Close a position to a specific time

[cicondo]

Hi support team,

I want to close a possible open posititon at a time I input into the strategy.
Let's assume that I wan't close any position 20sec before 6 pm. My strategy works with "CalculateOnBarClose = true" and the interval is 8min.

Normally there is no chance to trigger the close with that constellation, right?

My possible solutions are looking as follow:
1. Using a internal Timer and the raising timer event will be checked to close the position.

2. Implementing the code in the callback "OnMarketData"

3. Or Developing a separate timer indicator which has the flag CalculateOnBarClose set to false; And in the ObBarUpdate I check the time and fired a event to the registered strategy. (this way I have implemented) Maybe there are some sideeffects with threadsafe data handling?

Many Thanks....
cicondo

[NinjaTrader_Bertrand]

cicondo, in realtime this should work as ExitOnClose would reference your PC clock time for this. In backtesting you can submit orders to a finer datastream for execution and thus work off the finer timestamps then - http://www.ninjatrader-support2.com/...ead.php?t=6652

[cicondo]

Hi Bertrand,

thanks to your quick answer. But what I missed to explain is that I don't want to set the session start or end values. This is because the strategy starts and ends trading in several timed blocks during the day. So it is possible to trade between 9:30am to 11:am then from 1 pm until 5:30pm
and so on...

Hope this makes something clear...
By the way are there any sideeffects using events to cooperate with a strategy?

Thanks Bertrand

Originally Posted by NinjaTrader_Bertrand

cicondo, in realtime this should work as ExitOnClose would reference your PC clock time for this. In backtesting you can submit orders to a finer datastream for execution and thus work off the finer timestamps then - http://www.ninjatrader-support2.com/...ead.php?t=6652

[NinjaTrader_Bertrand]

cicondo, I'm not aware of side effect when using custom events in a strategy. You might want to consult this reference sample - http://www.ninjatrader-support2.com/...ead.php?t=5965

You of course don't have to use the session linked ExitOnClose feature, you can also achieve a time exit of positions using the Time / DateTime comparisons - http://www.ninjatrader-support.com/H...deV6/Time.html

[cicondo]

Bertrand!

PERFECT!
This is excactly what need to be sure that events will work. This will clean up my code really. Thank's for your support!

cicondo