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Breakout Strategy

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Re: Breakout Strategy

Postby holod86 » Sun May 13, 2012 2:13 pm

hi.
can you please add parameter to close position on end of box(day)?

thenks.
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Re: Breakout Strategy

Postby Apprentice » Mon May 14, 2012 1:57 pm

Your request is added to the development list.
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Re: Breakout Strategy

Postby mjf1288 » Wed Aug 15, 2012 2:35 pm

Hello,

I though that another parameter should be added to this strategy, which should be quite easy to do.

There should be a parameter for a direct or reverse signal. So for example, if the price breaks below the lower box line, the natural or direct signal is to SELL. The reverse signal should be to BUY when price break below the lower box line. I would appreciate this amendment very much. Thank you. ;)
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Re: Breakout Strategy

Postby Apprentice » Thu Aug 16, 2012 11:40 am

Your request is added to the development list.
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Re: Breakout Strategy

Postby arindam89 » Tue Sep 04, 2012 8:03 pm

waelsaleem wrote:Hello,

I have a request to make this strategy even better: Breakout-GMMACD Strategy:
This would be identical to the breakout strategy. The only difference is that the trade is triggered only if it is confirmed by the GMMACD indicator histogram. if the histogram (GMMACD value) is in the same direction of the trade, then the trade is triggered. Exit strategies are identical to the original strategy.

Note the diagram attached. The improved strategy would prevent the 2 potentially losing triggers that would have been otherwise triggered by the standard strategy.

This will likely prevent many losing trades triggered against the overal trend. Let me know what you think.

Great job as always.


boss great idea
but does this strategy really work?
i am getting buy signal s when the gmmacd histogram in below zero line????
can you solve it
otherwise great strategy
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Re: Breakout Strategy

Postby arindam89 » Wed Sep 05, 2012 7:50 am

vstrelnikov wrote:Strategy based on breakout indicator. Please download and install it, before using strategy.
Besides indicator parameters itself (period interval and box interval) there are several parameters
for strategy tuning. See parameters description below:

- Type of breakout - Open position after candle closes above high level, or open position immediately if incoming tick price is above high level.
- Once per day - Is strategy allowed to open positions several time during trading day.
- Excess (in pips) - Additional gap between high/low values and open price. 0 by default.

Note: Strategy don't have any 'exit' criteria except Stop/Limit orders, therefore Stop/Limit parameters are required for this strategy.

You can play with all above parameters to make the strategy most profitable.

Breakout_Strategy.png


Breakout_Strategy.lua


Please share any suggestions or comments here.

Breakout Strategy with GMMACD Filter
Take only breakouts which have been confirmed with GMMACD
Breakout_Strategy with GMMACD Filter.lua

You must have both GMMA and GMMACD installed in order to use this strategy.
viewtopic.php?f=17&t=412&hilit=GMMACD


boss Breakout_Strategy with GMMACD Filter.lua
is seriously not working good concept but strategy not working
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Re: Breakout Strategy

Postby myrialys » Thu Sep 06, 2012 8:40 am

Hi, great strategy which works... ;)
I do have developped quiet the same in MT4 but with some differences. Maybe some of them
would be fun to add.

Btw, awsome work done...

Here are some suggestions :
1. keep indicator's parameters (end and begin periods,...) instead of specirying same for both. Then
the indicator should be loaded in order to have the strategy able to trade.
2. place STOP orders directly at the end of the period, one sell stop at low leverl, and one buy stop
at high level, and delete the opposite when on of them has been triggered.
3. opportunity to move automatically SL to TP level as soon as TP has been reached, and then
trail the profit by x pips steps.
4. opportunity to close half of position and move automatically SL of remaining position to B/E.

Questions :
- what does exactly the trailing stop order parameter ? does it really move SL ? if yes, probably we
probably have to specify 0 pips as limit order.

Thanks a lot for your hard work.
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Re: Breakout Strategy

Postby mjf1288 » Thu Sep 06, 2012 2:09 pm

mjf1288 wrote:Hello,

I though that another parameter should be added to this strategy, which should be quite easy to do.

There should be a parameter for a direct or reverse signal. So for example, if the price breaks below the lower box line, the natural or direct signal is to SELL. The reverse signal should be to BUY when price break below the lower box line. I would appreciate this amendment very much. Thank you. ;)



could someone try to do this please?
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Re: Breakout Strategy

Postby PSenior » Tue Sep 25, 2012 5:45 pm

Hi, I'm experiencing problems loading the Breakout Strategy without a problem. I then tried installing the GMMA and GMMACD and experienced errors when attempting to load the files, any assistance would be appreciated.
Error Message:
131 The indicator with id BREAKOUT is not found
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Re: Breakout Strategy

Postby Apprentice » Wed Sep 26, 2012 4:25 am

Strategy is based on breakout indicator. Please download and install it, before using strategy.
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