Hi everyone.

I came up with this relatively simple strategy that gives nice results on EUR/USD and DAX on a 1 hour and 30 min timeframes.

The idea behind is the following:

I define the quantity of averagerange that represent the average of the last 3 days high/low range on price.

• I take a long position if the 1 period ATR crosses above the averagerange  with a corresponding bull candle (volatility break on the upside)
• I take a short position if the 1 period ATR crosses above the averagerange with a corresponding bear candle (volatility break on the downside)

Walk forward results are attached

Best

Francesco

// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated
period = 72 //1hr time frame -> 3 days average

///optimized parameters
a= 9 //exit after a bars
l=0.9//factor that defines break conditions
b=1.9//dynamic profit factor multiplier

///definition of pricerange ->   average of the daily high/low range
notmonday =  opendayofweek = 2 or opendayofweek = 3 or opendayofweek = 4 or opendayofweek = 5
if notmonday then
 dailypricerange = Dhigh(1) - Dlow(1)
endif
if opendayofweek = 1 then
 dailypricerange = Dhigh(2)-Dlow(2)
endif
averagerange = average[period](dailypricerange)
////////

atr= AverageTrueRange[1](close)
pr = averagerange*b //profit factor proportional to averagerange

///trading conditions
downsidevolbreak = (atr >= l*averagerange) and close<open
upsidevolbreak= (atr >= l*averagerange) and close >=open

IF downsidevolbreak  THEN
 sellshort 1 PERPOINT AT MARKET
ENDIF
IF upsidevolbreak  THEN
 buy 1 PERPOINT AT MARKET
ENDIF

///exit conditions
set target pprofit pr

if longonmarket and barindex-tradeindex >=a then
 sell at market
endif
if shortonmarket and barindex-tradeindex >= a then
 exitshort at market
endif