Reply To: TREND BREAKOUT SYSTEM

Optuma Forums Optuma Scripting TREND BREAKOUT SYSTEM Reply To: TREND BREAKOUT SYSTEM

#39355

Mohd
  • Topics: 9
  • Replies: 10
  • Posts: 19

Thanks Darren for reply here is the system -For Buy -If prices are above the 13 sma and today’s close is lower than yesterdays close, then if prices move up 55% of today’s range from tomorrows opening price , we buy with stoploss set at the opening price for sell reverse.

For Buy,

         1, Price need to be above 13SMA.

         2, Today’s close<Yesterdays close

        3, Range=Yesterdays high-yesterdays low  

      4, Breakout filter=55% of Range

      5, Entry price =Open of today+Breakout Filter

For Sell ,

          1, Price need to be below 13SMA  

        2, Todays close>Yesterdays close  

       3, Range=Yesterdays high-yesterdays low

        4, Breakout filter=55% of Range  

       5, Entry price =Open of today-Breakout Filter

 

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