Set trading time start / end (not on the hour)

EddieII · **Joined:** Mon Jan 27, 2014 12:53 am **Posts:** 12

Hi,

I am able to set the trading time to start at '1', which is 10am for the ASX, however, I would like to avoid the first 15min of trading and start t at 10:15am.

It looks like you can only set whole numbers in Molanis.

I can see where the TradingTimeStart can be edited in the code but am unsure of the format, I'm guessing 1:15???

Anyone know?

thanks a bunch!
Eddie

molanisfx · **Joined:** Tue Dec 22, 2009 12:22 am **Posts:** 1761

In the start icon you can set the time filters using hours, if you need minutes you can try the TIME icon. You use and AND to join it to your condition.
If you like coding, make an example using the time icon and you will see the format for time and hours

EddieII · **Joined:** Mon Jan 27, 2014 12:53 am **Posts:** 12

Champion - thanks very much!

EddieII · **Joined:** Mon Jan 27, 2014 12:53 am **Posts:** 12

Hi there,

I've tried building this with the Time blocak, adding it as an 'and' condition to the open conditions.

I've tried turning on and off the the 'use trading time' conditions in MT4 but still not able to get it to open at 1:15 and close at 6:59

The molanis file is attached if that helps - any ideas?

Thanks a bunch
Eddie

molanisfx · **Joined:** Tue Dec 22, 2009 12:22 am **Posts:** 1761

You trade bars so the trading will take place every bar. If you use this ea on a 1 hour chart, it will not trade at 1:15 because the condition is evaluated every hour. You need to put it in a lower timeframe
Also, the open and close conditions overlap so it will close and open again. You need to build a more complex condition for the open

EddieII · **Joined:** Mon Jan 27, 2014 12:53 am **Posts:** 12

Ah, ok, that explains it - thanks very much!

EddieII · **Joined:** Mon Jan 27, 2014 12:53 am **Posts:** 12

Hi there,

I've been playing around with this one and running it on the 5 min chart so have been able to get the open at 1:15 & close at 7 (well 7:05 at least).. thanks.

What I'm trying to do is open at 1:15 & close at 7 with a fixed point stop loss.

Aside from the stop loss, the open and close times are the only entry / exit conditions.

With the time based entry & exit conditions, does anyone know if there a way to build this so that once the stop is triggered, it doesn't open another trade. (I want the entry condition to be a 1:15 open only).

Thanks a bunch!

admin · **Joined:** Fri Oct 16, 2009 3:40 pm **Posts:** 451

The user guide explains a feature called next trade management, the idea behind is that after a position is closed only a position in the opposite direction can be open. It works for tp and sl. Not sure if this meet your needs

EddieII · **Joined:** Mon Jan 27, 2014 12:53 am **Posts:** 12

Thanks, I'll look into this.

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Set trading time start / end (not on the hour)