Simple share breakout system

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  • 07/02/2016 at 11:58 AM #10104 quote
    colydog
    Participant
    New

    Hi all

    new member.

    daily breakout for shares using daily timeframe.

    Using chande kroll stop as trailing stop.

    position entry is based on 5 times ATR. the % risk is a variable.

     

    // Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

REM Money Management
Capital = 40000
Risk = (a)
StopLoss = Myrange //

Myrange = (AverageTrueRange[14](close) * 5)

REM Calculate contracts
equity = Capital + StrategyProfit
maxrisk = round(equity*Risk)
PositionSize = abs(round((maxrisk/StopLoss)))

// Conditions to enter long positions
indicator1 = Volume
c1 = (indicator1 > 200000)

indicator2 = Average[40](close)
indicator3 = Average[120](close)


c2 = (indicator2 > indicator3)

indicator5 = (highest[40] (high[1]))
c4 = (close >= indicator5)

IF c1 AND c2 AND c4 THEN
BUY PositionSize SHARES AT MARKET
ENDIF

// Conditions to exit long positions




IF CLose Crosses Under ChandeKrollStopUp[20,20,4] THEN
SELL AT MARKET
ENDIF

// Stops and targets
    grizzly and Nicolas thanked this post
    07/04/2016 at 8:38 AM #10160 quote
    Nicolas
    Keymaster
    Master

    Hi colydog,

    Thanks for joining in and sharing your strategy.

    I can see you are using volumes to determine your trade enter conditions. Do this strategy is for stocks only? Do you know some tickers that perform well with your code? Thanks again.

    07/05/2016 at 10:59 AM #10223 quote
    colydog
    Participant
    New

    hi there

     

    have only used it for stocks at the moment. it is a very basic system that just tries to jump on the back of trends and where the movement is

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Simple share breakout system


ProOrder: Automated Strategies & Backtesting

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colydog @colydog Participant
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This topic contains 2 replies,
has 2 voices, and was last updated by colydog
9 years, 7 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 07/02/2016
Status: Active
Attachments: No files
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