EUR/USD 2 Hour Breakout strategy on price action

• 04/30/2018 at 5:09 PM #68926
  Mat

  2 Hour breakout strategy on price action. Goes long on 2 hour breakout with 50 Day EMA filter. Exits on either hitting Stop loss or Profit target or if price goes below 2 hour low of previous period. Opposite strategy for short trades.  This is my first time to post so feedback from other members will be great to have. Below is the code.

  DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 090000 timeEnterBefore = time >= noEntryBeforeTime // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 160000 timeEnterAfter = time < noEntryAfterTime // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 // Conditions to enter long positions c1 = (close CROSSES OVER high[1]) indicator1 = ExponentialAverage[50](close) c2 = (close > indicator1) IF (c1 AND c2) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry THEN BUY 1 CONTRACT AT MARKET ENDIF // Conditions to exit long positions c3 = (close < low[1]) IF c3 THEN SELL AT MARKET ENDIF // Conditions to enter short positions c4 = (close CROSSES UNDER low[1]) indicator2 = ExponentialAverage[50](close) c5 = (close < indicator2) IF (c4 AND c5) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Conditions to exit short positions c6 = (close > high[1]) IF c6 THEN EXITSHORT AT MARKET ENDIF // Stops and targets SET STOP pLOSS 25 SET TARGET pPROFIT 25

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  DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 090000 timeEnterBefore = time >= noEntryBeforeTime   // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 160000 timeEnterAfter = time < noEntryAfterTime   // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0   // Conditions to enter long positions c1 = (close CROSSES OVER high[1]) indicator1 = ExponentialAverage[50](close) c2 = (close > indicator1)   IF (c1 AND c2) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry THEN BUY 1 CONTRACT AT MARKET ENDIF   // Conditions to exit long positions c3 = (close < low[1])   IF c3 THEN SELL AT MARKET ENDIF   // Conditions to enter short positions c4 = (close CROSSES UNDER low[1]) indicator2 = ExponentialAverage[50](close) c5 = (close < indicator2)   IF (c4 AND c5) AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF   // Conditions to exit short positions c6 = (close > high[1])   IF c6 THEN EXITSHORT AT MARKET ENDIF   // Stops and targets SET STOP pLOSS 25 SET TARGET pPROFIT 25

   

   

   

  

  Mat

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  05/01/2018 at 9:27 AM #69544
  Eric

  You know of this?

  https://www.prorealcode.com/topic/tick-mode-help/

   

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  Mat

  

  Eric

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  05/01/2018 at 9:55 AM #69549
  GraHal

  Hi Mat

  Further to Eric’s comment, you need to have the Tick Mode box ticked  when backtesting to give results nearest to what you will get in Live Trades.

  For full details read Eric’s Ref, but see below how to tick the tick by tick box! 🙂

  Cheers
  GraHal
  PS If you make the change below you get attached equity curve, so your code / values has potential.

  SET STOP pLOSS 40 SET TARGET pPROFIT 120

  1 2	SET STOP pLOSS 40 SET TARGET pPROFIT 120

   

   

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  Mat

  

  GraHal

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