SID Name	Description	Rating	Updated
	153 DonchianBreakou	Test 4	Not Approved	2008-07-18

Notes for this Trading Account:

Rules for this Trading Account:

Notes for this Trading System:

Rules for this Trading System:

Bar event logic:

#This system is based upon the 4 week rule by Richard Donchian
#In the original system, the system was always long or short, this 
#system will trade flat when none trending.

#Rules: 
#Enter long when the close exceeds the high of the previous 20 bars
#Exit long when the close falls below the low of the previous 10 bars
#Enter short when close falls below the low of the previous 20 bars
#Exit short when the close exceeds the high of the previous 10 bars

unless (Position) {
  #we have no position, perform entry logic
  BuyOpen if ClosePrice>Yesterday(Highest(High,20));
  SellOpen if ClosePrice<Yesterday(Lowest(Low,20));
}
else {
  #We have a position
  if (LongPosition) {
    #We have a long Position, perform exit logic
    SellOpen if ClosePrice<Yesterday(Lowest(Low,10));
  }
  else {
    #We have a short Position, perform exit logic
    BuyOpen if ClosePrice>Yesterday(Highest(High,10));
  }
}