Simple Breakout strategy

• 06/30/2019 at 6:39 PM #101712
  Ivan Donatiello

  Hi everyone, I wanted to test this strategy:

  Long Entry:

  1 – Pending order on the daily maximum
  2 – Monetary stop loss
  3 – Take profit fixed at the level: yesterday’s maximum + yesterday’s ATR value

  Short entry all the opposite

  Tks

  

  Ivan Donatiello

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  06/30/2019 at 8:00 PM #101714
  robertogozzi

  1 – which day? Yesterday?

  2 – example? do you want it to be fixed or determined in which way?

   

  

  robertogozzi

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  06/30/2019 at 9:03 PM #101721
  Ivan Donatiello

  1 – of the last bar

  2 – We want both the stop loss and the take profit to be fixed and not to move anymore. Fixed at the entry level + a quantity of ATR for example ATR * 1.5

  So the rules of the system are:

  1 – Enter long at the breakout of the maximum of the last bar
  2 – Fixed monetary stop loss (example $ 100)
  3 – It sets take profit at an entry price level + a quantity of volatility calculated with a multiple of atr

  🙂

  

  Ivan Donatiello

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  07/01/2019 at 10:10 AM #101740
  robertogozzi

  There you go:

  DEFPARAM CumulateOrders = false MyAtr = AverageTrueRange[14](close) * 1.5 IF Not OnMarket THEN BUY 1 CONTRACT AT high[1] STOP SET STOP $LOSS 100 SET TARGET PROFIT MyAtr ENDIF

  1 2 3 4 5 6 7

  DEFPARAM CumulateOrders = false MyAtr = AverageTrueRange[14](close) * 1.5 IF Not OnMarket THEN    BUY 1 CONTRACT AT high[1] STOP    SET STOP   $LOSS  100    SET TARGET PROFIT MyAtr ENDIF

   

  

  robertogozzi

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  07/03/2019 at 9:43 PM #101921
  Ivan Donatiello

  Thank you Roberto for the help, but to enter the maximum of the previous day this is the exact code:

  DEFPARAM CumulateOrders = false MyAtr = AverageTrueRange[14](close) IF Not OnMarket THEN BUY 1 CONTRACT AT high[0] STOP SET STOP $LOSS 5000 SET TARGET PROFIT MyAtr ENDIF

  1 2 3 4 5 6 7

  DEFPARAM CumulateOrders = false MyAtr = AverageTrueRange[14](close) IF Not OnMarket THEN BUY 1 CONTRACT AT high[0] STOP SET STOP   $LOSS  5000 SET TARGET PROFIT MyAtr ENDIF

  high[0] to enter on the max of the previus day.

  Stop loss value it is variable based on its own operations.

  Well now I would like to try building a pyramid over it, which allows me to enter volatility multiples. For example, add a lot when the position reaches: Open Trade Price + ATR multiple.

  Do you think it’s possible?

  

  Ivan Donatiello

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  07/03/2019 at 11:50 PM #101928
  robertogozzi

  I don’t know who told you about HIGH[0] or where you read it, but it’s wrong whatever!

  [0] or NOTHING means the current bar (the one just closed, before the new one opens), so the bar before the current one is identified by [1].

  If you are using daily bars, at the end of today’s bar you strategy is executed, just before the new bar opens, so the bar tagged July 4th is the CURRENT bar identified by [0].

  I never dealt with pyramids, I know you can find several pieces of code about it searching this forum.

  In any case if you tell me what you want to do I’ll try to help.

  

  robertogozzi

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