Breakout M5 / H4 Nasdaq

• 11/03/2021 at 11:36 AM #180852
  phoentzs

  Can someone please check the functionality of my bot? Unfortunately, my coding skills are a bit limited.
  The bot is supposed to
  close crosses over (M5 timeframe)
  high (the last of a closed candle in the H4 timeframe)
  to buy.
  The last closed candle in H4 to which the high refers should be red. (close

  //Nasdaq M5/H4 Breakout //================================================ DEFPARAM CUMULATEORDERS = false defparam preloadbars = 5000 //Risk Management PositionSize=1 timeframe(4hour, updateonclose) c1 = high c2 = (Close > Open) //green c3 = (Close < Open) //red MAxx = Average[20,1](close) mylongx = MAxx > MAxx[1] timeframe(default) // trading window ONCE BuyTime = 050000 ONCE SellTime = 210000 // position management IF Time >= BuyTime AND Time <= SellTime THEN If (close crosses over c1) and c3 and mylongx Then //and not TradeOFF Buy PositionSize CONTRACTS AT MARKET SET STOP pLOSS hl //100 SET TARGET pPROFIT gl //175 ENDIF endif if time = 220000 and dayofweek=5 and (PositionPerf * PositionPrice / PipSize) >= 1 then // sell at market endif

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  //Nasdaq M5/H4 Breakout //================================================   DEFPARAM CUMULATEORDERS = false defparam preloadbars = 5000     //Risk Management PositionSize=1   timeframe(4hour, updateonclose) c1 = high c2 = (Close > Open) //green c3 = (Close < Open) //red   MAxx = Average[20,1](close) mylongx   = MAxx > MAxx[1] timeframe(default)     // trading window ONCE BuyTime  = 050000 ONCE SellTime = 210000 // position management IF Time >= BuyTime AND Time <= SellTime THEN   If (close crosses over c1) and c3 and mylongx Then //and not TradeOFF Buy PositionSize CONTRACTS AT MARKET SET STOP pLOSS hl //100 SET TARGET pPROFIT gl //175 ENDIF endif   if time = 220000 and dayofweek=5 and (PositionPerf * PositionPrice / PipSize) >= 1 then  // sell at market endif

  

  phoentzs

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  11/03/2021 at 12:31 PM #180858
  robertogozzi

  Yes, it works perfectly!

  You can append this line to check correct entries:

  graphonprice c1

  1	graphonprice c1

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  phoentzs

  

  robertogozzi

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  11/03/2021 at 10:21 PM #180906
  nonetheless

  thanks for sharing, this looks interesting.

  Here’s a variation you might want to try. Quite good over the last 5 years, a bit flat before that – can be improved I’m sure.

  Optimized on 100% data so needs more testing etc

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  phoentzs

  

  nonetheless

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  11/03/2021 at 11:00 PM #180914
  nonetheless

  this is the performance from 2017, when almost all the gains were made. Might make sense to optimize for just that period.

  

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  11/04/2021 at 10:37 AM #180933
  phoentzs

  So you enter the market with every H4 high break and don’t wait for a drop with a red candle? Do I see that correctly?

  

  phoentzs

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  11/04/2021 at 10:41 AM #180934
  nonetheless

  Yes, i tried it with either of the conditions you had (green or red) and neither seemed to help, so this enters with any break above the 4h.

  I was thinking maybe an RSI condition might help, so that it only enters near the bottom of the run? or maybe use a change of direction in the MA?

  ma > ma[1] and ma[1] < ma[2]

  1	ma > ma[1] and ma[1] < ma[2]

   

  

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  11/04/2021 at 10:56 AM #180936
  phoentzs

  Manually you would use a red candle … or maybe a lower high of the H4 candles?

  

  phoentzs

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  11/04/2021 at 11:10 AM #180937
  nonetheless

  You mean a succession of lower highs – and then the break above?

  cb3 = high < high [1] and high [1] < high[2]

  1	cb3 = high < high [1] and high [1] < high[2]

  that might work but will result in fewer trades.

  

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  11/04/2021 at 11:16 AM #180938
  phoentzs

  Right, just tested. And drawdown remains almost the same.

  

  phoentzs

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  11/04/2021 at 3:38 PM #180963
  nonetheless

  Also interesting with cumulateorders = True

  timeframe(4 hour, updateonclose) h1 = high MA = Average[p,t](typicalprice) cb1 = MA > MA[1] timeframe(1 hour, updateonclose) h2 = high timeframe(default) cb2 = close crosses over h1 cb3 = close crosses over h2 If Tradetime and cb1 and cb2 then Buy PositionSize CONTRACTS AT MARKET elsif longonmarket and CB1 and cb3 and COUNTOFLONGSHARES < PosMax then BUY positionsize CONTRACT AT MARKET ENDIF

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  timeframe(4 hour, updateonclose) h1 = high   MA = Average[p,t](typicalprice) cb1   = MA > MA[1]   timeframe(1 hour, updateonclose) h2 = high   timeframe(default) cb2 = close crosses over h1 cb3 = close crosses over h2   If Tradetime and cb1 and cb2  then Buy PositionSize CONTRACTS AT MARKET elsif longonmarket and CB1 and cb3 and COUNTOFLONGSHARES < PosMax then BUY positionsize CONTRACT AT MARKET ENDIF

   

  

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  11/04/2021 at 5:08 PM #180971
  VinzentVega

  Nice setup. It also runs in 3m too.

  

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  11/04/2021 at 5:22 PM #180974
  phoentzs

  I’ll have a look tomorrow. I use EMA15> EMA15 [1] as the H4 filter. I tested it over 10 years ago. I think that it is not optimized too much. I’m not sure about the outbreaks yet. I tested red highs when I got a big drawdown in the summer of 2019. But … same with green highs. If you take all the highs, the drawdown is almost gone. Would be nice to know why, of course. Maybe my stop is too close? I’m at 100Pips SL. In my strategies in the M15, that’s usually enough. You use 1.8% … I find that almost too far. Or what do you think?

  

  phoentzs

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  11/04/2021 at 5:25 PM #180975
  phoentzs

  @Vinzentvega Yes, it looks good in the M3. But also just knows there were no sideways phases in the time. That’s why I’m undecided.

  

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  11/04/2021 at 5:54 PM #180978
  nonetheless

  phoentzs wrote:

  I’m at 100Pips SL

  at present values, 100 points is nothing – around 0.6% – your position will close out way too soon.

  10 years ago the NAS was at 1600 so at that point your backtest would be working with a stoploss of around 6%, which no one would use. Even 5 years ago 100pts would have been over 2%

  % STOP LOSS keeps it relative to the price level, gives a more realistic picture.

  1.8% gave the lowest DD in my tests, 2% shows slightly higher profit

   

   

  

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  11/04/2021 at 6:54 PM #180983
  phoentzs

  You are right. I also use SL / TP in the DAX. It didn’t really work for me on the Nasdaq, so I use points there. I have to check that again.

  

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