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Radiosilk's N-Cross Breakout (v2 of formerly 4-Breakout) for Amibroker (AFL)

radiosilk about 12 years ago Amibroker (AFL)

  • Rating:
    5 / 5 (Votes 2)
  • Tags:
    trading system, amibroker

This is a Surgical Strike Strategy or “Shoot and Run” type strategy.
Use this AFL on EOD and select your targets. Then on next trading
day (ie, Intraday) Buy if Price goes above High of Buy Signal Bar.
Sell – If price falls below Low of Sell Signal Bar.

1. CLOSE ALL POSITIONS ON THE SAME DAY.
2. Put Stop Loss at High of Buy Signal Bar (once the entry is taken)
3. Put Stop Loss at Low of Sell Signal Bar (once the entry is taken)
4. DO NOT TAKE ANY LOSS AND WAIT FOR A GOOD DAY.
5. This is a good strategy if you want to trade big lot size (assuming your broker doesn’t suck your blood
6. Do not expect this strategy to give any consistent results.
But if used properly it will conserve your capital. And on good days, money should pour in your account.
7. Try paper trading this system before actual trading to gain confidence and comfort level.
8. DO NOT CARRY FORWARD BASED ON THIS SYSTEM.

Hope this helps.

Screenshots

Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("Radiosilk's N-Cross Breakout");
Buy = Cover =   ( 
        Ref( Close , -1 ) > Ref( High , -4 )
        OR Ref( Open , -1 ) > Ref( High , -4 )
        OR Ref( High , -1 ) > Ref( High , -4 )
        OR Ref( Low , -1 ) > Ref( High , -4 )
    );
 
Sell = Short=  ( 
        Ref( Open , -1 ) < Ref( Low , -4 )
        OR Ref( High , -1 ) < Ref( Low , -4 )
        OR Ref( Low , -1 ) < Ref( Low , -4 )
        OR Ref( Close , -1 ) < Ref( Low , -4 )
    );
 
Buy = ExRem( Buy, Sell );
Sell = ExRem( Sell, Buy );
Cover = ExRem( Short, Cover );
Short = ExRem( Cover, Short );

shape = Buy * shapeUpArrow + Sell * shapeDownArrow;
PlotShapes( shape, IIf( Buy, colorTurquoise, colorTurquoise),0, IIf( Buy, Low, High ) );
_SECTION_END();

4 comments

1. chatpurpose
about 12 years ago

hi..it seems you forgot to plot OHLC….something like
plotOHLC(O,H,L,C,"RADIOSILK.V2",IIf(C>O,colorgreen,colorred),stylecandle);

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4. sutharnehal
about 12 years ago

guys, it is very simple. first pull the basic price chart and then drag & drop this AFL on it. you will be able to see buy/sell arrows on basic price chart.

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