A strategy around 3 lines break on stocks daily

• 08/30/2021 at 8:52 PM #176497
  Swingueur

  Hello,

  I recently discovered the 3 lines break chart, and got pretty seduced by the simplicity and the clean trends highlighted.

  After watching some videos and finding some indicator code, I decided to assess the idea for a strategy on stocks in a Probacktest code, which was published thanks to @Nicolas

  https://www.prorealcode.com/prorealtime-trading-strategies/3-lines-break-reversal-strategy-on-trending-stocks/

  Initially, the strategy was with TP = 1 SL distance (SL being the last low when 3 lines break is reversing), but included several exit conditions to compare results.

  Would appreciate some feedback, to continue to improve the strategy.

  Fabrice

   

   

   

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  Marcotipiak, Nicolas

  

  Swingueur

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  08/30/2021 at 9:39 PM #176503
  phoentzs

  Nice code. Some snippets look familiar to me from Doctrading. 😁 A good man. I myself am currently following candlestick in the timeframe daily and use it as a trend indicator in shorter time frames up to M5. With terrifying results.

  

  phoentzs

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  08/31/2021 at 8:44 AM #176515
  Nicolas

  Thank you for opening this topic. I moved it into the ProOrder section, that’s where same kind of discussions (improve strategy) take place usually.

  

  Nicolas

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