Range Breakout

• 07/16/2017 at 6:38 PM #40805
  Maximillion07

  Hi guys,

  it seems to be very profitable to trade the breakout of the Asia session in gbpusd when all candles stay under the ema 63 for short or when all candles stay above the ema ( dont touch it ) for long. Sl at the other side of the range or 30 pips. This should show the backtest. 1hour chart!

  I am not able to program a fixed range from 0-7 h (so the first 8 candles of the day in 1h chart) and set the orders right.

  Can someone help me?

  Thank you!

  

  Maximillion07

  Participant

  Topics: 2

  Replies: 3

  Been thanked: 0 times
  07/16/2017 at 7:32 PM #40818
  robertogozzi

  You may try this. I did not test it, so you are likely to have to make corrections, besides inserting your code to handle your strategy:

  DEFPARAM CumulateOrders = False //no more than 1 trade allowed DEFPARAM FlatAfter = 235959 //Comment this out to keep trades running overnight ONCE StartBreak = 000000 //Start of BreakOut strategy time, no trades ONCE EndBreak = 070000 //End of BreakOut strategy time, trades on ONCE NoMoreTrades = 240000 //Time to stop entering new trades ONCE MinPrice = 0 //Lowest price (initial value) ONCE MaxPrice = 0 //Highest price (initial value) IF (time >= StartBreak) AND (time <= EndBreak) THEN //Check at each bar IF close < MinPrice THEN //Update minimun if a lower closing price is met MinPrice = close ENDIF IF close > MaxPrice THEN //Update maximum if a higher closinfg price is met MaxPrice = close ENDIF ENDIF IF OnMarket THEN //Set variables to initial ZERO after entering a MinPrice = 0 // trade, so they are ready for the next break out MaxPrice = 0 ENDIF IF (time >= EndBreak) AND (time < NoMoreTrades) THEN . . //you wanna put your orders here according to . // your conditions . ENDIF

  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

  DEFPARAM CumulateOrders     = False                                   //no more than 1 trade allowed DEFPARAM FlatAfter          = 235959                                  //Comment this out to keep trades running overnight   ONCE StartBreak             = 000000                                  //Start of BreakOut strategy time, no trades ONCE EndBreak               = 070000                                  //End   of BreakOut strategy time, trades on ONCE NoMoreTrades           = 240000                                  //Time to stop entering new trades   ONCE MinPrice               = 0                                       //Lowest  price (initial value) ONCE MaxPrice               = 0                                       //Highest price (initial value)   IF (time >= StartBreak) AND (time <= EndBreak) THEN                   //Check at each bar    IF close < MinPrice THEN                                           //Update minimun if a lower closing price is met       MinPrice = close    ENDIF    IF close > MaxPrice THEN                                           //Update maximum if a higher closinfg price is met       MaxPrice = close    ENDIF ENDIF   IF OnMarket THEN                                                      //Set variables to initial ZERO after entering a    MinPrice = 0                                                       //   trade, so they are ready for the next break out    MaxPrice = 0 ENDIF   IF (time >=  EndBreak) AND (time < NoMoreTrades) THEN    .    .                                                                  //you wanna put your orders here according to    .                                                                  //  your conditions    . ENDIF

   

  Hope this is what you were looking for.

  Roberto

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17143

  Been thanked: 4033 times
• Author
  Posts