{"id":53,"date":"2006-10-26T05:19:08","date_gmt":"2006-10-26T10:19:08","guid":{"rendered":"http:\/\/www.amibroker.com\/kb\/2006\/10\/26\/how-to-close-open-positions-at-the-end-of-the-day-for-daytraders\/"},"modified":"2014-12-04T08:23:10","modified_gmt":"2014-12-04T13:23:10","slug":"how-to-close-open-positions-at-the-end-of-the-day-for-daytraders","status":"publish","type":"post","link":"https:\/\/www.amibroker.com\/wordpress\/kb\/2006\/10\/26\/how-to-close-open-positions-at-the-end-of-the-day-for-daytraders\/","title":{"rendered":"How to close open positions at the end of the day (for daytraders)"},"content":{"rendered":"<p>If we are backtesting the <strong>intraday<\/strong> strategy and we do not want to keep open positions overnight &#8211; then it&#8217;s necessary to force closing all the open positions before the session end. In order to code it in AFL &#8211; the easiest is to use TimeNum() function for that purpose. <!--more--><\/p><p>The below example shows how to close all open positions after 15:50, just before the end of the trading session (when testing on intraday quotes).<\/p><code style=\"color: #0000BB\">Buy&nbsp;<\/span><span style=\"color: #000000\">=&nbsp;...<\/span><span style=\"color: #0000BB\">your&nbsp;regular&nbsp;conditions<\/span><span style=\"color: #000000\">....<br \/><\/span><span style=\"color: #0000BB\">Sell&nbsp;<\/span><span style=\"color: #000000\">=&nbsp;....<\/span><span style=\"color: #0000BB\">your&nbsp;regular&nbsp;conditions<\/span><span style=\"color: #000000\">....&nbsp;OR&nbsp;<\/span><span style=\"color: #0000BB\">TimeNum<\/span><span style=\"color: #000000\">()&nbsp;&gt;&nbsp;<\/span><span style=\"color: #0000BB\">155000<\/span><span style=\"color: #000000\"><\/code>For example &#8211; in case of MACD crossover &#8211; the code will look like:<\/p><code style=\"color: #0000BB\">Buy&nbsp;<\/span><span style=\"color: #000000\">=&nbsp;<\/span><span style=\"color: #0000BB\">Cross<\/span><span style=\"color: #000000\">(&nbsp;<\/span><span style=\"color: #0000BB\">MACD<\/span><span style=\"color: #000000\">(),&nbsp;<\/span><span style=\"color: #0000BB\">Signal<\/span><span style=\"color: #000000\">()&nbsp;);<br \/><\/span><span style=\"color: #0000BB\">Sell&nbsp;<\/span><span style=\"color: #000000\">=&nbsp;<\/span><span style=\"color: #0000BB\">Cross<\/span><span style=\"color: #000000\">(&nbsp;<\/span><span style=\"color: #0000BB\">Signal<\/span><span style=\"color: #000000\">(),&nbsp;<\/span><span style=\"color: #0000BB\">MACD<\/span><span style=\"color: #000000\">()&nbsp;)&nbsp;OR&nbsp;<\/span><span style=\"color: #0000BB\">TimeNum<\/span><span style=\"color: #000000\">()&nbsp;&gt;&nbsp;<\/span><span style=\"color: #0000BB\">155000<\/span><span style=\"color: #000000\"><\/code>","protected":false},"excerpt":{"rendered":"<p>If we are backtesting the intraday strategy and we do not want to keep open positions overnight &#8211; then it&#8217;s necessary to force closing all the open positions before the session end. In order to code it in AFL &#8211; the easiest is to use TimeNum() function for that purpose.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[53,14,15],"_links":{"self":[{"href":"https:\/\/www.amibroker.com\/wordpress\/kb\/wp-json\/wp\/v2\/posts\/53"}],"collection":[{"href":"https:\/\/www.amibroker.com\/wordpress\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amibroker.com\/wordpress\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amibroker.com\/wordpress\/kb\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amibroker.com\/wordpress\/kb\/wp-json\/wp\/v2\/comments?post=53"}],"version-history":[{"count":1,"href":"https:\/\/www.amibroker.com\/wordpress\/kb\/wp-json\/wp\/v2\/posts\/53\/revisions"}],"predecessor-version":[{"id":803,"href":"https:\/\/www.amibroker.com\/wordpress\/kb\/wp-json\/wp\/v2\/posts\/53\/revisions\/803"}],"wp:attachment":[{"href":"https:\/\/www.amibroker.com\/wordpress\/kb\/wp-json\/wp\/v2\/media?parent=53"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amibroker.com\/wordpress\/kb\/wp-json\/wp\/v2\/categories?post=53"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amibroker.com\/wordpress\/kb\/wp-json\/wp\/v2\/tags?post=53"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}