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Breakout Range2 by Mark Vakkur
To create the system, select System Tester from the Tools menu, click New
and enter the following code:

Breakout_Range2 System

Enter Long:

lb:=OPT1; { number of periods in look back }
event:=H > HHV(Ref(H,-1),lb);
If(event AND (Ref(BarsSince(event),-1)>=lb),1, 0 )

Stops:
Inactivity:
Positions: Longs
Method: Percent
Minimum Change: 10000
Periods: OPT1

Optimization:

Name: OPT1
Minimum: 2
Maximum: 20
Step: 1

 

e-st-Breakout_Range2.gif
Note: to remove the optimization replace OPT1 in the formula and in the Inactivity stop with your desired look back period.

Cheryl C. Abram,
Equis International, Inc.
Source / From: TOP
http://www.equis.com

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