Postby Zorak » Fri Aug 13, 2021 3:39 pm
Hi hhc,
I mainly use the Trading System: Short term volatility based Opening Range Breakout, which I copied from the book:
The Ultimate Trading Guide (J. Hill, G. Pruitt), and being a T.S. of Trend Following type, it works well in the broad phases, especially
in the trends, but unfortunately the weak point are the lateral phases, especially the rectangles, which I can quickly identify with
the indicator: TRO_DYNAMIC_FIBS_SR that signals also important supports and resistances.
When a rectangle appears, I use the breakout technique, i.e. I wait for it to break out of the rectangle to take a position.
In the book: The Ultimate Trading Guide, there are also other T.S. with complete codes in easylanguage. Other books with complete codes of T.S.
in easylanguage are: Trading Systems that Work; Building Winning Trading Systems with Tradestation (1st and 2nd editions); Rocket Science for Traders.
Many T.A. books can be found by e-mule and torrent. Sometimes these T.S. make more money by eliminating Exit Long and Exit Short (or Sell and Buytocover).