Good Day

I have been a silent member of this community for quite some time but suppose as time would allow I would try to become more active. I have been developing PRT strategies for almost 2 years now and have quite a few running live and profitable on various indexes and FX Pairs. I still need to get to a point where I can freely share my strategies but still find that slightly difficult (especially knowing some people sell your IP for profit). Anyhow this is just one of the many rabbit hole strategies I have developed in an effort to outperform a given index.

I actually wrote this today when the idea came to me to write a small time frame strategy that attempts to enter the market and take profit as soon as possible with the ability to stop and reverse direction quickly if the position becomes unprofitable. I am sure the general idea can be adapted to other timeframes and markets.

///Spread set to 0.9 points

possize = 1
pointsp = 20 //points where profit is to be locked in
pointsb = 36 //points where stop is to be taken

fast = average[11,4](close)
medium = average[13,4](close)

If countofposition = 0 then
 If fast > medium then
  BUY possize CONTRACT AT open + averagetruerange[3](close)*2 stop
 EndIf
EndIf

If longonmarket and close >= positionprice + pointsp then
 If close < close[1] then
  SELL AT MARKET
 EndIf
ElsIf longonmarket and close <= positionprice - pointsb then
 SELLSHORT possize*2 CONTRACT AT MARKET
EndIf

If shortonmarket and close <= positionprice - pointsp then
 If close > close[1] then
  EXITSHORT AT MARKET
 EndIf
ElsIf shortonmarket and close >= positionprice + pointsb then
 BUY possize*2 CONTRACT AT MARKET
EndIf

SET TARGET pPROFIT 50