About to give up… is PRT not the code for a simple breakout strategy?

• 01/30/2025 at 8:34 PM #243251
  Watanabix

  Hi Traders,

  I am feeling I am about to hit a brick wall… for several weeks I have tried to learn and asked for your help regarding a simple breakout strategy:

  1. go long above the high of the 0945-1000 bar
  2. or go short below the low of the same bar
  3. i defined a target profit and a stop loss
  4. i wanted only 1 trade if the first trade was a win, else try a second and final trade for the day
  5. i wanted to trade only during the 0930-1600 NYC session timeframe
  6. i was using YM instrument

  Below is my code (incorporates a lof of tweaks from the PRT community).

  I have never managed to have trades placed in the 1000-1015 bar right after the breakout bar. I repeat: the system never placed an order in that first eligible bar; the earliest would always be the 1015-1030 bar.

  I truly believe my code has mistakes, however thus far, no one was able to solve what I initially thought would be an easy set of instructions. I did make a lot of progress with a few specific brilliant minds here in the PRT community but the code never managed to place orders in the first eligible bar (1000-1015).

  If someone can point me in the right direction, I would be extremely thankful. I am new to PRT but I really like it (and the community as well), however this is becoming a very tough experience for me to believe there is still light at the end of the tunnel…

  Many thanks either way everyone.

  DEFPARAM CUMULATEORDERS = FALSE // to prevent adding to positions defparam FLATBEFORE = 094500 DEFPARAM FLATAFTER = 160000 Once MaxTrades = 2 //Once BUFFER = 0 //Once PT = 40 IF IntraDayBarIndex=0 THEN TradeCount=0 TradeOn=1 HI =0 LO =0 ENDIF If StrategyProfit>StrategyProfit[1] then TradeOn=0 EndIf If LongTriggered or ShortTriggered then TradeCount=TradeCount+1 EndIf If OpenTime=094500 then HI=High LO=Low CandleLength=HI-LO EndIf If NOT ONMARKET and TradeOn=1 and TradeCount<MaxTrades THEN If High >HI+Buffer then BUY CON CONTRACTS AT HI+Buffer limit SET STOP PRICE LO-CandleLength *stopadjuster SET TARGET pProfit PT EndIf IF Low <LO-Buffer then SELLSHORT CON CONTRACTS AT LO-Buffer limit SET STOP PRICE HI+CandleLength *stopadjuster SET TARGET pProfit PT EndIf EndIf Graph TradeCount as "TradeCount" Graph TradeOn as "TradeOn" GraphOnPrice HI as "HI" GraphOnPrice LO as "LO"

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  DEFPARAM CUMULATEORDERS = FALSE // to prevent adding to positions defparam FLATBEFORE = 094500 DEFPARAM FLATAFTER = 160000   Once MaxTrades = 2 //Once BUFFER = 0 //Once PT = 40   IF IntraDayBarIndex=0 THEN TradeCount=0 TradeOn=1 HI =0 LO =0 ENDIF   If StrategyProfit>StrategyProfit[1] then TradeOn=0 EndIf   If LongTriggered or ShortTriggered then TradeCount=TradeCount+1 EndIf   If OpenTime=094500 then HI=High LO=Low CandleLength=HI-LO EndIf   If NOT ONMARKET and TradeOn=1 and TradeCount<MaxTrades THEN If High >HI+Buffer  then BUY CON  CONTRACTS AT HI+Buffer  limit SET STOP PRICE LO-CandleLength *stopadjuster SET TARGET pProfit PT EndIf   IF Low <LO-Buffer  then SELLSHORT CON CONTRACTS AT LO-Buffer  limit SET STOP PRICE HI+CandleLength *stopadjuster SET TARGET pProfit PT EndIf EndIf   Graph TradeCount as "TradeCount" Graph TradeOn as "TradeOn" GraphOnPrice HI as "HI" GraphOnPrice LO as "LO"

   

   

   

   

   

  

  Watanabix

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  01/30/2025 at 9:09 PM #243254
  GraHal

  Did you try …

  If High >HI+Buffer  then

  BUY CON  CONTRACTS AT HI+Buffer  Stop //not Limit

  IF Low <LO–Buffer  then

  SELLSHORT CON CONTRACTS AT LO–Buffer  Stop // not limit

  

  GraHal

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  01/31/2025 at 3:13 PM #243280
  Iván

  Hello! In order to enter on the 10:00 candle, everything must be fulfilled on the 9:45 candle. This code is useful for entering on the 10:00 candle on the breakout.

  If NOT ONMARKET and opentime=094500 and TradeOn=1 and TradeCount<MaxTrades THEN HI=High LO=Low CandleLength=HI-LO BUY CON CONTRACTS AT HI+Buffer stop SELLSHORT CON CONTRACTS AT LO-Buffer stop EndIf

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  If NOT ONMARKET and opentime=094500 and TradeOn=1 and TradeCount<MaxTrades THEN HI=High LO=Low CandleLength=HI-LO BUY CON  CONTRACTS AT HI+Buffer  stop SELLSHORT CON CONTRACTS AT LO-Buffer  stop EndIf

  

  Iván

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