Bar of the Month
Author: by_maxxx
Creation Date: 1/19/2009 3:38 AM
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by_maxxx

#1

1/19/2009 3:38 AM

I'm trying to write a simple system that would buy at each N-th BAR (NOT "date") of each month. For.ex.: buy each 1st bar on the beginning of each month.
But I cannot figure out how to realize it in Wealth Script.
Could anyone help please?
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Eugene

#2

1/19/2009 4:23 AM

Hi there. By the way, which product are you using?

Here's how:
CODE:
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by_maxxx

#3

1/19/2009 6:41 AM

Hi Eugene!

Thanks for answering!
I'm using Wealth Lab Developer and still it's not clear for me what exact part of the above code should I put into CharScript Editor as it doesn't understand any of the above?

p.s: Just noticed,...i suppose i should have posted this question in Wealth-Lab 4 forum branch?
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Eugene

#4

1/19/2009 7:11 AM

QUOTE:
p.s: Just noticed,...i suppose i should have posted this question in Wealth-Lab 4 forum branch?

For sure.

Anyway, the pattern is pretty clear to code in WL4: detect the bar when month has changed, save it into an integer variable (e.g newMonth), then check if the current bar is equal to (that variable + offset).
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Cone

#5

1/19/2009 11:02 AM

Eugene's method is probably more efficient, but this is more straightforward for anyone asking this question -

CODE:
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