The algorithm is searching for situations, where the range of the last 8 bars is wider than 60 pips. Opens a long position if the close is above and a short positions if the close is below the range.

Unfortunately I only have backtest data since 11/2015 for the 5 minute chart. Maybe somebody can backtest with more data? Thanks!

// Timeframe M5
// EURUSD (IG - Markets)
// Spread 2 pips

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

IF (abs(close-open[8]) > 0.006) THEN
 IF (close > open[8]) THEN
  BUY 1 CONTRACTS AT MARKET
  SET STOP pLOSS 50
  SET TARGET pPROFIT 225
 ENDIF

 IF (close < open[8]) THEN
  SELLSHORT 1 CONTRACTS AT MARKET
  SET STOP pLOSS 50
  SET TARGET pPROFIT 225
 ENDIF
ENDIF

Download

Filename: trend-following-strategy-EURUSD.png

Downloads: 178

Download

Filename: trend-follower-EURUSD-5M.itf

Downloads: 493

deleted_account New

This author is like an anonymous function, present but not directly identifiable. More details on this code architect as soon as they exit 'incognito' mode.

Author’s Profile

Comments

You must be logged in to post a comment.

Sign In

Your ProRealCode Account

Or with Username or Email

I accept the Terms & Conditions

Forgot Password?

Not a Member yet? Sign up

About personal data collected

The information collected on this form is stored in a computer file by ProRealCode to create and access your ProRealCode profile. This data is kept in a secure database for the duration of the member's membership. They will be kept as long as you use our services and will be automatically deleted after 3 years of inactivity. Your personal data is used to create your private profile on ProRealCode. This data is maintained by SAS ProRealCode, 407 rue Freycinet, 59151 Arleux, France. If you subscribe to our newsletters, your email address is provided to our service provider "MailChimp" located in the United States, with whom we have signed a confidentiality agreement. This company is also compliant with the EU/Swiss Privacy Shield, and the GDPR. For any request for correction or deletion concerning your data, you can directly contact the ProRealCode team by email at privacy@prorealcode.com If you would like to lodge a complaint regarding the use of your personal data, you can contact your data protection supervisory authority.

Get Assistance

Assistance Type

Your Need

Proposed Solutions

Choose Assistance Type

Your choice will define the different steps of the wizard. If your demand is not listed, please contact us directly. Contact Page.

Public Assistance Your demand will be public and visible to all users. Or you might find the answer in our content.

Private Assistance Your demand will be private and visible only to you and the ProRealTime™ team (may include fees)

Your Need

Make a choice to define the next steps of the wizard.

I need programming help For all assistance about coding with ProRealTime™ I want to use available codes on my platform Quickly download and directly use codes on your platform
from trading strategies to indicators and screeners! I'd like to know more about trading For all assistance about trading with ProRealTime™ I want information about ProRealTime For all assistance about ProRealTime™

I need assistance with my ProRealTime account For all assistance about your ProRealTime account I need a programmer to help me code my idea (paid service) For all assistance about coding with ProRealTime™

Programming Help

Please find below the list of available solutions. If you don't find your solution, please contact us directly. Contact Page.

Forums Ask your question in the forums and get help from the community.

Documentation Find all the documentation about the ProRealTime™ programming language.

Snippets Find code snippets available and shared by the community.

Learning Learn the ProRealTime™ programming language with our online courses.

Codes Library Find thousands of code examples available in the ProRealTime™ library.

ProRealBlocks Create your own strategies for ProRealTime™ with our no-code tool.

Download Codes

Please find below the list of available solutions. If you don't find your solution, please contact us directly. Contact Page.

Library Find thousands of free codes examples available in the ProRealTime™ library.

ProRealCode Marketplace Hundreds of automated trading strategies, indicators and more proposed by professionals and the community.

Trading Help

Please find below the list of available solutions. If you don't find your solution, please contact us directly. Contact Page.

Learning Find courses about trading in our online learning content.

Groups Join trading groups and get help from the community.

Videos Find videos about trading in our online learning content.

Tutorials Find tutorials about trading in our online learning content.

ProRealTime Information

Please find below the list of available solutions. If you don't find your solution, please contact us directly. Contact Page.

ProRealTime™ Official Visit the official ProRealTime website for all information about the platform.

ProRealTime™ Help Page Visit the official ProRealTime help page for any help about the platform.

Account Assistance

Please find below the list of available solutions. If you don't find your solution, please contact us directly. Contact Page.

ProRealTime Contact Page A team of financial experts, engineers, and customer support representatives at your service!

Paid Programming Help

Please find below the list of available solutions. If you don't find your solution, please contact us directly. Contact Page.

The ProRealCode Programming Services Get your own custom-made indicators, strategies, and more for ProRealTime™.
We can also help you with your own code.
Since 2015, we have been helping thousands of traders and developers with their ProRealTime™ projects!

Do you like cookies? 🍪 We use cookies to ensure you get the best experience on our website. (Learn more)

About
Contact
Terms & Conditions
Privacy Policy
Moderation Rules