Hello all, as im starting towards finding super-simple codes and i came across this. Surprised to see it beat buy and hold with only 1 line for entry and 1 for exit. (plus a tiny bit money management)

Im 100% sure this could become alot better with some filters and better setups, just wondering what your take would be on this code. This is just a code trying to find simple ways to beat buy and hold.

Optimized variables:

Stop loss X pips

Exit after X bars

MFE trailing stop.

For entry and sell signal i used just the standard variables for bollinger band (boll mid = average 20 + boll up = 20

Picture is with 0.4 spread and on 250$ contracts (i got tons of trades open in the 1€ contract market. but i wanted to just show that it beats buy and hold (by alot if u take risk/reward into the picture. buy and hold has a huge drawdown in 2008 period vs this code.

So my whole idea behind this code was just if i buy every time close moves above MA 20, i would catch 100% all trends going up. And i wanted to sell when the momentum is changing from “trending up” to “trend might be done” without giving up too much.

Things that would improve it greatly:

• Reduce bad trades by adding filters to avoid choppy areas
• Increase avg win by adding filters/rules to get better entries
• Better money management

// Definition of code parameters
// SnakeCharmer V 1 - by user JEBUS89 ProRealCode 11.03.2019
DEFPARAM CumulateOrders = False // Cumulating positions deactivated


if onmarket and BARINDEX-TRADEINDEX(1)>=20 then
SELL AT MARKET
EXITSHORT AT MARKET
endif

set stop ploss 100


// Conditions to enter long positions
buysignal = (close CROSSES OVER Average[20](close))

IF buysignal THEN
BUY 1 CONTRACT AT MARKET
ENDIF

// Conditions to exit long positions
sellsignal = (close CROSSES under BollingerUp[20](close))

IF sellsignal THEN
SELL AT MARKET
ENDIF



//************************************************************************
// MFE trailing stop function
//************************************************************************
///trailing stop
trailingstop =  12
StartTrailingStopValue = 10

//resetting variables when no trades are on market
if not onmarket then
MAXPRICE = 0
priceexit = 0
endif
 
 
 
//case LONG order
if longonmarket then
MAXPRICE = MAX(MAXPRICE,close) //saving the MFE of the current trade
if close-tradeprice(1) > StartTrailingStopValue*pointsize then
if MAXPRICE-tradeprice(1)>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then
priceexit = MAXPRICE-trailingstop*pointsize //set the exit price at the MFE - trailing stop price level
endif
endif
endif
 
//exit on trailing stop price levels
if onmarket and priceexit>0 then
EXITSHORT AT priceexit STOP
SELL AT priceexit STOP
endif

snakecharmer.png