Reply To: TREND BREAKOUT SYSTEM

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

#39359
Darren
Darren
  • Topics: 14
  • Replies: 57
  • Posts: 71

Hi Mohd.

See below for buys:

1. Price need to be above 13SMA.

CLOSE()>MA(BARS=13, CALC=Close)

2. Today’s close<Yesterdays close

CLOSE() IsDown

3. Range=Yesterdays high-yesterdays low

HIGH(1) – LOW(1)

4. Breakout filter=55% of Range

BF = (HIGH(1) – LOW(1)) * 0.55

5. Entry price =Open of today+Breakout Filter

OPEN() + BF

For sells use the opposite. For an introductory course in scripting sign in here: https://learn.optuma.com/scripting-courses/

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