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

radiosilk

over 10 years ago

Amibroker (AFL)

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

_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();

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