Hi all,

Here’s my code. Strategy looks pretty good but unable to get the code to work. The idea is a range is set by a longer than average (1.5xaverage of last 20bars) bar.

A trade is then entered following a close outside of the limits (high or low) of this undecided bar.

If higher a buy trade is entered, if lower a sell trade is executed.

The stop strategy is simple and looks effective. It uses either the low of the undecided bar if a buy is activated (or the high of the undecided bar if sell is activated).

However 1 major and 1 minor problem

1. The code doesnt work
2. The pprofit distance needs optimising

Fine tuning/help welcomed.

Thanks

Linden

Many

//-------------------------------------------------------------------------
// Main code : Undecided Bar as baseline
//-------------------------------------------------------------------------
// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated
DEFPARAM Preloadbars = 1000
Defparam Flatbefore = 143000
Defparam Flatafter = 210000

// Money Management
Capital = 10000
Risk = 0.05
StopLoss = atr// VARY TO DETERMINE RISK

//Calculate contracts
equity = Capital + StrategyProfit
maxrisk = round(equity*Risk)
PositionSize = abs(round((maxrisk/StopLoss+0.01)/PointValue)*pipsize)
if PositionSize >= 100 Then
PositionSize = 100
endif

atr = AverageTrueRange[20]*1.5

// Conditions to enter long positions

c1 = High[1] - Low[1] > atr

c2 = Close[1] - Open[1] > 0.5

c3 = High[1] - Close[1] > (Close[1] - Open[1]) *6

c4 = Open[1] - Low[1] > (Close[1] - Open[1]) *6

c5 = Close[0] - Open[0] > (High[0] - Max(Open[0],Close[0]))*0.5

IF c1 and c2 and c3 and c4 and c5 then
TopofBar = high[1]
Achat = 0
endif

If achat = 0 then
if open > TopofBar then
if onmarket = 0 then
buy positionsize lots at market
endif
endif
endif

Once Downstop = 1
Once Uptarget = 1
Downstop = Low[1] - 1
Uptarget = High[1] - Close[1]

// Conditions to exit long positions
Set Target pProfit Uptarget
Sell at Downstop stop

// Conditions to enter short positions

c6 = High[1] - Low[1] > atr

c7 = Close[1] - Open[1] < -0.5

c8 = High[1] - Open[1] > (Open[1] - Close[1]) *6

c9 = Close[1] - Low[1] > (Open[1] - Close[1]) *6

c10 = Open[0] - Close[0] > (Min(Open[0],Close[0]) - Low[0])*0.5





IF c6 and c7 and c8 and c9 and c10 and onmarket = 0 then
BottomofBar = low[1]
Vente = 0
endif

If Vente = 0 then
If open < BottomofBar then
If onmarket = 0 then
sellshort positionsize Lots at market
endif
endif
endif

// Conditions to exit short positions
Once Upstop = 1
Once Downtarget = 1

Upstop = High[1] + 1
Downtarget = Close[1]- Low[1]

Set Target pProfit Downtarget
Exitshort at Upstop stop