Trend Breakout

Trend Breakout

Good Day Everyone

This is probably the craziest strategy I have ever written. It is based on diagonal trend line breakouts. The trend lines are calculated from the extreme of the highest/lowest pivot to the extreme of the next highest/lowest point in the trend. The calculation uses the Tan trigonometry function to calculate the size of the angle between the pivot extreme and the close of the last bar. Violation of the trend line triggers a new stop order and trend direction.

Below the code as adapted for the EUR/USD Mini on the 1Hr timeframe:

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. Francesco78 • 09/08/2017 #

    very interesting idea! thanks

  2. Francesco78 • 09/08/2017 #

    would you mind to specify what are the optimized parameters? many thanks

  3. juanj • 09/08/2017 #

    Optimize parameters:

    1. Outside market hours (line 9)
    2. Highest Point of Violation look back period (line 98 and 102)
    3. ATR period and multiplication factor (line 99 and 103)
    4. Bollinger Standard Deviation (line 120)
    5. Bollinger Period (line 125)

  4. Francesco78 • 09/08/2017 #

    Thank you!

  5. juanj • 09/08/2017 #

    @Nicolas @Wing @Francesco78 I am thinking of ways to make the strategy more robust but will require visual cue’s to assist me in analyzing the strategy. Can one of you possibly assist me in graphing the lines? I will require each revision of the trend line (i.e. every time the trend line is updated it needs to be graphed). This will help me better determine when is the best time to update the trend line and/or when it can be considered violated. Thanx

    • Nicolas • 09/08/2017 #

      Should be better with an indicator. As long as we can determined at least 2 coordinates for each line.

  6. juanj • 09/08/2017 #

    The last fractal will be coordinate 1 and the high/low of the candle that generates an angle greater than the previous angle will be coordinate 2

  7. juanj • 09/08/2017 #

    And the point of violation is the close of the candle that violates the line by generating an angle greater than the current angle and closes opposite the active trend

  8. juanj • 09/08/2017 #

    For the latest version of the strategy or to follow updates and developments see the thread here:
    https://www.prorealcode.com/topic/calculating-diagonal-trend-lines-using-fractals-and-trigonometry/

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
XXXXVII Fixed ITF Trend Background //Indicateur CCI ID2 = CCI[50] => 60 ID3 = CCI[100] => 60...
Screw27 Hi man, I installed the indicator and i don't know why but my graph it is so big
HelixKing sounds interesting I'll take a look
Darren Nash Thanks Souhail, in the end i just copy/paste the logic with variables and it works. I rem...
Darren Nash One thing to note also for DOW trading if using IG, change the buy/sell qty from 1 to 2
mostafa samady How can I optimize it for DAX 30? Thanks!
born2trading hello Nicolas, sorry for off-topic question, but can you tell me what kind of indicator you ...
Nicolas Not an indicator but an option in PRT v11.
Screw27 Salut nicolas j'aimerais savoir tes résulats grace a cettte methode
eva.g.forsgren Jag fĂĄr felkod pĂĄ rad 56?
Nicolas This indicator only works on PRTv11 onwards.
Jan If you start PRT via your trading account at IG.com, the PRT version 11 is not available yet...
Vonasi There are actually two ways to calculate standard deviations and I seem to have used the ver...
Nicolas Il faut l'appliquer sur le prix, en allant dans les paramètres du prix.
tonycom95 Bonjour Nicolas est ce que cet outil est utilisable sur les actions ? Désolé si ma question ...
Nicolas Bien sûr, pourquoi pas ?
Rory Dryden Thank you. Experimenting with it now.
Nicolas No, all codes on our website are to be used with ProRealTime: https://www.prorealtime.com/en/
dg007 BUON GIORNO E' POSSIBILE AVERE UN CHIARIMENTO?GRAZIE MILLE
Nicolas Poni qui la tua domanda se è correlata a questo indicatore, altrimenti apri un nuovo argomen...
bob789 Once you download it, how do you upload it into PRT? thanks
Nicolas How to import file page: in the help section of the website explains howto
kenssa import through the indicator page/window in the Proreal time
Vonasi I developed and tested on v11.1 - 1.8.0_202. All the array use in the code is very basic. Di...
Vonasi You can find the minor bug fix and new ITF file here: https://www.prorealcode.com/topic/eve...
Reddington Hi Vonasi! Really nice work, is it possible to re-create this to work in 10.3? Best regards ...
Jan Just run the code for this pair, make sure you have the right spread filled. What you could...
oxy75 Hello. I understood that we were waiting to choose two values ​​between 0 and 69 for the two...
Roi Aglipa Hi, Any way to project those 2 chosen averages (see below) on the chart? "Once MAType = w...
Stockastiss Can this code be simply transferred into Backtestingcode so one doesnt need to use call ? (i...
Vonasi Sorry for the late reply. Add the code to your strategy and remove line 5 and line 39. Chang...
leofi https://www.prorealcode.com/topic/simple-average-with-visual-color/
leofi Go visit www.prorealcode.com/topic/simple-average-with-visual-color/ and watch 2em post
Dritan Hi,I am new on Prorealtime and coding.I downloaded the indi but I have it on a separate wind...
Nicolas Use the color variables R and G to test if the trend is bullish (R=0) or bearish (R>0).
s00071609 Where can i find the syntax to test the colour of the line, I am calling the indicator value...
Nicolas You should open a new topic to discuss about the strategy and its coding.

Top