OCO breakout strategy

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OCO breakout strategy

Postby leeh111 » Sun Apr 09, 2017 2:00 pm

Heres a simple oco (one cancels other) strategy used for breakout trading.

the rules are:

when price breaks either high or low of candle an oco position is taken in that direction.
stoploss will be candle low (long trade) or candle high (short trade). either a set amount of take profit is taken, or trade closes at designated time of day.

Ive attached screenshot descriptions for clarity. cheers ;)

trading start time choice (i.e 8:00am gmt)
trading end time choice (i.e 17:00pm gmt)
after first trade close
lot amount
take profit amount on/off
oco strat long trade.JPG
oco strat short trade.JPG
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Re: OCO breakout strategy

Postby Apprentice » Mon Apr 10, 2017 3:32 am

Your request is added to the development list, Under Id Number 3777
If someone is interested to do this task, please contact me.
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Re: OCO breakout strategy

Postby leeh111 » Mon Apr 10, 2017 2:05 pm

in hindsight I should have suggested making some adaptions to the existing breakout strategy which which works in conjunction with the breakout indicator.


1. the stop and limit options were removed
2. close on opposite is added
3. trading end time was added

once per day can be selected as no by the user.

it would basically be the same strategy which ive requested..
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