ES/DJIA system.

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10/10/2017 at 1:00 AM #48839 quote

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Would be interested to see if this ES/DJIA system works over a bigger time frame. It’s designed for 5 min bars. Can someone with more data please test and show the results?

cp = 4 //(default)
 
if high[cp] >= highest[2*cp+1](high) then
LH = 1
else
LH=0
endif
 
if low[cp] <= lowest[2*cp+1](low)  then
LL= -1
else
LL=0
endif
 
if LH=1 then
hil = high[cp]
endif
 
if LL  = -1 then
LOL=low[cp]
endif
 
z = hil-lol
zz = close-hil
x = zz<.1*z
//return lol coloured(255,0,0) as "Low Fractal",hil coloured(0,255,0) as "High Fractal"
a = close>hil and close[1]<hil[1]

IF NOT LongOnMarket AND a and x  THEN
BUY 10 CONTRACTS AT MARKET
ENDIF

//set the stoploss
buycond = NOT longonmarket and a and x
if buycond then

set target profit .9*((z-zz))
set stop loss  (z-zz)
endif

if z>60  then
set target pprofit (z-zz)/2
endif

10/10/2017 at 5:37 AM #48841 quote