End of session shutdown.

Discussion in 'Automated Trading' started by Craig66, Jan 18, 2010.

  1. Craig66


    How much interval do you leave to close trades before the end of a session? (10min, 15min etc), and is there any strong reason you picked that particular number?
  2. gkishot


  3. You can trade electronically to the last second.
  4. Craig66


    True, but I'm assuming you wouldn't want to leave it that late to get out.
  5. Chabah


    If you want to cut it very close I would recommend you have extended trading hours enabled. I believe this is an extra fee (been a while since I did it) but would be worth it.

    Personally I use a "LastBar" on a 10 or 15 minute minute chart and don't try to be too cute with the close. Depending on your broker certain trades may not fill automatically - specifically shorts. So if you want to get a manual fill you'll want a couple minutes to call. Just closing positions should never require that, of course.

    Good luck,

  6. Craig66


    That is what I was looking for, thank you.