Swing Hi-Lo DAX weekly mtf

This a simple (basic) strategy to exploit any swing HIGH & LOW occurring in the weekly TF.

This strategy may stay ONMARKET even more than 1 year!  Owing (or due ?) to high TP & SL there’s no advantage in backtesting it in tick-by-tick mode.

I suggest using the 2 or 4-hour TF as default to launch the strategy.

Experimenting is left to anyone to improve it.

TIMEFRAME (weekly, updateonclose)
//                      Swing High - Low
ONCE LookBack = 50                              //50   bars to make sure SWINGs have enough empty space to their left
ONCE MaxBars  = 2                               //2    bars to keep holding SWING valid
ONCE MaxHigh  = 0
ONCE MinLow   = 0
//    Swing HIGH
Hi =        high[1] = highest[LookBack](high)
Hi = Hi AND low[1]  = highest[3](low)
Hi = Hi AND close < open
//    Swing LOW
Lo =        high[1] = lowest[3](high)
Lo = Lo AND low[1]  = lowest[LookBack](low)
Lo = Lo AND close >= open
//
IF Hi OR Lo THEN
   MaxHigh = highest[3](high)
   MinLow  = lowest[3](low)
ENDIF
x = summation[MaxBars](Hi)
y = summation[MaxBars](Lo)
////////////////////////////////////////////////////////////////////////
TIMEFRAME (default)                             //2 or 4-hour TF suggested
ONCE nLots              = 1
ONCE Multiplier         = 4.0                   //4.0
DaysForbidden           = OpenDayOfWeek < 1 OR OpenDayOfWeek > 5
TimeForbidden           = OpenTime < 090000 OR OpenTime > 190000
//                           LONG  trades
a = y AND close < MaxHigh AND close > MinLow
IF a AND Not OnMarket AND Not DaysForbidden AND Not TimeForbidden THEN
   SL = (close - MinLow) / pipsize
   TP = SL * Multiplier
   BUY nLots CONTRACT AT MARKET
ENDIF
//                           SHORT trades
b = x AND close > MinLow AND close < MaxHigh
IF b AND Not Onmarket AND Not DaysForbidden AND Not TimeForbidden THEN
   SL = (MaxHigh - close) / pipsize
   TP = SL * Multiplier
   SELLSHORT nLots CONTRACT AT MARKET
ENDIF
SET TARGET pPROFIT TP
SET STOP   pLOSS   SL

x.jpg Swing-Hi-Lo-DAX-Weekly-mtf.itf