closing position by end of trading day
Pinned FeaturedOriginally from ticket #1110.
I am a futures day trader and I've been trialing your product - very impressed. Using MT3 HILO Trader as the example, would you please assist me with the settings for closing a position prior to end of day's trading.
Hi
Thank you for the compliment - I like the MT3 too for day trading- however i often manually filter trades based on HTF chart levels such as year,month,weekly,daily levels/trend support and resistance. sometimes even with a Bias Filter on such as 50EMA, 200SMA or 533WMA
I also place the MT Levels Fib Grid on the chart wth 6 to 15 days of data so i can see when the market has hit 100% of its predicted range (F100% and -F100% above/below the open f0%) + Timing of course -
We still have much to do and provide in the way of support, focus is currently on re-writing the strategy base engine used by all our strategies to remove the overfill scenario in NinjaTrader - we currently try to control it via general parameter
MT Reversal Over Fill Handling=0
To close a position
MT
You can use the following strategy parameters to start at 8AM and Close at 16PM
Session Times
Session mode = 1
Session Start Hour = 8
Session Start Minute =0
Session End Hour = 16
Session End Minute =0
Session mode = 1 will traded only within times specifed including closing for sessionbreak and sesson end
Session mode = 3 will allow you keep positions all sesson even if you specify a sessionbreak but close on session End times
If you look on your dataseries
Session Template
eg US RTH Hours
General
Exit on Close = true
Then in theory you will close positions before the close defined by your session template.
MicroTrends Support
support@microtrends.co
http://www.microtrends.co/support/
Tip! You can visit the help desk forum to see previous answered frequently asked questions:
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