This code snippet demonstrates how to implement a short trading strategy for EUR/USD on a 15-minute chart using multiple technical indicators in ProBuilder. The strategy includes conditions for entry and dynamic exit based on market movements.
DEFPARAM CumulateOrders = False
DEFPARAM Preloadbars = 6000
N = 1 //MINI LOT $1
Cv1 = (close < Average[100]) and (Average[50] < Average[50](close[1]))
Cv2 = RSI[14](close) < 28
Cv3 = STD[10](close) >= 10.93 * pipsize
Cv4 = close <= BollingerDown[13](close[2])
indicator1 = ExponentialAverage[5000](close)
c1 = (close > indicator1)
OKSHORT = cv1 and cv2 and cv3 and Cv4 and c1
IF OKSHORT then
Sellshort n CONTRACT at market
endif
startBreakeven = 9
PointsToKeep = 1
IF SHORTONMARKET AND (tradeprice(1) - close) >= (startBreakeven * pipsize) THEN
breakevenLevel = tradeprice(1) + (PointsToKeep * pipsize)
IF breakevenLevel > 0 THEN
EXITSHORT AT breakevenLevel STOP
ENDIF
ENDIF
SET STOP pLOSS 48
SET TARGET ppROFIT 12
Explanation of the Code:
This snippet is a practical example of combining various technical indicators to create a comprehensive trading strategy in ProBuilder, focusing on short positions with dynamic exit strategies.
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https://www.prorealcode.com/topic/short-eur-usd-m15-pac-man-strategy/#post-69698
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