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London Open Breakout

othello · 2019-09-10T14:33:21+00:00

This code, applied to the EurUsd with time frame H1, does not always produce the correct behavior. The logic of the operation should be well described by the comments in the code. If necessary, however, I am here to integrate the missing information. For example, on August 29th (candle at 7:00 pm) last, he makes a sale and a purchase, inside the same candle. But in the previous candle the conditions for entering the market were already false. Another example is that of last September 2nd (7:00 am candle): all three conditions are verified and in the next candle a sale should take place as there is a rupture of the lower end of the canal. But this does not happen. Can anyone help me understand? Thank you. Defparam cumulateorders = false // At 5 am I define the width of the canal (RangeBreakout) and its extremes (HH and LL) // Furthermore, I set the TradeLong and TradeShort variables to zero IF TIME = 050000 THEN HH = highest[8](high) LL = lowest[8](low) TradeLong = 0 TradeShort = 0 RangeBreakout = HH-LL ENDIF //I define the condition that requires working in a specific time interval Condtime = time >= 050000 AND time LL // If the Condchannel and CondTime conditions are met ... IF Condtime and Condchannel THEN IF TradeLong = 0 THEN buy at HH stop //... and if the system is not Long, then buy at the breaking of the upper end of the channel ELSIF TradeShort = 0 THEN sellshort at LL stop //... and if the system is not Short, then it sells at the breaking of the lower end of the channel ENDIF ENDIF // If the position is long, set the value of the TradeLong variable to 1 IF longonmarket THEN TradeLong = 1 ENDIF // If the position is short, set the value of the TradeShort variable to 1 IF shortonmarket THEN TradeShort = 1 ENDIF // Set a stop loss equal to the width of the channel set stop loss RangeBreakout // Set a profit equal to a percentage of the channel width set target profit RangeBreakout*Tgt graph Condtime graph Condchannel graph TradeLong graph TradeShort graph HH graph LL

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ProOrder: Automated Strategies & Backtesting
London Open Breakout

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09/11/2019 at 11:10 AM #107178 quote

Vonasi
Moderator

Master

GraHal wrote:

I don’t use spread = 4 on all markets

Yes – my advise to stress test your strategy with ever increasing spread has to be done within what would be normal expected spreads for that market. Testing the EURUSD with a 4 pip spread would kill virtually every strategy. If you have one that can survive it then I want that code!

09/11/2019 at 11:22 AM #107181 quote

othello
Participant

Senior

Vonasi, your message is even clearer.
Thank you
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London Open Breakout

ProOrder: Automated Strategies & Backtesting

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othello @othello Participant

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This topic contains 16 replies,
has 4 voices, and was last updated by othello
7 years ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	09/10/2019
Status:	Active
Attachments:	4 files

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London Open Breakout

Stuck on this ProBuilder code?

London Open Breakout ProOrder: Automated Strategies & Backtesting

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London Open Breakout

ProOrder: Automated Strategies & Backtesting