Wisper Breakout Strategy SAF40

Wisper Breakout Strategy SAF40

This strategy is one which takes advantage of only long opportunities in the SA Top 40 (SAF40) Index also known as the ALSI.

The code is testing if price is making new highs and lows before setting a new long order at market.

Target and loss levels are based upon the size of a factorized ATR 14 periods. Take profit size is larger than the stop loss one.

 

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. juanj • 195 days ago #

    I take it you did not consider that the spread could be anything from 30 to 50 pts. Especially outside market hours.

    • Casenova • 195 days ago #

      I have been trading this system for 4 months uninterrupted. I can assure you that I considered the spread. The Stops and Targets is wide enough, don’t let last nights trade upset you.

  2. juanj • 195 days ago #

    If I run the backtest with a zero spread the backtested result look similar to your screenshot. If however, I include a realistic spread of 40 the backtest only show the strategy to be profitable after November 2016. The strategy opens trades both in and out of market hours, meaning it would make sense to include an average spread between the usual 30 (in market hours) and 50 (outside market hours).

  3. Eric • 193 days ago #

    If you have a high percentage winners and the trades are closed with take profit the spread doesent matter that much as long price exceed the TP by half the spread

  4. Casenova • 193 days ago #

    I Agree with you JaunJ, and Yes Eric, what you say makes sense too. Optimizing the Stop Loss and Profit Target to 3.9 and 3.5 X ATR respectively back-tested in favour of the system at a spread of 30. I guess we can play around with the numbers but ultimately I feel that the logic of the system still holds true.

  5. ET • 142 days ago #

    Thanks for the system Casenova. In determining the high of the past 4 bars, is there a reason you didn’t use the “highest” command? I’m getting to grips with the code and was curious.

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
odin i use it on daily Chart only. i use it on stock market for long only startegies. i´m no fan ...
noisette Hi Odin, Thank you for the code. I made sone test with M1 timeframe and results have to be ...
Onega Sorry, a quick question I cannot see on forum please ?...Using ProScreener, how can we get t...
osupero https://www.screencast.com/t/QmSXRbBR
osupero https://www.screencast.com/t/2fCW8fkGsOeZ....solo posiciones largas por ahora
osupero https://www.screencast.com/t/MIaSZ2PRg
odin look at the screener i upload a new rule based screener for this strategy to find long candi...
JanWd Very nice strategy, it does work indeed !! Very long time perspective. You can use this s...
Mary Hi Odin, thank you very much for the strategy. You said there is a screener you posted for t...
JanWd Hey Doctrading, I tried your code, optimising the A and V and the RSI period, see below. ...
Glen Marquis This will work as there is plenty of room for the Target before the Stop, yet the Stop would...
magicT I did a copy and paste of this code and PRT 10.3 returns a synthax mistake: OneTradePerD...
Dominik // Stops und Targets SET STOP pLOSS 0 SET STOP PTRAILING 45 SET TARGET pPROFIT 55
beeb Hallo Dominik, das mit dem deutsch schreiben kommt mir sehr gelegen. Komme auch aus Deutschl...
vlongobardo67 hi Beeb, I imported the file in my platform but is does open any order. What is wrong , wha...
Nicolas
8 months ago
juanj Kinda reminds me of Renko Trading
Real Pro Hi Nicolas, I'm having trouble changing the colours according to the instructions you gave. ...
Nicolas https://www.prorealcode.com/topic/mt4-fractal-box/
Alai-n Merci pour ce travail...
patmaba merci Alai-n. C'est ma première participation sur prorealcode, merci pour à toi pour ton co...
Nicolas What do you want to do exactly? Because dots are plotted afterwards..
rama I want to place buy or sell order just after the last man , what is the code to use ? i tr...
Nicolas But it should, please open a new specific topic in the ProOrder automatic trading forum.
TempusFugit Masala, thanks for your contribution. I don´t like the offmarket spreads neither ;) I unders...
Uveus Tempus, me da un error al validar el codigo, sobre la variable N. Al crear el indicador me ...
TempusFugit Hi Uveus, I am guessing you inserted the code of the indicator into the system code, is ...
Jessar Hallo Leute, es wäre interessant aus dieser Strategie mit Hilfe von diesen indikator https:/...
verdi55 Funny. Just try this one on NASDAQ 100 (or any other big index) since 2009. Starting capital...
rama what you see on probacktest is like dreaming on a day time (not even sleep), most of the str...
primo1 Bonjour Nicolas, sur quelle échelle de temps minimum tu utilises l indicateur je pense...
primo1 Bonjour Nicolas Pour créer la strategie comment peux tu traduire l"apparition des points....
Nicolas Exemple dans ce sujet du forum ProOrder : https://www.prorealcode.com/topic/perfect-trend-in...

Top