This is an EasyLanguage strategy I wrote in MultiCharts.
I've only been working with EasyLanguage a couple of days so please cut me a bit of slack ;)
Basic concept:
- Monitor high/low range after open
- Take the breakout trade
- Only takes 1 trade per day
- Close any open position at end of day if still open
- No moving averages or any indicators
Strategy features:
- Configurable end of range (define opening range)
- 3 targets, each configurable
- Stop loss limit
- Check for double top/double bottoms
- Multiple entry strategies with all sorts of combinations based on yesterday's high/low, today's high/low, amount of daily atr traversed, etc etc
- Multiple exit strategies such as fixed stop, fixed target, trailing stop, price action stop, etc etc