Blue Monday DAX for ProRealTime

Hi guys,

here is another DAX trading idea. It is very simple and generates only few trades but it seems very profitable if it happens.
Have fun
Reiner

// Blue Monday DAX

// Code-Parameter
DEFPARAM FlatAfter = 095500

// trading window
ONCE BuyTime = 85500
ONCE SellTime = 95500

ONCE CloseDiff = 50

ONCE PositionSize = 25
ONCE sl = 50

// Long all in, if it's Monday and the market is 50 points higher
IF Not LongOnMarket AND Time = BuyTime AND (CurrentDayOfWeek = 1) THEN
Diff = close - DClose(1)
IF Diff > CloseDiff THEN
BUY PositionSize CONTRACT AT MARKET
ENDIF
ENDIF

// exit position
IF LongOnMarket AND Time = SellTime THEN
SELL AT MARKET
ENDIF

// stop
SET STOP pLOSS sl

Download

Filename: Blue-Monday-Dax.itf

Downloads: 413

Comments

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ALZ

7 years ago

Hi Everybody Sure.. this strategy works too with CAC40 for example, Just necessary to adapt time, diff, & days which are specifics for each market.. About this strategy, i'm puzzled because i think there is maybe another possibility to the code concerning the exit position.. i'm currently checking ..

danver34

10 years ago

is the Monday strategy based on some kind of trade gap strategy ?

morgan89

10 years ago

La formule est légèrement différente.

C'est normal ?

StopLoss = 10 // Could be our variable X
PositionSize = abs(round((maxrisk/StopLoss)/PointValue)*pipsize)

morgan89

10 years ago

Merci Reiner,
Ca fonctionne parfaitement.
Je ne comprends pas à quoi correspond StopCoefficient

De même, MAX(10,........

Cela multiplie par 10 la valeur de abs() ?

Reiner

10 years ago

you'll find more details here:

https://www.prorealcode.com/blog/learning/money-management-prorealtime-code/

With the MAX-statement you can determine a minimum position size in that example the size is always 10 as long the money management algo delivers a higher value then 10

morgan89

10 years ago

Bonjour,

Je voudrai savoir comment réinvestir les gains avec cette stratégie svp ?

J'ai essayé ONCE PositionSize = 25 + strategyprofit

Mais ca ne fonctionne pas :)

Merci de votre aide

Reiner

10 years ago

// smart position sizing
Capital = 10000
Risk = 0.1
StopCoefficient = 75
equity = Capital + StrategyProfit
maxrisk = round(equity * Risk)
PositionSize = MAX(10, abs(round((maxrisk / StopCoefficient) / PointValue)))

morgan89

10 years ago

Bonjour Reiner,

Merci pour la stratégie. Les résultats sont vraiment bons.
Pour un compte de 10 000€, la taille de position est de 25. J'imagine que c'est un mini lot donc 25€/pips. Ce n'est pas trop ?

Bonne journée

Reiner

10 years ago

Bonjour morgan89,

You can trade this idea with every size that fit to your account size. This signal isn't very frequent but when it happens the probability to make money with it is very high. I agree 10k is to small for a full contract.

Best, Reiner

mamio

10 years ago

Hi,

I only have one trade:

25 contracts @10505,3 on 5th december 2016.

What I am doing wrong?

Regards!

Reiner

10 years ago

Hi mamio,

Sorry for the late answer.

This strategy provides only few but very profitable trades. To see all trades you have to extend the number of 5M candles to the maximum possible value 100.000 or 200.000 for PRT premium.

Best, Reiner

Kenneth Kvistad

10 years ago

Any new updates or news about this strategy?

Reiner

10 years ago

Hi Kenneth,

Sorry for the late answer.

I have tested this little strategy with 200.000 candles and updated the parameters. I know some crazy guys trading this little beauty and make a lot money last week. Please find the code below:

// Blue Monday DAX

// Code-Parameter
DEFPARAM FlatAfter = 093500

// trading window
ONCE BuyTime = 85500
ONCE SellTime = 93500

ONCE CloseDiff = 50

ONCE PositionSize = 25
ONCE sl = 50

// Long all in, if it's Monday and the market is 50 points higher
IF Not LongOnMarket AND Time = BuyTime AND (CurrentDayOfWeek = 1) THEN
Diff = close - DClose(1) // with Sunday quotes
IF Diff > CloseDiff THEN
BUY PositionSize CONTRACT AT MARKET
ENDIF
ENDIF

// exit position
IF LongOnMarket AND Time = SellTime THEN
SELL AT MARKET
ENDIF

// stop
SET STOP pLOSS sl

best, Reiner

Bandido

10 years ago

It seems very good also with cac40, and quite good with ftse100.

Thank you!

CKW

10 years ago

Hi Reiner,

Thanks for sharing! I have seen this trend quite often on blue Monday as your strategy, and also the next day (Tuesday) on same time very often goes opposite!!!

So, I did some modification based on your code:

Decrease CloseDiff to increase entry %
Shorten the exit time
Add in similar strategy on Tuesday but Sellshort

Results is not bad too

// MonTue DAX 5m

// Code-Parameter
DEFPARAM FlatAfter = 095500

// trading window
ONCE BuyTime = 085500
ONCE SellTime = 093500

ONCE UCloseDiff = 30
ONCE DCloseDiff = 0

ONCE PositionSize = 5
ONCE sl = 50

// Long all in, if it's Monday and the market is 30 points higher
IF Not LongOnMarket AND Time = BuyTime AND (CurrentDayOfWeek = 1) THEN
Diff = close - DClose(1)
IF Diff > UCloseDiff THEN
Buy PositionSize CONTRACT AT MARKET
ENDIF
ENDIF

// Short all in, if it's Tuesday and the market is 30 points lower
IF Not ShortOnMarket AND Time = BuyTime AND (CurrentDayOfWeek = 2) THEN
Diff = close - DClose(1)
IF Diff < DCloseDiff THEN
Sellshort PositionSize CONTRACT AT MARKET
ENDIF
ENDIF

// exit position
IF LongOnMarket AND Time = SellTime THEN
SELL AT MARKET
ENDIF

IF ShortOnMarket AND Time = SellTime THEN
exitshort AT MARKET
ENDIF

// stop
SET STOP pLOSS sl

Reiner

10 years ago

Hi CKW,

Thanks for your feedback. I have observed this behavior as well. The best rules are so simple.

regards

Reiner

Andres

10 years ago

Very, very interesting and simple strategy. Many times it's only neccesary see what happened day by day on the markets instead search and search complicated indicators.

Thanks for share.

Andrés.

Doctrading

10 years ago

Oh, sorry, it works fine !

Few signals, but very performing since 2015.

For end 2013 and 2014, no gain.

It's an interesting concept.

Doctrading

10 years ago

I only have 1 trade for this backtest... where is the bug ?

Anyway, thanks for sharing.