Lower lows FTSE100 Daily
- ProRealAlgos
- Jun 8, 2022
- 1 min read
Updated: Jun 15, 2023
13 lines of code for the FTSE 100 index on the daily timeframe.
The code
defparam cumulateorders = false
entrycondition1 = low[1] < low[2] and low[1] < low[3] and low[1] < low[4] and low[1] < low[5] and low[1] < low[6]
entrycondition2 = close[0] < close[1] and (low[0] > low[1] or high[0] > high[1])
entrycondition3= close[0] < average[20]
IF entrycondition1 and entrycondition2 and entrycondition3 THEN
BUY 1 CONTRACTS AT MARKET
ENDIF
If LongOnMarket AND close[0] > close[1]THEN
SELL AT MARKET
ENDIF
This strategi works nice on Nasdaq 100 to, if the exit is changed to rsi and close is a above 200 moving avg
Small add on with reinvestment of gains 😎 //PRA Signal FTSE Bounce 05062022
//Daily time frame
//Spread 1p
//https://www.youtube.com/watch?v=Lqo2bXwkWsc&ab_channel=ProRealAlgos
//Added reinvestment
defparam cumulateorders = false
//POSISTION SIZE
REINV = 1 // reinvestement 1 = yes, 0 = no
LEVER = 1 // number of contracts
IF REINV = 0 THEN
n = lever
ELSIF REINV = 1 THEN
capital = 1000 + strategyprofit
n = (capital / 1000)*lever
IF n < 1 THEN
n = 1
ENDIF
//n = round(n)
ENDIF
entrycondition1 = low[1] < low[2] and low[1] < low[3] and low[1] < low[4] and low[1] < low[5] and low[1] < low[6]
entrycondition2 = close[0] < close[1] and (low[0] > low[1] or high[0] > high[1])
entrycondition3 = close[0] < average[20]
If…