Close Position at Specific Time?

[Close Position at Specific Time?]

could you please direct me to a complete code for this, or a similar template that i can plug your code into? i haven't worked with code in OEC Trader before at all, and am not sure where to start. do i need to import a script (like in Ninja)? if so i would like to find a similar script so i can edit the code and then create some kind of hotkey for this functionality. thank you

 

the only way you will really avoid slippage is to have a limit order waiting in the market.....however you dont know what the close of the bar is so this is impossible. All you can do is tell the computer to automatically close any open position on the close of the bar,

Here you have two choices......

close at a limit price of that bar - this runs the risk of not getting a trade and exiting the position OR

close at market and this will effectively close the open position at a market price which is likely to be near (give or take slippage) the open of the next bar.

 

To do this will depend on which system you are using.....

hence the cheek y answer i gave you origianlly as you need to provide more information for those trying to help you.

it will likely be a program command something like this.....

 

If openposition>0 then MarketExitonNextBarOpen

[Close Position at Specific Time?]

i would like to exit at the open of the next bar of the current chart, or specify a time, with a market order.

 

i have not coded anything in OEC at all and am not a programmer. but i learn fast. can sone get me started? thanks

 

 

 

 

on a serious note now, the bars/candlesticks idea should do the trick

[Close Position at Specific Time?]

i would like the position to exit automatically at the close of the bar, to avoid any slippage from exiting manually. so far i do not see how it can be done however.

 

 

tell your broker

tell your computer system

use an alarm clock

[Close Position at Specific Time?]

how can i specify a specific time (regardless of price) to close out an open order?

 

thanks in advance