Breakout M5 / H4 Nasdaq

• 11/05/2021 at 2:48 PM #181049
  MauroPro

  timeframe(4 hour, updateonclose)

  barCount = barIndex

  …

  //——————————

  timeframe (5 minutes, updateonclose) // TF default

  once tradeOn = 1

  if intradayBarIndex = 0 then

  tradeOn = 1

  endif

  tradeBar = barCount

  if  not onMarket and tradeBar<>tradeBar[1] then

  tradeOn = 1

  endif

  …

  //———————————————————

  https://www.prorealcode.com/topic/mtf-one-trade-per-bar/#post-95908

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  phoentzs

  

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  11/05/2021 at 2:52 PM #181050
  phoentzs

  cummulate = false

  

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  11/05/2021 at 2:53 PM #181051
  MauroPro

  Snippet n. 3

  https://docs.google.com/spreadsheets/d/1rgboqj7sVwsP9ZRhOduOefye48QMWC07jWVXCl-KJPU/edit#gid=0

  This code allow max one operation every 4H.

  

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  11/05/2021 at 3:55 PM #181052
  GraHal

  If you / anybody clicks in cell H1 (in the spreadsheet below) then you can copy a link that looks like this …

  Snippet Link Library

  

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  11/05/2021 at 4:11 PM #181054
  nonetheless

  phoentzs wrote:

  cummulate = false

  you mean that you don’t want it to enter, get stopped out, and then enter again in the same candle? For that you can use Mauro’s code.

  

  nonetheless

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  11/05/2021 at 8:05 PM #181072
  phoentzs

  Here is my version, built with my capabilities. Not as filigree as the nonethless version. But similar overall result. Let’s see which one looks better in a month?

  Some additional things are built in:
  1 trade per H4 bar
  red / green candle separated
  Fridays with profit from the market
  EMA15 used (“typicalprice” is important here)
  Significantly smaller stop loss for less risk
  WF until May, from then on it’s OOS

  I get the best results in the M5 with a simple breakeven. But I can’t get rid of the drawdown in September. Maybe there is still a good filter against it?
  The result does not really improve with trailing stoploss.
  Are there any suggestions for solutions or improvements? Anyway, it seems to be worth it.

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  Midlanddave

  

  phoentzs

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  11/05/2021 at 8:35 PM #181076
  nonetheless

  phoentzs wrote:

  similar overall result

  ???

  this is mine from the same period, with positionsize = 1

  (the previous were 0.5)

  

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  11/05/2021 at 8:47 PM #181078
  NordicAlgos

  What differ ur (nonetheless) NAS-5m-Breakout-v4.4T and this backtest …v3

  

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  11/05/2021 at 8:51 PM #181079
  nonetheless

  v4.4T is cumulative orders = true

  this one says v3 but it’s the same as v2 above, cumulative orders false

  

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  11/05/2021 at 8:58 PM #181080
  NordicAlgos

  U are all great.  Possible to get a version of this algo with september in gain?

  

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  11/05/2021 at 9:35 PM #181084
  phoentzs

  @nonethless Sure, your result looks better. I’m not a master either. It’s also not about measuring yourself against each other. But to come to a similar goal in several ways. I took the route with a small stop loss and a lot of small wins. Unfortunately without a trailing stop. You the way with a big SL. No idea which variant is more robust. But we are struggling with the same problematic market phases. September … do you have an idea?

  

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  11/05/2021 at 9:41 PM #181085
  phoentzs

  Round 2 with an SP500 version? 😉

  

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  11/05/2021 at 9:54 PM #181086
  nonetheless

  sorry if that came across as ‘competitive’ – I’m really not 😎

  I wouldn’t give september a second thought. I took some losses too, but look what followed – a five week bull run. I’ve gained more in just the past week than whatever I lost in September. That’s just the way it goes. Gotta keep one eye on the bigger picture.

  And yes, no reason your breakout idea shouldn’t work elsewhere – DAX, DJ, SP …

  

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  11/05/2021 at 9:55 PM #181088
  NordicAlgos

  Rules are cumulative orders = false?

  

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  11/05/2021 at 10:11 PM #181092
  phoentzs

  All right, I am grateful for your help. I have been trading such breakouts manually for a long time. And it’s good to know that it also works automatically. I let the Algos run in demo for 4 weeks and then maybe you can try a live version.

  

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