An example of an channel breakout trading system

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    Seer
    Seer
    Keymaster

    The Price Channel is a simple breakout system. As with all trend following trading systems, the price channel works well in up trends or down trends, but doesn’t work well in a sideways channel.

    Rules:
    Buy on a highest high.
    Sell on the lowest low.

    #A simple Channel breakout system
    if (not Position) {
      #Buy on the open if today is the highest high of the last 15 bars
      BuyOpen if Today(Highest(High,15))==Today(High);
    }
    else {
      #Sell on the open if today is the lowest low of the last 15 bars
      SellOpen if Today(Lowest(Low,15))==Today(Low);
    }
    • This topic was modified 8 years, 4 months ago by  jez.
    • This topic was modified 8 years, 4 months ago by Seer Seer.
    • This topic was modified 8 years, 4 months ago by Seer Seer.
    • This topic was modified 8 years, 2 months ago by Seer Seer.
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