IDNR4 STRATEGY

enzo_52 · 2017-06-16T12:58:22+00:00

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 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

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

Senior
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
```
12/11/2020 at 2:40 AM #153301 quote
robertogozzi
Moderator

Legend
I just read this topic.

Line 5 should be replaced by:
```
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
```
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