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50 Bars Break Out System

50 Bars Break Out System
50 Bars Break Out System

//www.aflcode.com
_DEFAULT_NAME()shows the section name or, if not present, the file name.
The items in {{}} are Short cuts for the Title block.

Alternatively, use:
Title = Name() + " " + Date() + " " + "{{INTERVAL}}" + _DEFAULT_NAME() + " Chart values : " +
" Close Price = " + C +
" EMA(C, " + WriteVal(LongPer, 1) + ") = " + WriteVal(LongMA, 1.3) +
" EMA(C, " + WriteVal(ShortPer, 1) + ") = " + WriteVal(ShortMA, 1.3) +
" HHV(H, " + WriteVal(LongPer, 1) + ") = " + WriteVal(Ref(LastHigh, - 1), 1.3);
*/

PositionScore = 100 / C; /* Set the order for which stock trades when get multiple signals in one bar in backtesting */
PositionSize = - 10; /* trade size will be 10% of available equty */
SetBarsRequired(10000, 10000); /* this ensures that the charts include all bars AND NOT just those on screen */
SetFormulaName("Sample System"); /* name it for backtest report identification */
SetOption("CommissionAmount", 32.95); /* commissions AND cost */
SetOption("CommissionMode", 2); /* set commissions AND costs as $ per trade */
SetOption("InitialEquity", 100000); /* starting capital */
SetOption("MaxOpenPositions", 6); /* I don't want to comit more than 60% of Equity at any one time */
SetOption("PriceBoundChecking", 1); /* trade only within the chart bar's price range */
SetOption("UsePrevBarEquityForPosSizing", 1); /* set the use of last bars equity for trade size */

/*-------------------------------------
 Calculate Indicators
  Buy = when exp mov Avg crosses AND the High is Highest for 50 bars
  Sell = when exp mov Avg crosses back
  Cross = first variable moves above the Second variable
-------------------------------------*/
LongPer = Param("Long Period", 50, 30, 100, 5); /* select periods with parameter window */
ShortPer = Param("Short Period", 5, 3, 10, 1);
LongMA = EMA(C, LongPer);
ShortMA = EMA(C, ShortPer);
LastHigh = HHV(H, LongPer);

/*-------------------------------------
 Trade
-------------------------------------*/
Buy = Cross(ShortMA, LongMA)AND H > Ref(LastHigh, - 1);
/* ref, - 1 is used for the high to have todays high greater than the previous 50 bar high.
   To just use H = = LastHigh couold mean a previous high was equal to current high */
Sell = Cross(LongMA, ShortMA);
/* exrem is one method to remove surplus strade signals */
Buy = ExRem(Buy, Sell);
Sell = ExRem(Sell, Buy);

/*-------------------------------------
 Automatic Analysis (AA) Settings
 This formula can be used for the following purposes:
 1 - Indicator, 2 - Commentary, 3 - Scan, 4 - Exploration, 5 - Backtest, Optimize
-------------------------------------*/
TransmitOrder = False;  // Set to True to really trade!

AASettings = Status("action");
if (AASettings == 1) {
 // [Indicator]
 GraphXSpace = 10; /* create empty space of 10% top and bottom of chart */
 Plot(C, " Close Price", colorGrey50, styleBar);
 Plot(LongMA, " EMA(C, " + WriteVal(LongPer, 1) + ")", colorRed, styleLine|styleNoRescale);
 Plot(ShortMA, " EMA(C, " + WriteVal(ShortPer, 1) + ")", colorGreen, styleLine|styleNoRescale);
 Plot(Ref(Lasthigh, - 1), " HHV(H, " + WriteVal(LongPer, 1) + ")", colorBlue, styleNoLine|styleDots|styleNoRescale);

 /* styleNoRescale in the plots stops the added plots from compressing the original bar chart to the middle of the pane */
 PlotShapes(shapeUpArrow * Buy, colorGreen, 0, L, - 10);
 PlotShapes(shapeDownArrow * Sell, colorRed, 0, H, - 10);

} else if (AASettings == 2) {
 // [Commentary]
 "Closing price = " + WriteVal(Close);
 "Change since yesterday = " + WriteVal(Close - Ref(Close, -1));
 "Percent chg. since yesterday = " + WriteVal(ROC(Close, 1)) + " %";
 "MACD = " + WriteVal(MACD()) + " , Signal line = " + WriteVal(Signal());

} else if (AASettings == 3) {
 // [Scan]
 AlertIf(Buy, "SOUND C:\\PROGRAM FILES\\AMIBROKER\\BUY.WAV", "Buy", 3);
 AlertIf(Sell, "SOUND C:\\PROGRAM FILES\\AMIBROKER\\SELL.WAV", "Sell", 3);

} else if (AASettings == 4) {
 // [Exploration]
 /* We restrict results of exploration to when the Buy AND Sell signals occur */
 /* You can use Filter = 1; to display every bar result */
 Filter = Buy OR Sell;
 AddTextColumn(FullName(), "Company Name");
 AddColumn(Buy, "Buy", 1);
 AddColumn(Sell, "Sell", 1);
 AddColumn(C, "Close", 1.3);
 AddColumn(H, "High", 1.3);
 AddColumn(LastHigh, "HHV", 1.3);
 AddColumn(LongMA, "Long MA", 1, 3);
 AddColumn(ShortMA, "Short MA", 1, 3);

} else if (AASettings == 5) {
 // [Backtest] //
 SetTradeDelays(1, 1, 1, 1);
}
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