Simple share breakout system

• 07/02/2016 at 11:58 AM #10104
  colydog

  Hi all

  new member.

  daily breakout for shares using daily timeframe.

  Using chande kroll stop as trailing stop.

  position entry is based on 5 times ATR. the % risk is a variable.

   

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated REM Money Management Capital = 40000 Risk = (a) StopLoss = Myrange // Myrange = (AverageTrueRange[14](close) * 5) REM Calculate contracts equity = Capital + StrategyProfit maxrisk = round(equity*Risk) PositionSize = abs(round((maxrisk/StopLoss))) // Conditions to enter long positions indicator1 = Volume c1 = (indicator1 > 200000) indicator2 = Average[40](close) indicator3 = Average[120](close) c2 = (indicator2 > indicator3) indicator5 = (highest[40] (high[1])) c4 = (close >= indicator5) IF c1 AND c2 AND c4 THEN BUY PositionSize SHARES AT MARKET ENDIF // Conditions to exit long positions IF CLose Crosses Under ChandeKrollStopUp[20,20,4] THEN SELL AT MARKET ENDIF // Stops and targets

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   REM Money Management Capital = 40000 Risk = (a) StopLoss = Myrange //   Myrange = (AverageTrueRange[14](close) * 5)   REM Calculate contracts equity = Capital + StrategyProfit maxrisk = round(equity*Risk) PositionSize = abs(round((maxrisk/StopLoss)))   // Conditions to enter long positions indicator1 = Volume c1 = (indicator1 > 200000)   indicator2 = Average[40](close) indicator3 = Average[120](close)     c2 = (indicator2 > indicator3)   indicator5 = (highest[40] (high[1])) c4 = (close >= indicator5)   IF c1 AND c2 AND c4 THEN BUY PositionSize SHARES AT MARKET ENDIF   // Conditions to exit long positions         IF CLose Crosses Under ChandeKrollStopUp[20,20,4] THEN SELL AT MARKET ENDIF   // Stops and targets

   

  2 users thanked author for this post.

  Nicolas, grizzly

  

  colydog

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  07/04/2016 at 8:38 AM #10160
  Nicolas

  Hi colydog,

  Thanks for joining in and sharing your strategy.

  I can see you are using volumes to determine your trade enter conditions. Do this strategy is for stocks only? Do you know some tickers that perform well with your code? Thanks again.

  

  Nicolas

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  07/05/2016 at 10:59 AM #10223
  colydog

  hi there

   

  have only used it for stocks at the moment. it is a very basic system that just tries to jump on the back of trends and where the movement is

   

  

  colydog

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