As simple as it gets: EURUSD 2h ATR strength

As simple as it gets: EURUSD 2h ATR strength

This is a really simple system in its base form. It has no filters or money management. I submit it only to show what can be done with VERY simple entry & exit rules. I’m pretty sure this could be developed further into an implementable system.

The basis is EUR/USD on 2h timeframe. It might work on other assets, I haven’t tried yet.

The system will initiate a long if there is a green body exceeding ATR(20)*2. It will exit the long on another green body exceeding ATR(20)*2, or on the 9th bar after entry, or if a short position is initiated.

The system will initiate a short if there is a red body exceeding ATR(20)*2. It will exit the short on another red body exceeding ATR(20))*2, or on the 9th bar after entry, or if a long position is initiated.

There you go, as simple as that. Good luck with your adaptations!

 

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Wilko • 16 days ago #

    Just a quick note. The first line should read AverageTrueRange[20](close), not [14]

  2. Inertia • 12 days ago #
  3. victormork • 11 days ago #

    How does the backtest change with AverageTrueRange[14](close)? Better, worse, unchanged?

  4. Wilko • 10 days ago #

    If I remember correctly, best backtest results were achieved with ATR(21). Slightly worse with 14, but not materially

  5. Francesco78 • 8 days ago #

    Great system, I love its simplicity. Thank you.

  6. SAM • 3 days ago #

    Hy, thank-you for share-it…
    Ex-cuse me for the trivial question,
    I understood the condition LognEntry ,but why the condition “close -open>ATR*2 ” is also in the condition “LongExit” ?
    thank-you

    Close – Open is the thame as LognEntry?

  7. Wilko • 3 days ago #

    Hi Sam,
    Thank you for the comment. I ageee completely and do not find your question trivial. Please allow me to check the code and come back with an answer. I can spontaneously say that this is not the same as codes I have implemented (yes, I do run variations on this idea live on several markets). Let me have a look and revert with an explanation.
    Kind regards,
    Fredrik

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
juanj The last fractal will be coordinate 1 and the high/low of the candle that generates an angle...
juanj And the point of violation is the close of the candle that violates the line by generating a...
juanj For the latest version of the strategy or to follow updates and developments see the thread ...
CKW Thanks Francesco for sharing. Equity curve in overall looks great and testing it on demo :)...
Francesco78 Hi CKW thanks for your comment and for spending time on the steategies. The framework is ver...
poonsl2828 Hi! Francesco I have test it on GBP/USD but it only have a trade on 9 Jun which i backtes...
Jean-Pierre Poulain When I buy and when I sell ?
Nicolas The featured image of the post do not deserve the indicator you are right, I attached other ...
Nicolas It is described in the post already :) The BUY/SELL signals are quite similar of what you ca...
imokdesign Hi Everybody, when I look at the strategy I felt the need to implement a Moneymanagement-Sy...
Inertia newlevel then multiplier=multiplier+1 oldlevel=newlevel newlevel=strategyprofit+startequi...
Inertia Hi Bjoern, I was playing around with your code this morning (EUR/USD 5'). Thank you to the...
ALE Very useful, it could potentially solve many problems of false signals!!Thanks Nicolas!
ALE Hello Nicolas  which parameters could be modified to slow volatility? The viscosity? Thank...
Nicolas viscosity and sedimentation are only the classic "fast/slow" periods parameters for this ind...
albertocampagna Sei grande Nicolas :-)
SAcht Dear Nicolas, Great work, thank you very much!I would love to use the indicator in ProScree...
SAcht btw: The above-posted ProScreener is supposed to show stocks for which the center line has i...
victormork Hi, I would just like to share my own take on this strategy. I'm using 30 min on EURUSD but ...
mckubik Thanks. I will run a Test. 
poonsl2828 Hi! bjoern May i know what timing should i change for time zone (Singapore (GMT +8:00) ...
ALE Hello because this trailing stop start next candles if condition is verified.  For more in...
Frytconcord Hello Have you tested this code in real? Fractal breakout intraday Stratégie EUR / USD 1H
Frytconcord Bonjour j'ai testé votre code, vraiment impressionnant. J'ai envie de le tester en reel. Ma ...
darraghcoyle@ got it sorted thanks
DanT01 Hi Nicolas, Thanks very much for uploading this, works great. Is there a way to turn this...
Nicolas Please add new request in the appropriate forum. You can also use the assisted creation in t...
mbaker15 Hi, Could you help me add this to my swing trading code? Mark defparam cumulateorders = f...
Nicolas Hi David, thank you for the contribution. I have tested the strategy through 200.000 bars an...
David Thanks Nicolas. I assumed that this would be the case when back tested further. 
Dimi.A Awesome mate.
Nicolas Use the wrench of the price chart! Upper left of the window
Dymjohn The wrench shows options for the components of the indicator not how to show in the main cha...
Nicolas http://www.prorealcode.com/topic/overlapping-indicators/  
Naren Yanan what is    diplus  diminus  please
Barney Has anyone tested this algon now when PRT 10.3 was released?
Yngve does anyone know if the issue with the TP/SL is resolved ?
JakeDB  Hi Doc, Firstly, thanks alot for this code. I have applied it to EUR/USD 3min frame & ...
JakeDB Answered my own question....Sorry about this question. 5 positions, take profit at 15, loss ...
maxxb sto facendo girare in demo questa strategia modificata a 10 minuti con stop e profit ottimiz...
Canale di Fill Grazie ragazzi per i vostri commenti, ma io ho creato un mio personalissimo "montecarlo" che...
miguel33 Grazie filippo. sto facendo dei backtest per valutare meglio in diverse situazioni. se tro...
DerPat Hello, If you google, you will find a lot of articles and block posts that clearly show expe...
David Hi Doc. Thanks for sharing. To me there's isn't much difference between this and the ATR and...
Nicolas Hi David, this code is not the proper daily ATR, which is calculated as follow according to ...
David Thanks for the explanation Nicolas.
GraHal I adjusted for GMT (minus 1 hour on all times) ... no trades. Might it be because the code ...
GraHal Ooops got that excited I sent that last one twice! ha (and can't delete it, sorry) I got it...
Eric n = 3  dont forget to allow 3 contract in proorder

Top