Short on rising markets - 4H OnlyShort-Strategy on Dax

Hello.

For this little OnlyShort-Strategy here in the Dax, we use the power of candles in the form of the Repulse indicator and provide the strategy with two three small filters.

Protected by the repulse stop and in percent, profits are generated when prices fall, while in the rising market with this OnlyShort-Strategy there are no significant losses.

We start the positions at 09.00 / 13.00 / if necessary 17.00 o’clock in timeframe 4H and in the time zone utc+2 (“Berlin-Time”). The position is closed for a peaceful sleep at 21.00 o´clock.

That’s all.
Until then
JohnScher

// OnlyShort-Strategy on Dax
// Dax 1 Euro Mini
// TimeFrame 4H
// Hauptcode : 4H Short with Repulse-Stop flatafter 210000
// created by JohnScher


 
defparam flatafter = 210000
defparam cumulateorders = false


Once positionsize = 1


c1 = Exponentialaverage [1] (close) < Exponentialaverage [2] (close)
c2 = cci[21] (close) >-95
c3 = TR (close) >24

//repulse-indicator from prt as a code
q = 3
a = 100 * (3*close - 2*low - open) / close
b = 100 * (open + 2*high - 3*close) / close
c4 = Exponentialaverage[q](a) - Exponentialaverage[q](b)



// define starttime
TradingDayShort =  Opendayofweek = 1 or Opendayofweek = 2 or Opendayofweek = 3 or Opendayofweek = 4 or Opendayofweek = 5
TradingTimeShort =  time = 090000 or time = 130000 //or time = 170000


r = 0.1 // variable as a digit, could be a indicator too, not tested

//maincode
IF  TradingDayShort and TradingTimeShort Then
 If c1 and c2 and c3 Then
  If c4 <r Then
   sellshort positionsize CONTRACTS AT MARKET
  Endif
 Endif
ENDIF


IF c4 > r  then
 Exitshort at market
ENDIF

set stop %loss 1
set target %profit 2

// not tested
// on other major indizes
// with Saisonalpatternmultipler from Pathfinder-Systems
// with some Re-invest-Stategies


// until then
// JohnScher