Hello everyone.
This is a strategy I found by playing around with the indicator posted by Nicolas
https://www.prorealcode.com/prorealtime-indicators/reversal-signal-threelinebreak/
I applied to cac 40 and I used in the counterintuitive way (buy with a sell signal / sell with a buy signal).
In line with what Andrea Ungher teaches on DAX I applied a condition on the “fullness” of the prevous day bar as a filter.
In order to make it work pls download also the indicator.
walk forward analysis is attached
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//CAC 40 daily strategy spread 3 DEFPARAM CumulateOrders = False // Cumulating positions deactivated atr = averagetruerange[14] c = 0.5//parameter to define dojiness ///profit parameters for trailing dynamic target k = 1 //profit parameters for long j = 7 //profit parameters for shorts ///fulness definition if opendayofweek <>1 then fullness = abs(dopen(1)-dclose(1))/abs(dhigh(1)-dlow(1)) endif if opendayofweek = 1 then fullness = abs(dopen(2)-dclose(2))/abs(dhigh(2)-dlow(2)) endif ydayok = fullness<c // signal def trendsig = CALL "PRC_RevertSignal_cac" cl = trendsig=-1 cs = trendsig=1 IF cs and ydayok THEN sellshort 2 contract AT MARKET ENDIF IF cl and ydayok THEN buy 2 PERPOINT AT MARKET ENDIF //TRAILING STOP PFL = k*atr PFS = j*atr TGL =10 TGS=10 if not onmarket then MAXPRICE = 0 MINPRICE = close PREZZOUSCITA = 0 ENDIF if longonmarket then MAXPRICE = MAX(MAXPRICE,close) if MAXPRICE-tradeprice(1)>=TGL*pointsize then PREZZOUSCITA = MAXPRICE-TGL*pointsize ENDIF ENDIF if shortonmarket then MINPRICE = MIN(MINPRICE,close) if tradeprice(1)-MINPRICE>=TGS*pointsize then PREZZOUSCITA = MINPRICE+TGS*pointsize ENDIF ENDIF if onmarket and PREZZOUSCITA>0 then EXITSHORT AT PREZZOUSCITA STOP SELL AT PREZZOUSCITA STOP ENDIF if longonmarket then set target pprofit PFL endif if shortonmarket then set stop ploss PFS endif |
Have fun.
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Hi Francesco, thanks for your code. May I have your email? I’d like to send you a message.
Hi Stenizar and thank you!
For the email, I think the rule of the forum is to ask Nicolas to share them. I have nothing against him giving your email. Let’s just wait for him to read this message
OK Francesco, thanks
Hi Francesco,
Do you running this strategy on Demo/Live or never version? Mine stopped due to errors.
thanks.
Hi CKW, yes I do run it live, and so far I had no problem, which kind of errors?
Hello Francesco.
Are you still active with the Threeliner?
I also follow that, that you get a good reversal signal there.
I have noticed that the further the range between lines is, the more often a rerversal occurs.
Can you convert the indicator so that I get the range?
I could imagine using the range and setting the stoploss to, say, 20% of the range and the take profit to 50% of the range.
Have you tried something like this or maybe seen from the corners of your eyes?
kind regards
JohnScher
Hi Francesco
May I know the time zone applicable to this strategy?