While searching for profitable strategies, I came across something really simple in various forums and websites.
Basically it’s a trend following system and here we are only looking at the long side.
The trend is long when the price is above a higher average.
If the trend is long we take a long position after the morning tussle in the Dax at a late lunch. We hold the position overnight until the next morning and then liquidate it.
In my systems I like to set a filter after the time. Here for seasonal reasons some months and because of the over-weekend-risk friday are excluded.
As an explanation can be considered that the Dax follows the strong development of the S&P500 and DowJones shortly before and with their opening bell.
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//------------------------------------------------------- // late lunch trade // instrument dax40 // timezone europe, berlin // timeframe 30m // created and coded by JohnScher //------------------------------------------------------- defparam cumulateorders= false //defparam flatafter = 213000 // works too once ordersize = 1 tm = openmonth <> 6 and openmonth <> 7 and openmonth <> 8 td = opendayofweek >= 1 and opendayofweek <= 4 tt = time = 133000 c = close > exponentialaverage [6] (close) if tm and td and tt and c then buy ordersize contracts at market endif if onmarket and time = 080000 then sell at market endif set target %profit 1.5 // until then |
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Hallo JohnScher
there isn’t any SL, is it a choice or you didn t find any accurate ?
An SL is not needed. If necessary, you can use an optimized SL.
Short variant, see at
https://www.prorealcode.com/topic/late-lunch-trade-dax40-strategy/
Hi JohnScher,
Thanks a lot for your contribution.
Consider this release to avoid overfit.
Some others suggestions?
Kind Regards.
//——————————————————-
// late lunch trade
// instrument dax40
// timezone europe, berlin
// timeframe 30m
// created and coded by JohnScher
//——————————————————-
defparam cumulateorders= false
EntraLong=1
EntraShort=1
TagliaPosizione=1
MySL=3
MyTP=3
time2trade = time = 133000
TriggerL = close > exponentialaverage [6] (close)
TriggerS = close < exponentialaverage [6] (close)
PatternL=rsi[2](Close)>65
PatternS=not (dlow(1)>dlow(5))
if EntraLong AND time2trade AND TriggerL AND PatternL then
buy TagliaPosizione contracts at market
endif
if EntraShort AND time2trade AND TriggerS AND PatternS then
sellshort TagliaPosizione contracts at market
endif
ExitL=time=080000
ExitS=time=213000
If LongOnMarket AND ExitL then
sell at market
endif
If ShortOnMarket AND ExitS then
exitshort at market
endif
If OnMarket AND MySL>0 then
set stop %loss MySL
endif
If OnMarket AND MyTP>0 then
set target %profit MyTP
endif
Thank you so much for exploring the Late Lunch Strategy.
For discussion and in answer to your question, see here
https://www.prorealcode.com/topic/discuss-the-late-lunch-strade-dax40-strategy/