Long only strategy for the BUND (1 eur per contract) on a 4 hours timeframe. Backtest with 2 points spread from mid-2010 to now.

Signals are taken from a super smoothed filter (indicator “PRICE ACTION BUND”). Profit are trailed with a soft coded trailing stop in the strategy.

//--------------------------------------------------------------------------------

// STRATEGY BYE BYE BYE BUND
// IG MARKET - FGBL BUND 1 EUR - 4 H - SPREAD 2
DEFPARAM CumulateOrders = false
PositionSize = 1

indicator1, ignored = CALL "PRICE ACTION BUND"
c1 = (indicator1 >= 1)

indicator1, ignored = CALL "PRICE ACTION BUND"
c2 = (indicator1 <=- 1)

indicator1, ignored = CALL "PRICE ACTION BUND"
c3 = (indicator1 crosses over 0)

IF c1 or c2 or c3 AND CurrentDayOfWeek <> 1 THEN
 BUY POSITIONSIZE CONTRACT AT MARKET
ENDIF

// TRAILING STOP LOGIK BY KENNETH KVISTAD MODIFIED FOR LONG AND SHORT POSITION
TGL =66

if not onmarket then
 MAXPRICE = 0
 EXITPRICE = 0
ENDIF

if longonmarket then
 MAXPRICE = MAX(MAXPRICE,close)
  if MAXPRICE-tradeprice(1)>=TGL*pointsize then
   EXITPRICE = MAXPRICE-TGL*pointsize
  ENDIF
ENDIF

if onmarket and EXITPRICE>0 then
 SELL AT EXITPRICE STOP
ENDIF

SET STOP PLOSS 350
SET TARGET PPROFIT 500

Indicator needed to run the strategy (“PRICE ACTION BUND”)

// UNIVERSAL CODE POSTED BY NICOLAS

// INDICATOR PRICE ACTION BUND
bandedge=50

whitenoise= (Close - Close[50])
if barindex>bandedge then
// super smoother filter
 a1= Exp(-1.414 * 3.14159 / bandedge)
 b1= 2*a1 * Cos(1.414*180 /bandedge)
 c2= b1
 c3= -a1 * a1
 c1= 1 - c2 - c3
 filt= c1 * (whitenoise + whitenoise[1])/2+ c2*filt[1] + c3*filt[1]

 filt1 = filt

  if ABS(filt1)>pk[1] then
   pk = ABS(filt1)
  else
   pk = 0.99* pk[1]
  endif
  if pk=0 then
   denom = -1
  else
   denom = pk
  endif

  if denom = -1 then
   result = result[1]
  else
   result = filt1/pk
  endif
endif
RETURN result COLOURED(66,66,205) as "PRICE ACTION", 0 as "0"