Turn of Month Seasonality

Optuma Scripting
1

Hi ,

I want to do a trade testing using turn of month( i.e buying on 26th and selling on 5th), can someone please help me how to go about it

Regards

2

Hi,

You can use the DayNum() function if you wish to specify a Buy / Sell signal based on a date only.

https://help.optuma.com/kb/faq.php?id=1200

For the 26th for example you would use:

DAYNUM() == 26

And for the 5th…

DAYNUM() == 5

Keep in mind, that on a Trading Day chart where weekends and holidays are skipped, there is not always a 26th or 5th that occurs.

3

I figured out a trick when I was doing similar research in the tester…

Lets say you want the 26th as your entry date however it might fall on a weekend like Matthew said, which will then skip to the next month.

Instead of it entirely skipping, maybe the following day was a Monday and it can enter then. Here is how to “Buy the next available date”

//set entry
//Buy on the 26th (but if 26th is not a trading day, buy next available date within 5 bars
a1 = DAYNUM() >26 and DAYNUM() <31;
a2 = NOREPEAT(a1, BARS=5);
a2

Jeff