Ask for a protective breakout support

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  • 12/08/2021 at 3:34 PM #183018 quote
    david24
    Participant
    Junior

    Hi everyone,

    I would like to ask for help in order to build a system that open and close a position each time a support is crossed.

    For example, the system opens a position (Oil – US Brut Market) under 7000 pts and close automatically the position above 7000 pts. In order to avoid in a choppiness environnement too often trades opened/closed I add a EMA that could cross under / above this level.

    In addition, I would like to leave my position opened if the market is in a bearish trend and close it only if the trend is bullish.

    Thanks in advance,

    David

    Support-.001.jpeg Support-.001.jpeg
    12/09/2021 at 1:28 PM #183070 quote
    JS
    Participant
    Senior

     

    MySupport = 7000 //Fixed Support
MyEMA = Average[20,1](Close) //20 days EMA

If Close < MySupport and MyEMA Crosses Under MySupport then
SellShort xNumber Contract at Market
EndIf

If MyEMA / MyEMA[1] > 1 then //Bullish Market
ExitShort at Market
EndIf
    david24 thanked this post
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Ask for a protective breakout support


ProOrder: Automated Strategies & Backtesting

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david24 @dav24p Participant
Summary

This topic contains 1 reply,
has 2 voices, and was last updated by JS
4 years, 2 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 12/08/2021
Status: Active
Attachments: 1 files
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