A strategy around 3 lines break on stocks daily

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  • #176497 Report

    Hello,

    I recently discovered the 3 lines break chart, and got pretty seduced by the simplicity and the clean trends highlighted.

    After watching some videos and finding some indicator code, I decided to assess the idea for a strategy on stocks in a Probacktest code, which was published thanks to @Nicolas

    https://www.prorealcode.com/prorealtime-trading-strategies/3-lines-break-reversal-strategy-on-trending-stocks/

    Initially, the strategy was with TP = 1 SL distance (SL being the last low when 3 lines break is reversing), but included several exit conditions to compare results.

    Would appreciate some feedback, to continue to improve the strategy.

    Fabrice

     

     

     

    2 users thanked author for this post.
    #176503 Report

    Nice code. Some snippets look familiar to me from Doctrading. 😁 A good man. I myself am currently following candlestick in the timeframe daily and use it as a trend indicator in shorter time frames up to M5. With terrifying results.

    #176515 Report

    Thank you for opening this topic. I moved it into the ProOrder section, that’s where same kind of discussions (improve strategy) take place usually.

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