A strategy around 3 lines break on stocks daily

Swingueur · 2021-08-30T19:52:00+00:00

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

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08/30/2021 at 8:52 PM #176497 quote

Swingueur
Participant

Average

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

Nicolas and Marcotipiak thanked this post

08/30/2021 at 9:39 PM #176503 quote

phoentzs
Participant

Master

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.

08/31/2021 at 8:44 AM #176515 quote

Nicolas
Keymaster

Legend

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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