svenissimo

ChannelBreakOutStrategy

Breakout channel for OANDA:EURUSD             .

Uses the open/closes not h/low and offsets the channel.
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Hey All.. I can't seem to update the permissions to make it public..
The code is VERY simple and the only difference is a use of the open/close rather than hi/lo so here... fill your boots.

//@version=2
strategy("ChannelBreakOutStrategy", overlay=true, default_qty_value=1000, initial_capital=1000)
// defaults: 1000 units on a 1000 account. No MM,
//
// Creates a chanel of 'length' based on the max of the opens and closes.. Not the high's, and the min of the open and closes.
// This channel is offset by 'offset'.
// So a 5 day channel with a 2 bar offset, is essentially the max/min opens/closes 7-2bars ago. (5 length)

length = input(title="Length", type=integer, minval=1, maxval=1000, defval=5)
off = input(title="Offset", type=integer, minval=0, maxval=1000, defval=2)

upBound = offset(highest(max(open,close), length),off)
downBound = offset(lowest(min(open,close), length),off)

plot(upBound)
plot(downBound)

if (not na(close))
strategy.entry("ChBrkLE", strategy.long, stop=upBound + syminfo.mintick, comment="ChBrkLE")
strategy.entry("ChBrkSE", strategy.short, stop=downBound - syminfo.mintick, comment="ChBrkSE")

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Hello, I like the channel strategy aspect of your strategy. Would you please share the code with me. I am trying to learn quickly and this would be a great example for me.

Thanks!
+1 Reply
svenissimo pcoughlin
@pcoughlin, check out my comment ta
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Please allow access
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svenissimo YERZHAN
@YERZHAN, check comment
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прошу разрешить доступ
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svenissimo YERZHAN
@YERZHAN, comment above
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