How to close an open order after X hours?

Maji · #1 (**permalink**) 03-17-2006, 07:04 PM

How do I close opened order after "X" hours? I can use expiration=X to close pending orders, but how can I close active positions after X hours that they have been opened. I have multiple simultaneous orders and open positions that open based on stop prices placed at various levels and they are triggered off at various times.

Hope some of the gurus can help me.

Maji

Nicholishen · #2 (**permalink**) 03-17-2006, 11:05 PM

Quote:

Originally Posted by Maji

How do I close opened order after "X" hours? I can use expiration=X to close pending orders, but how can I close active positions after X hours that they have been opened. I have multiple simultaneous orders and open positions that open based on stop prices placed at various levels and they are triggered off at various times.

Hope some of the gurus can help me.

Maji

You could insert this function into your code.

PHP Code:


			
extern int MaxHours=3;

int YOUR_MAGIC_NUMBER_VARIABLE_HERE=298374;



//+------------------------------------------------------------------+

//| expert initialization function                                   |

//+------------------------------------------------------------------+

int init()

  {

//----

   

//----

   return(0);

  }

//+------------------------------------------------------------------+

//| expert deinitialization function                                 |

//+------------------------------------------------------------------+

int deinit()

  {

//----

   

//----

   return(0);

  }

  



void AfterHours(){

   for(int i=0;i<OrdersTotal();i++){

      if(OrderSelect(i,SELECT_BY_POS)){

         if(OrderSymbol()==Symbol() && OrderMagicNumber()== YOUR_MAGIC_NUMBER_VARIABLE_HERE){

            if(CurTime() - OrderOpenTime() > MaxHours * (60 * 60) ){

               if(OrderType()==OP_BUY){

                  OrderClose(OrderTicket(),OrderLots(),Bid,2,Red);

               }

               if(OrderType()==OP_SELL){ 

                  OrderClose(OrderTicket(),OrderLots(),Ask,2,Red);

               }

            }

         }

      }

   }

}

//+------------------------------------------------------------------+

//| expert start function                                            |

//+------------------------------------------------------------------+

int start()

  {

//----

   AfterHours();

//----

   return(0);

  }

Maji · #3 (**permalink**) 03-18-2006, 02:14 AM

Thank you very much

4X1 · #4 (**permalink**) 11-03-2008, 08:30 PM

Hello, everyone!

I have three questions:

1. Can the code posted above be used all by itself as an EA, by simply putting the code into a plain text file and then renaming the text file with the .mq4 extension?

2. If I want to use this code/EA to close trades that have been placed by another different EA, does the Magic Number in this code have to match the Magic Number used in the other EA that placed the trades?

3. If I want this EA to, for example, close all trades after 24 hours after they have been opened, but to ignore Saturday and Sunday, what lines of code would I need to add? In other words, if I set MaxHours to 24 and if a trade was opened on Friday at a certain time, and I want this code/EA to close that trade on Monday at the same certain time, thus ignoring Saturday and Sunday, what lines of code would I need to add to this existing code posted above?

Thank You to anyone who can answer these questions!

Roger09 · #5 (**permalink**) 11-06-2008, 12:52 AM

Quote:

Originally Posted by 4X1

Hello, everyone!

I have three questions:

1. Can the code posted above be used all by itself as an EA, by simply putting the code into a plain text file and then renaming the text file with the .mq4 extension?

2. If I want to use this code/EA to close trades that have been placed by another different EA, does the Magic Number in this code have to match the Magic Number used in the other EA that placed the trades?

3. If I want this EA to, for example, close all trades after 24 hours after they have been opened, but to ignore Saturday and Sunday, what lines of code would I need to add? In other words, if I set MaxHours to 24 and if a trade was opened on Friday at a certain time, and I want this code/EA to close that trade on Monday at the same certain time, thus ignoring Saturday and Sunday, what lines of code would I need to add to this existing code posted above?

Thank You to anyone who can answer these questions!

1. Yes
2. You have to set your own MN.
3. It's possible, but why. Usually traders close all orders on Friday. If they use weekly or monthly charts, they don't count hours.