Mid Daily Range BO Dax mtf

• 09/06/2018 at 11:05 AM #79871
  robertogozzi

  A couple of days ago I replied to a topic by @Mert (https://www.prorealcode.com/topic/median-previous-hour-priceline-in-a-1-minute-chart/#post-79723) about mid range and decided to experiment some code on daily mid range Break Out on a 1-minute charts using the newly supported MTF.

  It simply detects yesterday’s mid range, then waits the 1-minute chart to cross over/under it, provided there’s been a previous crossover/under on 1-hour charts within a few bars (I want to eneter the second break out). This code may lack other indicators and/or trailing stops, but I think it’s a good exercise. I tested it on Dax, Bund and Cac40 and it shows some performance, while it seems not to be working good on fx pairs:

  Mid Daily Range BO Dax mtf

  // Mid Daily Range BO Dax mtf TIMEFRAME (default) DaysForbidden = OpenDayOfWeek < 1 OR OpenDayOfWeek > 5 TimeForbidden = OpenTime < 100000 OR OpenTime > 170000 //10 - 17 //////////////////////////////////////////////////////////////////////// TIMEFRAME (Daily, updateonclose) MidRange = low + (range / 2) //////////////////////////////////////////////////////////////////////// TIMEFRAME (1 hour, updateonclose) //a previous BreakOut on H1 within a few bars is required ONCE LookBack = 5 //5 PreviousHI = summation[LookBack](high[1] >= MidRange) PreviousLO = summation[LookBack](low[1] <= MidRange) //////////////////////////////////////////////////////////////////////// TIMEFRAME (default) // LONG trades a0 = PreviousHI //previous BO ok a1 = close CROSSES OVER MidRange //crossover again ax = a0 AND a1 IF ax AND Not OnMarket AND Not DaysForbidden AND Not TimeForbidden THEN BUY 1 CONTRACT AT MARKET ENDIF // SHORT trades b0 = PreviousLO //previous BO ok b1 = close CROSSES UNDER MidRange //crossunder again bx = b0 AND b1 IF bx AND Not Onmarket AND Not DaysForbidden AND Not TimeForbidden THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Sl & Tp SET TARGET pPROFIT 50 //50 SET STOP pLOSS 50 //50

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  //                           Mid Daily Range BO Dax mtf TIMEFRAME (default) DaysForbidden           = OpenDayOfWeek < 1 OR OpenDayOfWeek > 5 TimeForbidden           = OpenTime < 100000 OR OpenTime > 170000   //10 - 17 //////////////////////////////////////////////////////////////////////// TIMEFRAME (Daily, updateonclose) MidRange                = low + (range / 2) //////////////////////////////////////////////////////////////////////// TIMEFRAME (1 hour, updateonclose)  //a previous BreakOut on H1 within a few bars is required ONCE LookBack           = 5                                        //5 PreviousHI              = summation[LookBack](high[1] >= MidRange) PreviousLO              = summation[LookBack](low[1]  <= MidRange) //////////////////////////////////////////////////////////////////////// TIMEFRAME (default) //                           LONG  trades a0 = PreviousHI                                                    //previous BO ok a1 = close CROSSES OVER MidRange                                   //crossover again ax = a0 AND a1 IF ax AND Not OnMarket AND Not DaysForbidden AND Not TimeForbidden THEN    BUY 1 CONTRACT AT MARKET ENDIF //                           SHORT trades b0 = PreviousLO                                                    //previous BO ok b1 = close CROSSES UNDER MidRange                                  //crossunder again bx = b0 AND b1 IF bx AND Not Onmarket AND Not DaysForbidden AND Not TimeForbidden THEN    SELLSHORT 1 CONTRACT AT MARKET ENDIF //                           Sl & Tp SET TARGET pPROFIT 50                                              //50 SET STOP   pLOSS   50                                              //50

   

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  robertogozzi

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  09/09/2018 at 8:10 PM #80042
  JR1976

  with MFE trailing

  // Mid Daily Range BO Dax mtf TIMEFRAME (default) DaysForbidden = OpenDayOfWeek < 1 OR OpenDayOfWeek > 5 TimeForbidden = OpenTime < 100000 OR OpenTime > 170000 //10 - 17 //////////////////////////////////////////////////////////////////////// TIMEFRAME (Daily, updateonclose) MidRange = low + (range / 2) //////////////////////////////////////////////////////////////////////// TIMEFRAME (1 hour, updateonclose) //a previous BreakOut on H1 within a few bars is required ONCE LookBack = 5 //5 PreviousHI = summation[LookBack](high[1] >= MidRange) PreviousLO = summation[LookBack](low[1] <= MidRange) //////////////////////////////////////////////////////////////////////// TIMEFRAME (default) // LONG trades a0 = PreviousHI //previous BO ok a1 = close CROSSES OVER MidRange //crossover again ax = a0 AND a1 IF ax AND Not OnMarket AND Not DaysForbidden AND Not TimeForbidden THEN BUY 1 CONTRACT AT MARKET ENDIF // SHORT trades b0 = PreviousLO //previous BO ok b1 = close CROSSES UNDER MidRange //crossunder again bx = b0 AND b1 IF bx AND Not Onmarket AND Not DaysForbidden AND Not TimeForbidden THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Sl & Tp SET TARGET pPROFIT 50 //50 SET STOP pLOSS 50 //50 //trailing stop trailingstop = 7 //resetting variables when no trades are on market if not onmarket then MAXPRICE = 0 MINPRICE = close priceexit = 0 endif //case SHORT order if shortonmarket then MINPRICE = MIN(MINPRICE,close) //saving the MFE of the current trade if tradeprice(1)-MINPRICE>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MINPRICE+trailingstop*pointsize //set the exit price at the MFE + trailing stop price level endif endif //case LONG order if longonmarket then MAXPRICE = MAX(MAXPRICE,close) //saving the MFE of the current trade if MAXPRICE-tradeprice(1)>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MAXPRICE-trailingstop*pointsize //set the exit price at the MFE - trailing stop price level endif endif //exit on trailing stop price levels if onmarket and priceexit>0 then EXITSHORT AT priceexit STOP SELL AT priceexit STOP endif

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  //                           Mid Daily Range BO Dax mtf TIMEFRAME (default) DaysForbidden           = OpenDayOfWeek < 1 OR OpenDayOfWeek > 5 TimeForbidden           = OpenTime < 100000 OR OpenTime > 170000   //10 - 17 //////////////////////////////////////////////////////////////////////// TIMEFRAME (Daily, updateonclose) MidRange                = low + (range / 2) //////////////////////////////////////////////////////////////////////// TIMEFRAME (1 hour, updateonclose)  //a previous BreakOut on H1 within a few bars is required ONCE LookBack           = 5                                        //5 PreviousHI              = summation[LookBack](high[1] >= MidRange) PreviousLO              = summation[LookBack](low[1]  <= MidRange) //////////////////////////////////////////////////////////////////////// TIMEFRAME (default) //                           LONG  trades a0 = PreviousHI                                                    //previous BO ok a1 = close CROSSES OVER MidRange                                   //crossover again ax = a0 AND a1 IF ax AND Not OnMarket AND Not DaysForbidden AND Not TimeForbidden THEN BUY 1 CONTRACT AT MARKET ENDIF //                           SHORT trades b0 = PreviousLO                                                    //previous BO ok b1 = close CROSSES UNDER MidRange                                  //crossunder again bx = b0 AND b1 IF bx AND Not Onmarket AND Not DaysForbidden AND Not TimeForbidden THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF //                           Sl & Tp SET TARGET pPROFIT 50                                              //50 SET STOP   pLOSS   50                                              //50   //trailing stop trailingstop = 7 //resetting variables when no trades are on market if not onmarket then MAXPRICE = 0 MINPRICE = close priceexit = 0 endif //case SHORT order if shortonmarket then MINPRICE = MIN(MINPRICE,close) //saving the MFE of the current trade if tradeprice(1)-MINPRICE>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MINPRICE+trailingstop*pointsize //set the exit price at the MFE + trailing stop price level endif endif //case LONG order if longonmarket then MAXPRICE = MAX(MAXPRICE,close) //saving the MFE of the current trade if MAXPRICE-tradeprice(1)>=trailingstop*pointsize then //if the MFE is higher than the trailingstop then priceexit = MAXPRICE-trailingstop*pointsize //set the exit price at the MFE - trailing stop price level endif endif //exit on trailing stop price levels if onmarket and priceexit>0 then EXITSHORT AT priceexit STOP SELL AT priceexit STOP endif

  HiRoberto ,

  congrats for your strategy ,  I added a MFE trailing with DAX 5 Eur

  What do you think ?

   

  

  JR1976

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  09/10/2018 at 11:24 PM #80133
  robertogozzi

  Trailing stop is excellent. Experimenting may result in great improvements.

  You may try different values for SL & TP or even change time frames.

   

  

  robertogozzi

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