This automatic trading robot use the morning range from 7 o’clock to 9 o’clock of the Dax 30 on a 1 minute timeframe basis. If the price breaks the range up or down, a trade with fixed StopLoss and TakeProfit is set.

This strategy is another version of the famous Open Range Breakout methodology applied on DAX.

DEFPARAM FLATBEFORE=090100
// Festlegen der Code-Parameter
DEFPARAM CumulateOrders = false // Kumulieren von Positionen deaktiviert

// einmalige werte

once size = 1
once profi = 20
once in = 1
once korrek = 1
sl = 35
// Verhindert das Trading an bestimmten Wochentagen
daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0
noEntryAfterTime = 100000
timeEnterAfter = time < noEntryAfterTime

// einen trade nur
IF (CurrentTime = 010000) then
 onetrade = 0
ENDIF
// Bedingungen zum Einstieg in Long-Positionen
IF (CurrentTime = 085900) then
 high7 = HIGHEST[120](high)
 low7 = LOWEST[120](low)
ENDIF
IF (close > high7) AND (CurrentTime >= 090100) then
 onetrade = 1
ENDIF

IF  (CurrentTime >= 090100) AND not daysForbiddenEntry AND (onetrade = 0) AND timeEnterAfter THEN
 BUY size CONTRACT AT high7 STOP
ENDIF
IF (LONGONMARKET = 1) then
 onetrade = 1
 in = 1
 korrek = 0
 //l1 = POSITIONPRICE + 0.0008
 l2 = POSITIONPRICE - sl
 //sell at l1 LIMIT
 sell at l2 stop
ENDIF

// Bedingungen zum Einstieg in Short-Positionen
IF close < low7 AND (CurrentTime >= 090100) then
 onetrade = 1
ENDIF
IF (CurrentTime >= 090100) AND not daysForbiddenEntry AND (onetrade = 0) AND timeEnterAfter THEN
 SELLSHORT size CONTRACT AT low7 STOP
ENDIF
IF (SHORTONMARKET = 1) then
 onetrade = 1
 in = 1
 korrek = 0
 //s1 = POSITIONPRICE - 0.0008
 s2 = POSITIONPRICE + sl
 //EXITSHORT at s1 LIMIT
 EXITSHORT at s2 STOP
ENDIF

// korrektur
IF (LONGONMARKET < 1) AND (SHORTONMARKET < 1) then
 in = 0
ENDIF

IF in = 0 and korrek = 0 then
 d1 = POSITIONPERF(1) > 0
 d2 = POSITIONPERF(1) < 0
 IF d1 and size > 1 then
  size = size - 1
  korrek = 1
 ELSIF d2 then
  size = size + 1
  korrek = 1
 ENDIF
ENDIF


// Stops und Targets
SET STOP pLOSS 60
SET TARGET pPROFIT sl

// Performance
IF STRATEGYPROFIT > profi then
 size = 1
 profi = profi + 20
ENDIF