Lavoro terminato
Tempo di esecuzione 23 giorni
Specifiche
Here's a daily breakout strategy that involves placing two pending orders based on the previous day’s opening and closing prices.
The strategy includes buying when the high closing price is crossed with a trailing stop and selling when the low closing price is crossed.
Strategy Overview:
Pending Orders:
Buy pending order at the previous day's closing price (when the price crosses above the high of the closing price).
Sell pending order at the previous day's closing price (when the price crosses below the low of the closing price).
Trailing Stop:
A trailing stop will be applied to the buy order, and a fixed stop loss for the sell order can also be applied.
Steps for the Strategy:
Retrieve the previous day’s open, close, high, and low prices.
Place a buy pending order just above the previous day’s closing price and high.
Place a sell pending order just below the previous day’s closing price and low.
Apply a trailing stop for the buy order, following the price as it moves in Favor of the trade.
Trigger the orders when the price crosses the respective levels.
Con risposta
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The strategy records the highest and lowest prices within a specified duration (default 15 minutes) after the New York market opens, forming the opening range. Post-Formation Breakout: When the price breaks above or below the opening range after its formation, it may indicate the direction of the day’s price movement. Trend Confirmation: The strategy uses two EMAs (default 20-period and 50-period) as trend filters to
Informazioni sul progetto
Budget
30 - 100 USD
Scadenze
a 15 giorno(i)