Specify a BUY or SELL x number of minutes into a candle

[mass]

Hello, is it possible to specify a BUY or SELL x number of minutes into a candle? For example if candles are set to 5 minutes and the price at 3.5 minutes into current candle is $0.50 > close[1] of last candle, then place order. I tried to use AggregationPeriod.THREE_MIN; but I must be doing something wrong. Thanks.

 

[Joshua]

For what purpose; Conditional order, Strategy? Do you specifically need 3.5 minutes as a requirement, or are you just using that as an example, perhaps to avoid how strategy entries default to the opening price of the next bar?

 

[mass]

For what purpose; Conditional order, Strategy? Do you specifically need 3.5 minutes as a requirement, or are you just using that as an example, perhaps to avoid how strategy entries default to the opening price of the next bar?

Thank you @Joshua for your reply. Yes, the ultimate purpose is for live conditional orders but would be nice to use for back testing via Strategy as well. 3.5 minutes was just an example. Yes, trying to avoid how strategy entries default to the opening price of the next bar. Trying to see if it can be set to execute a conditional order x number of minutes into a 5 minute candle. Appreciate any help. Thank you!

 

[Joshua]

With strategies, the open of the next candle is just a default placeholder. You can put whatever price you want based on how the strategy works. I think this is a little bit off topic though, we're talking about too many things at once.

I am still not really sure if you're trying to deliberately delay action for x number of minutes on purpose, or if you're attempting to avoid a perceived delay.

Deliberately, no time frame can see lower than itself, but you could work from a one minute chart, and extrapolate the five minute signals from every 5th bar. This way you could tell how many minutes have elapsed within a five minute period. That's the simple explanation anyway. I am probably making it sound much easier than it actually is.

If you're concerned that conditional orders will only trigger on the open of the next bar, like you might have assumed that strategies do, then you don't have to worry about that. They'll trigger immediately once the condition is true, aside from any latency of course. There's no delay until the next bar, or anything like that, unless it is specifically directed to do so.