in seconds) by PeriodSeconds() to get this number. That should span weekends

It does not span weekends. That assumes that all bars exist — they don't. What if there are no ticks during a specific candle period? There can be minutes between ticks during the Asian session, think M1 chart. Larger charts, think weekend, market holiday (country and broker specific), requires knowledge of when your broker stops and starts (not necessary the same as the market.)
          "Free-of-Holes" Charts - MQL4 Articles (2006)
          No candle if open = close ? - MQL4 programming forum (2010)

Use iBarShift.


Szymon Jan Szarowski: I am trying to limit the duration of my trade in my ea. In this example to 1 day.

You likely do not want one (1) day. You want one trading day. Use iBarShift

 
William Roeder #:

It does not span weekends. That assumes that all bars exist — they don't. What if there are no ticks during a specific candle period? There can be minutes between ticks during the Asian session, think M1 chart. Larger charts, think weekend, market holiday (country and broker specific), requires knowledge of when your broker stops and starts (not necessary the same as the market.)
          "Free-of-Holes" Charts - MQL4 Articles (2006)
          No candle if open = close ? - MQL4 programming forum (2010)

Use iBarShift.


You likely do not want one (1) day. You want one trading day. Use iBarShift

Ah yes that's a better way, I had assumed the bars exist and ticks would be occuring - iBarshift sounds like the best solution

 
R4tna C #:

Ah yes that's a better way, I had assumed the bars exist and ticks would be occuring - iBarshift sounds like the best solution

William Roeder #:

It does not span weekends. That assumes that all bars exist — they don't. What if there are no ticks during a specific candle period? There can be minutes between ticks during the Asian session, think M1 chart. Larger charts, think weekend, market holiday (country and broker specific), requires knowledge of when your broker stops and starts (not necessary the same as the market.)
          "Free-of-Holes" Charts - MQL4 Articles (2006)
          No candle if open = close ? - MQL4 programming forum (2010)

Use iBarShift.


You likely do not want one (1) day. You want one trading day. Use iBarShift

The documentation of the IBarShif states the folliwing:

iBarShift

Search bar by time. The function returns the index of the bar corresponding to the specified time.

In this case I shall specify the time as an input parameter. But this is my original question. How do I determine the time +1d in the active market phase, skipping off days and weekends.

What I mean by that: buying friday 12:00, time elapsed monday 12:00. Here the time span would be 1 day in the active market. Stupid workaround for fridays:

      int openTime = PositionGetInteger(POSITION_TIME);

      // check if open position is open too long => if yes close it
      int time = TimeCurrent();

      // if the opening was on friday, close only on monday
      MqlDateTime openDate;
      int weekendFactor = 0;
      TimeToStruct(openTime, openDate);
      // opening was on friday, allow +2 days before closing
      if(openDate.day_of_week == 5)
        {
         weekendFactor = 172800; // 2 days
        }

      ZeroMemory(openDate);

      if(openTime > 0 && inpCheckMaxTradeDuration > 0 && ((openTime + (inpCheckMaxTradeDuration * 86400) + weekendFactor) < TimeCurrent()))

// close open position
 

I can't really say about iBarShift without doing some testing, but maybe there is an easier way.

If you simply check if 24hrs has passed, even if the order is placed on a Fri this will be true on Mon, so do you really need to code for weekend/holiday gaps?

If not, then it is simply a matter of then checking hh:mm:ss to see if your desired time window has expired - I attach a quick and dirty (untested) example to illustrate 

   datetime       openTime = (datetime)PositionGetInteger(POSITION_TIME);

   if((openTime + 86400) < TimeCurrent()) //check if 24 hrs has passed - true even after hols/weekends
     {
      MqlDateTime    openTimeStruc;
      MqlDateTime    currTimeStruc;

      TimeToStruct(openTime, openTimeStruc);
      TimeToStruct(TimeCurrent(), currTimeStruc);

      if((currTimeStruc.hour >= openTimeStruc.hour) && (currTimeStruc.min >= openTimeStruc.min) && (currTimeStruc.sec >= openTimeStruc.sec))
        {
         //execute closure code
        }
     }
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