Trade last day of the week

[techtrader2]

Could somebody please help me in my afl. I want to run conditions on the last day of the week (friday..or a day earlier if friday is a holiday or 2 days ealier if both Thursday and Friday are holidays) and then take the trade on Monday opening price.

My AFL includes a Position Scoring logic but please note I do not want to use rotational trading.

I am currently using this but it is not working
Tradeday = DayofWeek() == 5;

What code do I enter so that on no trade days there are no entries or exits?

[Henri]

For me that works. It would generate trades on friday using that code....

So something must be going wrong somewhere else.

[peter1]

do you mean something like tihs?

TradingDay = 				IIf(DayOfWeek()==5,1,					
				IIf(DayOfWeek()==4 AND Ref(DayOfWeek(),1)!=5,1,				
				IIf(DayOfWeek()==3 AND Ref(DayOfWeek(),2)!=5 AND Ref(DayOfWeek(),1)!=4,1,				
				0)))  ;	

Note: This formula is forward looking, so be careful.

[mradtke]

For backtesting I do it like this, but you would need a different solution for generating current signals (when you have no future data in your database):

isEndOfWeek = Nz(TimeFrameExpand(1, inWeekly, expandPoint));

You can easily change to monthly, quarterly, etc. just by changing inWeekly to another constant. Many people also do it like this:

dow = DayOfWeek();
isEndOfWeek = dow > Ref(dow,1);

Pretty sure you can find other solutions here in the forum if you just spend a little time searching.