Breakout indicator

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  • 12/22/2017 at 10:11 AM #56347 quote
    andy6t6
    Participant
    Junior

    the “xx” is a value added to the stop – to stop spikes – so what ever the opposite high/low level was (which now becomes the stop level) “xx” pts will be added

    12/22/2017 at 10:42 AM #56353 quote
    GraHal
    Participant
    Master

    Strat has opened a Buy Stop Order on the DAX at 13110 which is 1 point above the highest point reached between  times below. I can’t figure out how it is working as I was expecting the 16 points to feature somewhere!!? 🙂

    But it’s logical amyway as if it gets past that ‘highest high’ then we have a good breakout and it’ll probably whoosh onwards and upwards and make us enough to buy, well … a round of drinks!!! 🙂 🙂 🙂

    begintime=070000
endtime=083500
XX=16
    12/22/2017 at 11:28 AM #56357 quote
    andy6t6
    Participant
    Junior

    any thoughts on how the stop could be manually written rather than it just taking the opp high/low?

    would be handy for back testing to enter a max stop as it seems to run some pretty hefty stops on larger time frames…or maybe a maximum stop?

    12/23/2017 at 12:16 AM #56406 quote
    GraHal
    Participant
    Master

    12 hours away from the screen (and no tv on while looking at the code! 🙂 has done me good … it’s straightforward how the Strat works and the xx value features in the exit stops (sell / exitshort).

    andy6t6 you say … any thoughts on how the stop could be manually written rather than it just taking the opp high/low? … I take it you mean exit stops? Well you could just use below?

    SET STOP PTRAILING xx
OR
SET STOP PLOSS xx
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Breakout indicator


ProBuilder: Indicators & Custom Tools

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Henry @henry Participant
Summary

This topic contains 18 replies,
has 4 voices, and was last updated by GraHal
8 years, 1 month ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 12/18/2017
Status: Active
Attachments: 7 files
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