Re: Breakout system help

[Dave Nadeau <dave.nadeau@xxxxxxxxxxxx>]

Hi Erik,

EK> I  have  been  busy  for  several  days trying to code a
EK> breakout system based on the highest high and lowest low
EK> within   a   specified  timeframe,  without  succeeding.
EK> Example:  Place  a buy stop order above the highest high
EK> in  a  time  period lets say starting 11:45am to 1:15pm.
EK> The order should stay active for the rest of the day.

    I'm  just  writing  this  off  the  cuff,  outside of my
    PowerEditor.   So,  there  may  be  typos or some syntax
    problem  when  you verify.  My intent in writing this is
    to  give  you  an idea of the form for the code that you
    can work with rather than an exact solution.

    You'll need something like the following:
    
Vars:
     Max_High(0),
     Min_Low(99999);
    
{This  next  part  establishes  your  High and Low breakouts
during the time period you specified. You can make the times
Input variables and adjust as necessary}

If Time>=1145 AND Time<=1315 then begin
  Max_High=MaxList(Max_High,High);
  Min_Low=MinList(Min_Low,Low);
End;

{The  following  section  sets your entries to start at your
specified  time,  or any time that you wish, and run through
the  remainder of the trading day. You could add some amount
over  the  High  or below the Low by modifying the equations
below.}

If  Time>=1145  then  begin
    Buy Max_High Stop;
    Sell Min_Low Stop;
End;

{Finally,  this  section  resets  the  Max  High and Min Low
values at the start of a new day}

If Date<>Date[1] then begin
   Max_High=0;
   Min_Low=99999;
End;


-- 
Dave Nadeau
Fort Collins, CO