Afterhours entry and exit after X amount of points ?

TraderofOX

New member
I'm Long time lurker, first time poster. Tried searching and googling my answer but couldn't seem to. Perhaps I'm thinking about this wrong and you can teach me how to code it properly. I'm trying to back test a strategy but I need help in setting up the entry and exit conditions.

Im attempting to do the adjustments to the halftrend indicator here https://usethinkscript.com/threads/half-trend-halftrend-scalper-indicator-for-thinkorswim.3305/

7zRpFp9.png




So I'm trying to only allow trading on after hours so 4 pm to 9.30 am ,

For the Entry : no entry signal should be executed as entry unless it appears after 4pm till 9.30 am ,

And for the exit : i want the exit to be a profit target of 5 dollars above the entry price and the stoploss at 5 dollars bellow the entry price

And i need to note that the entry signals can be both short and long , and only one position is allowed at a time

So as the picture states , if the signal is short , then the entry have a profit target x point bellow entry , and stop loss X points above , if non of the points where hit by the time a new signal appears , the position is closed on the close of the bar with the new signal and a new position is open


Can i get help on this please!
 
Last edited by a moderator:
Would it also be possible to adjust another code but on this one , instead of closing a position upon the closing of a bar with a signal , wait for the position to hit the target or stop loss first before starting the new position
this would be great help to me
thanks!
 

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