Buy on Breakout london + Partial closure

• 03/18/2020 at 11:31 AM #122434
  ChrisTourDuMonde

  Hello, i m new to automatic trading, i m trying to make a very simple strategy about london breakout, i tried many ways but it still does nt work.

  Basically : in 1 hour timeframe i look for the high and low of the 3 bars before london opening.

  if at some point the price cross the “high of the 3 hours before london opening” ->  buy 2 contracts ,

  Set stop loss at low of the “range 3 hours”  ,

  Take 50% profit (here 1 contract) at   : the high + “range distance of the 3 hours  range” and move the stop loss at high of the “range 3 hours”

  Take 50% profit (the 1 contract still in position) at : the high + 2 * “range distance of the 3 hours  range”

  Please could you help me ?

  Pictures are always the best to describe so

  • I put in attachment a picture of what i would like on the GBP USD TimeFrame 1 Hour, Friday 6 march 2020
  • The indicator i use to draw arrows for this strategy.

  London Break Out

  DEFPARAM CumulateOrders = false // Cumulating positions deactivated // The system will cancel all pending orders and close all positions at 0:00. No new ones will be allowed until after the "FLATBEFORE" time. DEFPARAM FLATBEFORE = 060000 // Cancel all pending orders and close all positions at the "FLATAFTER" time DEFPARAM FLATAFTER = 130000 CountBuy = 0 EMA25 = exponentialaverage[25] if currenttime = 080000 then max1 = high min1 = low endif if currenttime = 070000 then max2 = high min2 = low endif if currenttime = 060000 then max3 = high min3 = low endif Maximum = max(max1,max(max2,max3)) Minimum = min(min1,min(min2,min3)) if currenttime = 090000 then EMA25Price = exponentialaverage[25] endif RangeSize = Maximum - Minimum if Maximum > EMA25Price and Minimum > EMA25Price and CountBuy = 0 then if time = 080000 and CountBuy = 0 and high < Maximum then BUY 1 CONTRACTS AT Maximum stop SET STOP LOSS RangeSize SET TARGET PROFIT RangeSize BUY 1 CONTRACTS AT Maximum stop SET STOP LOSS RangeSize * 2 SET TARGET PROFIT RangeSize CountBuy = 1 endif if currenttime = 090000 and CountBuy = 0 and high < Maximum then BUY 2 CONTRACTS AT Maximum stop SET STOP LOSS RangeSize sell 1 contracts at Maximum + RangeSize limit sell 1 contracts at Maximum + 2*RangeSize limit //SET TARGET PROFIT RangeSize CountBuy = 1 endif if currenttime = 100000 and CountBuy = 0 and high < Maximum then BUY 1 CONTRACTS AT Maximum stop SET STOP LOSS RangeSize SET TARGET PROFIT RangeSize CountBuy = 1 endif if currenttime = 110000 and CountBuy = 0 and high < Maximum then BUY 1 CONTRACTS AT Maximum stop SET STOP LOSS RangeSize SET TARGET PROFIT RangeSize CountBuy = 1 endif endif //graph CountBuy graph Maximum

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96

  DEFPARAM CumulateOrders = false // Cumulating positions deactivated // The system will cancel all pending orders and close all positions at 0:00. No new ones will be allowed until after the "FLATBEFORE" time. DEFPARAM FLATBEFORE = 060000 // Cancel all pending orders and close all positions at the "FLATAFTER" time DEFPARAM FLATAFTER = 130000   CountBuy = 0   EMA25 = exponentialaverage[25]   if currenttime = 080000  then max1 = high min1 = low endif   if currenttime = 070000  then max2 = high min2 = low endif   if currenttime = 060000  then max3 = high min3 = low endif   Maximum = max(max1,max(max2,max3)) Minimum = min(min1,min(min2,min3))   if currenttime = 090000  then EMA25Price = exponentialaverage[25] endif   RangeSize = Maximum - Minimum     if Maximum > EMA25Price and Minimum > EMA25Price and CountBuy = 0 then     if  time = 080000  and CountBuy = 0 and high < Maximum then   BUY 1 CONTRACTS AT Maximum stop SET STOP LOSS RangeSize SET TARGET PROFIT RangeSize   BUY 1 CONTRACTS AT Maximum stop SET STOP LOSS RangeSize * 2 SET TARGET PROFIT RangeSize   CountBuy = 1   endif   if  currenttime = 090000  and CountBuy = 0 and high < Maximum then   BUY 2 CONTRACTS AT Maximum stop   SET STOP LOSS RangeSize   sell 1 contracts at Maximum + RangeSize limit   sell 1 contracts at Maximum + 2*RangeSize limit   //SET TARGET PROFIT RangeSize   CountBuy =  1 endif   if  currenttime = 100000  and CountBuy = 0 and high < Maximum then   BUY 1 CONTRACTS AT Maximum stop   SET STOP LOSS RangeSize   SET TARGET PROFIT RangeSize   CountBuy =   1   endif   if  currenttime = 110000 and CountBuy = 0 and high < Maximum then   BUY 1 CONTRACTS AT Maximum stop   SET STOP LOSS RangeSize   SET TARGET PROFIT RangeSize   CountBuy =   1   endif   endif   //graph CountBuy   graph Maximum

   

   

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  Dr Manhattan

  

  ChrisTourDuMonde

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