Breakout Failures DAX 5m

Breakout Failures DAX 5m

This is a simple strategy, just an idea that seems to work. No MoneyManagement or Position Size. Optimized for DAX 5 minutes.

It looks for breakouts in Donchian Channel for going in the opposite direction, trying to catch breaout failures so kind of mean reversion system. There is no Stop, when the losses reach 10xATR it changes (“flip”) direction to catch the trend that seems to be forming. Also finish tradings at 20:30, kind of time stop with no overnight.

Donchian channel indicator (should be set as a new indicator)

 

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. TempusFugit • 10/30/2017 #

    Thanks Nicolas for adding the indicator, I somehow thougt it was one of the default indicators 🙂

    • Nicolas • 10/30/2017 #

      The one you used is not, that’s why I added it. What is the timezone for your DAX instrument please? While testing it, I did not get exactly the same results even if it was not bad at all.

  2. TempusFugit • 10/30/2017 #

    My timezone is UTC+00:00… and I think that´s the backtest timezone

  3. masala • 10/30/2017 #

    Thanks for the idea. Personally I don’t like to enter trades without a hard stop and also I don’t like to trade the DAX outside the official kassa times – because the spread is then wider than 1p.

    So my modified code looks like this:

    // System parameters
    DEFPARAM CumulateOrders = False
    DEFPARAM PRELOADBARS = 20
    DEFPARAM FLATBEFORE = 090000
    DEFPARAM FLATAFTER = 180000
    STOPPER = 100
    // Condiciones de entrada
    myUpperband, myLowerband, ignored = CALL “Donchian (canal)”[8]
    c1 = close myUpperband

    // Conditions for Entry of Long Positions
    IF c1 AND NOT ONMARKET THEN
    BUY 1 CONTRACTS AT MARKET
    SET STOP $LOSS STOPPER
    ELSIF SHORTONMARKET AND (CLOSE-TRADEPRICE) > FlipPosition THEN
    BUY 1 CONTRACTS AT MARKET
    SET STOP $LOSS STOPPER
    ENDIF

    // Conditions for Entry of Short Positions
    IF c2 AND NOT ONMARKET THEN
    SELLSHORT 1 CONTRACTS AT MARKET
    SET STOP $LOSS STOPPER
    ELSIF LONGONMARKET AND (CLOSE-TRADEPRICE) < -FlipPosition THEN
    SELLSHORT 1 CONTRACTS AT MARKET
    SET STOP $LOSS STOPPER
    ENDIF

    // Loss, Profit
    //SET STOP LOSS 15*AverageTrueRange[10](close)
    //SET TARGET PROFIT 15*AverageTrueRange[12](close)
    FlipPosition = 10*AverageTrueRange[14](close)

    // END

    If you see room for improvements, feel free to post here. Ah, I switched to 1min timeframe 🙂

  4. TempusFugit • 10/30/2017 #

    Masala, thanks for your contribution. I don´t like the offmarket spreads neither 😉 I understand your waryness of non hard stops but in this case seems to hurt the profit quite a bit.
    Be aware that in your code the c1 lack of “>” symbol and the c2 is missing completely (“c2=close<myLowerband")

  5. Uveus • 10/30/2017 #

    Tempus, me da un error al validar el codigo, sobre la variable N.
    Al crear el indicador me pide darle valor, y luego en el codigo me dice que debe ir sin valor.

    gracias

    • TempusFugit • 10/30/2017 #

      Hi Uveus,

      I am guessing you inserted the code of the indicator into the system code, is that right? If so, don´t need to, just import both the indicator and the system and run the system, it takes itself the code from the indicator.

      If this is not your problem I dont understand your question.

      ———————————————————
      Te contesto en inglés porque tenemos que escribir en el mismo idioma que el foro para que todo el mundo lo entienda, si no nos dan un toque. Si no entiendes la respuesta en inglés escríbeme un correo, creo que puedes desde mi perfil y ya te contesto en español.

avatar
Register or

Likes

avatar avatar avatar
Related users ' posts
Maxime Baudin Very helpful! Thank you Nicolas
sir_i Bonjour à tous, Je suis nouveau sur le forum et sur la plateforme, pourriez-vous me dire com...
Nicolas Il faut simplement l'appliquer sur le prix.
sir_i Merci pour la réponse, je ne suis pas familier avec l'application de cette procédure simple,...
JvdG Hi, nice piece of work, using atan. My question: MMA is constituted by the 10 most recent b...
Balmora74 Hi Jerke and thanks for your return. I choose the values because they gave me the best equit...
Dymjohn Great work I've changed the trade quantity to reflect whether price is above or below the 20...
Choliver Bonjour et merci pour cet indicateur. Toutefois, il me semble qu'il est unidirectionnel. P...
discomusic Hi GraHal! Thanks for the suggestion: I have just created this thread: https://www.prorealco...
Davide Bramerini it is really good ?
Davide Bramerini is really good for the cac 40
Vonasi There is another version of this indicator that can plot the same lines but onto an indicato...
Martin35 Hello Vonasi, do you think it is possible with PRT to code with the same principle as on thi...
Francesco78 derschnee spiace a me che non riesci a replicarla. Prima di esprimere giudizi pensaci 2 volte.
avatar
unkown ;-) sfido chiunque a riuscirci!
avatar
unkown infatti basta leggere i post degli altri....
hartgeld Hallo Atxeel, sehr interessanter Code, habe das installiert und funktioniert. Danke! Kannst ...
atxeel Hallo hartgeld, die Ziele sind schlicht, bspw. die Range beträgt 10 Punkte, dann ist das Zie...
carlvan Thank you for posting this, useful
Manuel9z MUCHAS Gracias por este indicador. Lo estoy integrando en un sistema Probuilder SP500 1h. El...
Juanjo Me alegro que haya sido de utilidad.
PastaPesto Paul, Im sorry but where do I open a topic?
Paul in ProOrder support, at the bottom
Maik2404 wie kann ich den Code bekommen Paul?
Paul updates are posted in topic below https://www.prorealcode.com/topic/dayopen-straddle-for-da...
eugenio buongiorno paolo , volevo farti i complimenti x il lavoro fatto , funziona molto bene sul 3 ...
Modes68 muy buena estrategia, gracias por compartirla thank yoy for your estrategy, I like me
TraderFelix
8 months ago
Bebbo Thank you for your contribution. I have tested your system on some instruments and I like i...
Canale di Fill By Filippo si si... farò un video a breve
AngelPujalt ok. Gracias.
Stenozar Hi Filippo, any news about your video to explain how to use this indicator? thanks
Nicolas Thank you Xusto. Thank you a lot for your contribution :) Since your code is a Pathfinder'...
Xusto Hello, Fully Agree, I will update it with your advice. Btw Can would you like share you co...
Niklas johansson hägglund do you now if it's possible to use this strategy with this code in tradingview also?
Stenozar Hi I can't visualize the indicator on the chart? can anybody help me, please?
Nicolas Add it on price using the wrench on the left upper side of the price chart.
Stenozar thanks Nicolas, I' ll try again!
Steven Hi im looking for some help to put a automated code together BUY ORDER If EMA 10/25 is...
Juanjo Hola?. Exactamente cuál es su utilización?.
bolsatrilera Hola Juanjo, su principio esparecido a las bandas de Bollinguer.Las lineas de las bandas son...

Top