Breakout Strategy for the Dax and Dow Open – Trader Tom

murre87 · 2021-11-09T05:51:38+00:00

https://tradertom.com/breakout-strategy-for-the-dax-and-dow-open/ The world’s simplest strategy but which is proven to make money in the long run. Breakout of the DAX index Observe DAX pre-market from 7am until 07.59am. Mark the high and the low of those 59 minutes of trading. Place a BUY order at the high of the 59 minutes observation period. Place a SELL SHORT order at the low of the 59 minutes observation period. This obviously needs to be done in the minute before the market opens.You need to be quick. You risk 9 points. Your target is to make 6 points.If one order is filled, I cancel the other. Some do not. I do. Breakout of Dow Open Observe Dow pre-market from 13:30 until 14:29. Mark the high and the low of those 59 minutes of trading. Place a BUY order at the high of the 59 minutes observation period. Place a SELL SHORT order at the low of the 59 minutes observation period. This obviously needs to be done in the minute before the market opens. You need to be quick. You risk 9 points. Your target is to make 6 points, but I always go for more. Would this be possible to code?

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11/11/2021 at 10:23 AM #181438 quote

smp
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Average

murre87 wrote:

Not left it. Just read all ur comments and im happy tho topic made an ipmpact on u 😊

Just trying to help you out with your query fella! 😁

11/11/2021 at 10:28 AM #181439 quote

phoentzs
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Master

I suspect a “classic” open range breakout with SL in the middle of the channel or at the other end will give better results. Maybe a little more robust in the long term.

11/11/2021 at 10:39 AM #181440 quote

phoentzs
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Master

I once subscribed to a signal service for the Dax … it set a LimitOrder 30Pips in the M5 chart at 08:55 under the close of the candle with SL30 / TP40. This is then fished and triggered sometime after 09:00. The joke is, it’s still profitable today, years later. I have no idea what settings he is using today. In any case, I never understood back then how he filters the entry to get the trend direction out … That just as a side note, because it just occurred to me.
All German time, by the way.

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11/11/2021 at 10:53 AM #181441 quote

nonetheless
Participant

Master

Vincent’s 2min version starts to look credible (first pic).

In the 2nd pic I tweaked the numbers, squeezed a bit more out of it. Trailing stop is def worth trying.

The biggest problem with this kind of algo (as someone already mentioned) is the slippage. The backtest might say you’ve bought at the opening price, but in real life what you get is 6 or 8 points worse.

@VinzentVega

Note that I changed the MM from what you had (a code that I wrote). I’m no longer using that one, especially with the settings you have – that will blow up your account for sure 😎

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Early-Bird-DAX-V1.3.jpg Early-Bird-DAX-2m-V1.4.jpg Early-Bird-DAX-2m-V1.4.itf

11/11/2021 at 12:09 PM #181448 quote

nonetheless
Participant

Master

another problem – there’s something not right with the embedded spread code. It seems to make sense but when I take that out and just tick the box for 1.2 as usual, the results are much worse.

this would need lengthy testing in demo to get a clearer picture.

11/11/2021 at 12:24 PM #181449 quote

VinzentVega
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Veteran

nonetheless wrote:

another problem – there’s something not right with the embedded spread code. It seems to make sense but when I take that out and just tick the box for 1.2 as usual, the results are much worse.

Well, thats true. I don´t have any idea, where this diffrent came from.

11/11/2021 at 12:38 PM #181450 quote

GraHal
Participant

Legend

I’m not following this Thread 100% and not read the code, but with spread = 1.2 embedded in the code … is the code accounting for 0.6 spread when buy and then 0.6 when sell (vice versa with shorts).

Above is how spread = 1.2 entered in the backtest engine works and in Real Live trades.

11/11/2021 at 1:01 PM #181451 quote
murre87
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Senior
Hi.

GraHal Just to be clear. What exactly do u mean with:

“Above is how spread = 1.2 entered in the backtest engine works and in Real Live trades”

With Spread in code like this:
```
Spread=1.2
```
Or Check the box with spread and remove code about spred?
11/11/2021 at 1:18 PM #181453 quote

GraHal
Participant

Legend

Yes, but there is more code related to usage of Spread than just Spread = 1.2 (as Spread = X in the code means nothing to PRT as Spread is not a ‘PRT Reserved Term’) /

I’m sure there is more code than just Spread = 1.2 in the System Code … I’m just saying.

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