52 Weeks high Strategy - long only
May 22, 2018, 8:26 AM
Strategies
0 Comments
This strategy uses the “52-week-high entry point” indicator and the “Wilder’s ARC” stop and reverse. It works extremely well with stocks with high CSI or ADXR and using these stocks in portfolio.
When price breaks the last 52 weeks high, a new order is launched. After 10 bars, the Wilder ARC indicator act as a trailing stop. Initial stop loss is set to 15%.
To test and use this strategy, please download the Wilder’s ARC indicator also.
Blue skies!!
DEFPARAM CumulateOrders = false
cutbasso=(highest[254](high[1])-1.5*std[254](close[1]))
// Entering long position
c1 = (close crosses over cutbasso*1.03)
IF c1 THEN
BUY 3000 CASH AT MARKET
count=barindex
ENDIF
// Exiting long position
ARCstop = CALL "Wilder's ARC"[7, 3]
c2=barindex-count>10
c3=close crosses under arcstop
if ((close crosses under cutbasso*.97) and c2) or (c3) then//and close<=close[130] then//barindex-conto>hold then
sell at market
endif
set stop %loss 15
Download
Filename:
PRT-52wks-high.itf
Downloads:
292
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