A forex trend breakout code
May 22, 2016, 7:19 PM
Strategies
2 Comments
Hello,
At the request of Ashley, I tried to backtest a strategy.
It was a failure on M15 and H1.
But the code works well for these conditions :
- H4 timeframe
- EUR/USD
- only long positions (works not great with shorts)
On H1, we must use “sell limit” instead of “buy stop”, it works with it !
So this code isn’t my best strategy of course, but the equity curve is sexy 🙂
// ASHLEY's strategy
// EUR/USD H4 minicontracts
EMA21 = exponentialaverage[21]
EMA40 = exponentialaverage[40]
EMA100 = exponentialaverage[100]
n = 4
Ctime = time > 040000 and time < 200000
// ACHAT
ca1 = EMA21 > EMA40 and EMA40 > EMA100
ca2 = EMA21 > EMA21[1] and EMA40 > EMA40[1] and EMA100 > EMA100[1]
ca3 = low < EMA21 and close > EMA21
ca4 = close > open and close > close[1] and close > open[1] and open <= open[1] and open <= close[1]
IF Ctime and ca1 and ca2 and ca3 and ca4 and not longonmarket THEN
SL = close - low
buy n shares at highest[1](high) stop
ENDIF
set stop loss SL
set target profit SL * 1.5
Download
Filename:
ASHLEY.itf
Downloads:
336
Master
Hello, I'm Marc.
Nice to meet you.
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