he rules of the 3-day high/low method/strategy

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05/29/2023 at 11:33 PM #215376 quote
Aragorna
Participant

Junior
Hi, can someone help me to create this famous Larry Conjnor strategy? thank’s in advance
The rules of the 3-day high/low method/strategy
the strategy is like this:
1. Today’s close must be higher than the 200-day moving average.
2. Today’s close must be lower than the 5-day moving average.
3. Two days ago both the high and low were lower than the day before.
4. Yesterday the high and low were lower than the day before.
5. Today the high and low are lower than yesterday.
6. If conditions 1-5 are true, then buy today at the close.
7. Exit at the close when the close is above the 5-day moving average.
05/30/2023 at 2:28 PM #215441 quote
JS
Participant

Senior
Hi,

Hereby the Larry Conner strategy “3 Day High Low”…

Report figures are nice except for the DrawDown…

You can’t buy or sell on the “Close”, it is always on the “Open” of the next bar…
```
DefParam CumulateOrders=False
TimeFrame(1 Day, UpdateOnClose)
C1=Close>Average[200](Close)
C2=Close<Average[5](Close)
C3A=High[2]<High[3]
C3B=Low[2]<Low[3]
C4A=High[1]<High[2]
C4B=Low[1]<Low[2]
C5A=High<High[1]
C5B=Low<Low[1]
If C1 and C2 and C3A and C3B and C4A and C4B and C5A and C5B then
Buy 1 contract at Market
EndIf
If Close>Average[5](Close) then
Sell at Market
EndIf
```
Schermafbeelding-2023-05-30-om-15.27.34.png
05/30/2023 at 9:47 PM #215458 quote

Aragorna
Participant

Junior

thank’s JS. MAybe is it possible to buy at close, for example at 21.30 last half an hour? so, strategy works in 30 min timeframe and to use Dhigh and Dlow in strategy?

07/12/2023 at 10:10 PM #217585 quote
ProRealAlgos
Participant

Junior
The Larry Connor 3-day high/low method/strategy for DAX. I added a stoploss of 1.4% and code to exit trade if the low of today is bigger than the low of yesterday if the high of today is lower than the high of yesterday. I also added another entry condition to only enter the trade if low of today is smaller than yesterday XOR the high of today is lower than the high of yesterday. Runs on the daily timeframe on DAX40. Backtest for 200k units attached,
```
DefParam CumulateOrders=False
TimeFrame(1 Day, UpdateOnClose)
C1=Close>Average[200](Close)
C2=Close<Average[5](Close)
C3A=High[2]<High[3]
C3B=Low[2]<Low[3]
C4A=High[1]<High[2]
C4B=Low[1]<Low[2]
C5A=High<High[1]
C5B=Low<Low[1]

If C1 and C2 and C3A and C3B and C4A and C4B and C5A and C5B then
Buy 1 contract at Market
SET STOP %LOSS 1.4
EndIf

If Close>Average[5](Close) and (dlow(0) < dlow(1) xor dhigh(0) < dhigh(1)) then
Sell at Market
EndIf

if dlow(0) > dlow(1) and dhigh(0) < dhigh(1) then
sell at market
endif
```
ddax.png
07/13/2023 at 2:57 PM #217603 quote

Razz
Participant

Master

Hello when I want to insert the code I get a lot of errors? What is the cause?
Fehler-Code.png

07/13/2023 at 3:29 PM #217605 quote

PeterSt
Participant

Master

It looks like you are programming this in an Indicator, while the commands you use (from ProRealAlgos) are meant to be for a Backtesting & Autotrading system (see mouse arrow below).
Razz thanked this post

image_2023-07-13_162859662.png

07/13/2023 at 4:06 PM #217609 quote

robertogozzi
Moderator

Master

As from the attached pic, lick the COPY icon to automatically select the code, then press Ctrl+C to copy the text into the clipboard to later paste it in the platform or a text file of your choice.
x-7.jpg

07/13/2023 at 5:25 PM #217618 quote

Razz
Participant

Master

Hello PeterST Thanks for your help I accidentally wanted to actually create it as an indicator, how stupid of me.

07/14/2023 at 9:53 PM #217671 quote
ProRealAlgos
Participant

Junior
One of our customers just contacted us, apparently this strategy works quite good on DAX on the 1-minute timeframe with only some minor adjustments. Add these two extra parameters for the code, remove the timeframe-row and you will get a backtest looking like the attached images.
```
noEntryBeforeTime = 080000
noEntryAfterTime = 171500
```
8ee5fc_c95dcad32ff1434482fb105f4b96d310mv2.jpg 8ee5fc_e3fe9d799ed843aaabfbfddc827f661bmv2.jpg 8ee5fc_4f4d77725dc8491a8a3b386fa62639f7mv2.png
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