IDNR4 STRATEGY

• 06/16/2017 at 1:58 PM #38448
  enzo_52

  HI , I wanted to ask SOMEONE, if I’m not too disturbed, TO SOMEONE GOOD IN the break-out strategies, if you could tell me how to modify the following code of a TS on the IDNR4 pattern,the TS goes long to overcome of candle -high ,and sellshort to inverse conditions, but IDRN4 writer says that if we enter long (or shortsell) and prices go-back and break the minimum of the same set- Up candle the system close the trade long and open sell-short , the author says it could have up to 3 false breaks after which the Ts goes flat

   

  THANKS

   

  ID = high<high[1] and low>low[1] rang = range NR4 = rang<range[1] and rang<range[2] and rang<range[3] if NR4 then test = 1 hh = highest[4](high) ll = lowest[4](low) endif if test = 1 then BUY 1 SHARE AT hh STOP SELL 1 SHARE AT ll STOP endif if longonmarket then SELL AT ll STOP test = 0 elsif shortonmarket then EXITSHORT AT hh STOP test = 0 endif

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

  ID = high<high[1] and low>low[1] rang = range NR4 = rang<range[1] and rang<range[2] and rang<range[3]   if NR4 then test = 1 hh = highest[4](high) ll = lowest[4](low) endif   if test = 1 then BUY 1 SHARE AT hh STOP SELL 1 SHARE AT ll STOP endif   if longonmarket then SELL AT ll STOP test = 0 elsif shortonmarket then EXITSHORT AT hh STOP test = 0 endif

   

   

  

  enzo_52

  Participant

  Topics: 21

  Replies: 76

  Been thanked: 0 times
  12/11/2020 at 2:40 AM #153301
  robertogozzi

  I just read this topic.

  Line 5 should be replaced by:

  if ID and NR4 then

  1	if ID and NR4 then

  In any case, this is the correct code, modified as you requested, no more than 3 trades until a new patterns occurs. I also added a Target Profit equal to the range HH-LL  (not tested):

  DEFPARAM CumulateOrders = false ID = high<high[1] and low>low[1] NR4 = range<range[1] and range<range[2] and range<range[3] if ID and NR4 then count = 0 hh = highest[4](high) ll = lowest[4](low) endif If StrategyProfit <> StrategyProfit[1] then count = count + 1 endif if count < 3 then If not LongOnMarket THEN BUY 1 SHARE AT hh STOP Elsif not ShortOnMarket THEN SELLSHORT 1 SHARE AT ll STOP Endif SET TARGET PROFIT hh - ll endif

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

  DEFPARAM CumulateOrders = false ID   = high<high[1] and low>low[1] NR4  = range<range[1] and range<range[2] and range<range[3] if ID and NR4 then    count = 0    hh    = highest[4](high)    ll    = lowest[4](low) endif If StrategyProfit <> StrategyProfit[1] then    count = count + 1 endif if count < 3 then    If not LongOnMarket THEN       BUY       1 SHARE AT hh STOP    Elsif not ShortOnMarket THEN       SELLSHORT 1 SHARE AT ll STOP    Endif    SET TARGET PROFIT hh - ll endif

   

  1 user thanked author for this post.

  GraHal

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17778

  Been thanked: 4428 times
• Author
  Posts