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Trendline break-out strategy


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Trendline break-out strategy

  #1 (permalink)
 Ralph07 
London UK
 
Experience: Advanced
Platform: NinjaTrader, TT
Broker: Mirus
Trading: CL, Dax, ES, Eurostoxx50
Posts: 121 since Oct 2010
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Thanks Received: 46

Hello,

I would like to know please if it is be possible to create a strategy that enters automatically in position when breaking out a trendline previously drawn on a chart. Perhaps this strategy already exists somewhere on futures.io (formerly BMT) but I can't find it...

A guy of NinjaTrader created an indicator that produces a sound when a trendline is touched by the price in achart. The file is attached, perhaps the code could help?

Thanks a lot for your answer!

Raphael

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  #3 (permalink)
kandlekid
College Point, NY (Queens)
 
Posts: 63 since Nov 2009
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Of course it is. NT already contains an AutoTrendLine indicator. But first, you'll have to define a breakout.

The question is not "can you do it", the question is, "will it be profitable" ? I (that is, we) can program a strategy to do almost anything (which of which, in terms of profitability, is an exercise in managing frustration ).

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  #4 (permalink)
 Ralph07 
London UK
 
Experience: Advanced
Platform: NinjaTrader, TT
Broker: Mirus
Trading: CL, Dax, ES, Eurostoxx50
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Hello Kandlekid,

Thanks a lot for your answer. In fact I am searching a strategy that enters in a position when the price bar go through the trendline I've previously drawn... The simple fact that the price goes through the trendline by 1-2 ticks is enough, I am not waiting the close of the bar...
Could you please tell me where I can find this autotrendline indicator? I can not find it in NT...

Thanks a lot!

Raphael

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  #5 (permalink)
 
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 JohnnyCash 
Mechanicsville, va
 
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I am looking for the same thing, any luck?




Ralph07 View Post
Hello Kandlekid,

Thanks a lot for your answer. In fact I am searching a strategy that enters in a position when the price bar go through the trendline I've previously drawn... The simple fact that the price goes through the trendline by 1-2 ticks is enough, I am not waiting the close of the bar...
Could you please tell me where I can find this autotrendline indicator? I can not find it in NT...

Thanks a lot!

Raphael


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  #6 (permalink)
thailerdurden
san antonio, tex
 
Posts: 79 since Nov 2014
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Breakline charts sure give great results in retro testing. Problem is in real world trading, when the bar changes from blue/red, the price has already moved so it is impossible to buy/sell and the hi/low of two bars ago.

I think the only way to trade it, is go short/long after the bar prints, and the next bar is setting up.

Sorry to hijack an old threat, but I did't want to start yet another thread here.

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Last Updated on October 10, 2020


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