The FTSE is lying!! intraday trading strategy

Category: Strategies By: GDKLockout Created: May 7, 2017, 4:53 PM
May 7, 2017, 4:53 PM
Strategies
3 Comments

Hi all. I’m new to this website.

I have been live trading the FSTE100 and some forex pairs for about 6 years now and have been trying to automate my strategies to free up my time. I have found this site very useful to get me up and running. So i wanted to give back a little.

So here is my crude attempt at coding one of my very successful inter-day strategy on the ftse. Most of the code is “borrowed”off you guys in one way or another, and the results are a good bit less than i actually got over this time period when i was trading it real time.

Any help on how to improve the code or the strategy would be much appreciated.

DEFPARAM CumulateOrders = False
DEFPARAM FLATBEFORE = 080000
DEFPARAM FLATAFTER = 210000

atr = AverageTrueRange[12]

// LONG
IF (abs(open-close) > (atr*2) and close < open) THEN
 BUY 10 CONTRACTS AT MARKET
 SET STOP pLOSS abs(close-open)
 SET TARGET pPROFIT abs(close-open)*2.5
ENDIF

//SHORT
IF (abs(open-close) > (atr*2) and close > open) THEN
 SELLSHORT 10 CONTRACTS AT MARKET
 SET STOP pLOSS abs(close-open)
 SET TARGET pPROFIT abs(close-open)*2.5
ENDIF

 

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Filename: FTSE-is-lying.itf
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