Simple ADX and Day High/Low breakout

• 05/25/2020 at 10:22 AM #133103
  BobFlynn

  Very simple strategy based on Kevin Davey book , I simply used his entry with ADX and a breakup/down of previous days value. See the code below :

  DEFPARAM CumulateOrders = False // Position Size N = 2 lookbackbars = 10 ADXentry = ADX[15]<20 IF ADXentry THEN BUY N CONTRACTS AT HIGHEST[lookbackbars](high) STOP SELLSHORT N CONTRACTS AT LOWEST[lookbackbars](low) STOP ENDIF SET STOP pLOSS 90 %trailing 0.4

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  DEFPARAM CumulateOrders = False // Position Size N = 2   lookbackbars = 10 ADXentry = ADX[15]<20 IF ADXentry THEN BUY N CONTRACTS AT HIGHEST[lookbackbars](high) STOP SELLSHORT N CONTRACTS AT LOWEST[lookbackbars](low) STOP ENDIF   SET STOP pLOSS 90 %trailing 0.4

   

   

  I’m sure there is a lot of ways to improve it. I’m currently to convert my stoploss into a trailing stoploss (as I have a limited account with IG, the trailing function isnt allowed). Also for accounts like mine, you will need to launch a LONG only and SHORT only version, as you can’t put two orders in opposite direction.

  

  BobFlynn

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  09/25/2020 at 11:45 AM #145347
  robertogozzi

  Line 12 is not allowed, since you are using two different forms to set a SL, you should use SET STOP pLOSS or SET STOP %TRAILING.

  But almost everybody use external code snippets to replace the built-in SET STOP TRAILING.

  You can simply add lines 17-56  (unchanged) from this link https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/, then change only the settings for TRAILINGSTART and TRAILINGSTEP.

   

   

   

  

  robertogozzi

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  09/25/2020 at 12:14 PM #145355
  MAKSIDE

  i will check that. problem with breakout is having lot of losing trades

  What is the WF result about that ?

  I don’t have the book Entry and Exit Confessions of a Champion Trader but it’s a very interesting trader

  

  MAKSIDE

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  09/25/2020 at 2:57 PM #145398
  Léo

  Hello

  Cf the code including trailing stop as suggested by Roberto

  //Simple ADX and Day High/Low breakout //Very simple strategy based on Kevin Davey book //BobFlynn //Trailing stop function from Nicolas https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/ DEFPARAM CumulateOrders = False // Position Size N = 2 lookbackbars = 10 ADXentry = ADX[15]<20 IF ADXentry THEN BUY N CONTRACTS AT HIGHEST[lookbackbars](high) STOP SELLSHORT N CONTRACTS AT LOWEST[lookbackbars](low) STOP ENDIF //************************************************************************ //trailing stop function trailingstart = 90 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //************************************************************************ //GRAPH newSL as "trailing"

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  //Simple ADX and Day High/Low breakout //Very simple strategy based on Kevin Davey book //BobFlynn //Trailing stop function from Nicolas https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/   DEFPARAM CumulateOrders = False // Position Size N = 2 lookbackbars = 10 ADXentry = ADX[15]<20 IF ADXentry THEN BUY N CONTRACTS AT HIGHEST[lookbackbars](high) STOP SELLSHORT N CONTRACTS AT LOWEST[lookbackbars](low) STOP ENDIF   //************************************************************************ //trailing stop function trailingstart = 90 //trailing will start @trailinstart points profit trailingstep = 5 //trailing step to move the "stoploss" //reset the stoploss value IF NOT ONMARKET THEN newSL=0 ENDIF //manage long positions IF LONGONMARKET THEN //first move (breakeven) IF newSL=0 AND close-tradeprice(1)>=trailingstart*pipsize THEN newSL = tradeprice(1)+trailingstep*pipsize ENDIF //next moves IF newSL>0 AND close-newSL>=trailingstep*pipsize THEN newSL = newSL+trailingstep*pipsize ENDIF ENDIF //manage short positions IF SHORTONMARKET THEN //first move (breakeven) IF newSL=0 AND tradeprice(1)-close>=trailingstart*pipsize THEN newSL = tradeprice(1)-trailingstep*pipsize ENDIF //next moves IF newSL>0 AND newSL-close>=trailingstep*pipsize THEN newSL = newSL-trailingstep*pipsize ENDIF ENDIF //stop order to exit the positions IF newSL>0 THEN SELL AT newSL STOP EXITSHORT AT newSL STOP ENDIF //************************************************************************ //GRAPH newSL as "trailing"

   

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