Only open trades at certain time each day

Elitecoder2001

Hi all,

My bot should do the following. Every New York Open it should place a Stop Limit order both to the the buy and sell side. Also the orders should expire the same day, ensuring the bot places a trade every day. However when I backtest, the bot doesn't place a trade everyday. Any idea why?

source code:

        protected override void OnTick()
        {
            var Hour = Server.Time.TimeOfDay.TotalHours;

            //Enter Trade

            if (Hour == EntryTime)
            {
                PlaceStopLimitOrder(TradeType.Buy, SymbolName, VolumeInUnits, Symbol.Ask + (Entry * Symbol.PipSize), 0.0, "NY Open", SL, TP, Server.Time.AddHours(12));
                PlaceStopLimitOrder(TradeType.Sell, SymbolName, VolumeInUnits, Symbol.Bid - (Entry * Symbol.PipSize), 0.0, "NY Open", SL, TP, Server.Time.AddHours(12));
            }

            //Close Trades

        }

Mike

It looks like you just want to open 2 stop-limit orders at a set hour each day, but your logic is incorrect in a few places.

The OnTick method is called on every price change which can be 100's of times per minute if the server hour is 8 pm and this is when you want to open 2 trades, instead it will open 2 trades on every incoming tick of data for the whole hour.

The reason it did not open any trades for you each day is that you are using the wrong method from the server.time, use the following.

var Hour = Server.Time;

if (Hour.Hour == 20)
{
    Print(Server.Time);
}

Also, when you trade for real you do not want to use the Server time, but instead your PC time.