Heiken Ashi H1 strategy

• 09/10/2018 at 11:09 AM #80015
  Glen Marquis

  Based on HeikenAshi entry point. Equity curve could be worse.

  

  Glen Marquis

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  09/10/2018 at 11:19 AM #80079
  Nicolas

  Thank you Glenn for sharing this code with us. I post the code below for a better comprehension of the strategy:

  ONCE Bull = 2 ONCE Bear = 2 ONCE xOpen = 0 xClose = (Open+High+Low+Close)/4 if(barindex>2) then xOpen = (xOpen[1] + xClose[1])/2 endif c1 = xClose>xOpen[1] c2 = xClose<xOpen[1] IF c1 THEN Bear = 0 Bull = Bull + 1 if not onmarket then buy 1 perpoint at market endif ELSIF c2 THEN Bull = 0 Bear = Bear - 1 if not onmarket then sellshort 1 perpoint at market endif ELSE // IF xClose and xOpen are exactly the same value ENDIF set target pprofit 20 //set stop ploss 25

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  ONCE Bull = 2 ONCE Bear = 2 ONCE xOpen = 0 xClose = (Open+High+Low+Close)/4 if(barindex>2) then xOpen = (xOpen[1] + xClose[1])/2 endif c1 = xClose>xOpen[1] c2 = xClose<xOpen[1] IF c1 THEN Bear = 0 Bull = Bull + 1 if not onmarket then buy 1 perpoint at market endif ELSIF c2 THEN Bull = 0 Bear = Bear - 1 if not onmarket then sellshort 1 perpoint at market endif ELSE // IF xClose and xOpen are exactly the same value   ENDIF   set target pprofit 20 //set stop ploss 25

  IMO, a major problem with the strategy is that there is no stoploss or no closure of any kind (except the 20 points takeprofit) and because you are waiting to be not on market anymore to open a contrarian order. So depending on when you launch the strategy, the order could last forever, waiting for the price to give us our 20 points.. but it can also never happen like in the attached example, sorry for that 🙁

  

  Nicolas

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