Code Amibroker Indicators

Intraday Swing Trading Strategy For Robo Traders for Amibroker (AFL)

by admin January 4, 2019 3 min read 0 comments

Key Takeaways

  • Market conditions and their impact on trading decisions
  • Key levels and price action analysis
  • Risk management strategies for this setup

Best Intraday Swing Trading strategy For Robo Traders,Back testable, Compatible with any robo Software (Buy Sell Short Cover) clearly mentioned. Swing Calculated using high and low of min 9bars .Stoploss with Initial and trailing Has been Added.

_SECTION_BEGIN(“Best Intraday Strategy”);
//AFl by Viatrades
// Created by viatrades team
SetBarsRequired(sbrAll, sbrAll); SetPositionSize(1, spsShares); SetChartOptions(0,chartShowArrows|chartShowDates); _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) )); SetBarFillColor(IIf(C>O,colorDarkOliveGreen,IIf(C<=O,colorBrown,colorLightGrey))); Plot(C,"\nPrice",IIf(C>O,colorBrightGreen,IIf(C<=O,colorRed,colorLightGrey)),64|styleNoTitle,0,0,0,0); DT = DateTime(); DN = DateNum(); TN = TimeNum(); function Asign(x) { y = Null; for(i = 0; i < BarCount; i++) { y[i] = x; } return y; } Slcalc = Param("Stop Loss %", 1,0, 100, 0.01)/100; SlType = ParamToggle("StopLoss Type", "Initial|Trailing", 0); DayStart = DN != Ref(DN, -1); Dayscalc = Ref(DayStart, -9); DaysMeas = Flip(DayStart, Dayscalc); DayEnd = Ref(DayStart, 1); BY = Asign(False); SL = Asign(False); SH = Asign(False); CV = Asign(False); HGHcalc = HHV(High, 5); LVLcalc = LLV(Low, 5); LVLScalc = Null; LVLTScalc = Null; LVLTSArray = Null; HVLTSArray = Null; BYPrsV = Null; SLPrsV = Null; SHPrsV = Null; CVPrsV = Null; LSLV = Null; SSLV = Null; LSL = Null; SSL = Null; CCntr = 1; for(i = 1; i < BarCount; i++) { if(CCntr == 1 && DayStart[i] == False) { LVLScalc = HGHcalc[i-1]; LVLTScalc = LVLcalc[i-1]; } LVLTSArray[i] = LVLScalc; HVLTSArray[i] = LVLTScalc; CCntr--; if(CCntr <= 0 || DayStart[i] == True) { CCntr = 1; } } Buy = High > LVLTSArray; Short = Low < HVLTSArray; Sell = Low < HVLTSArray; Cover = High > LVLTSArray; Buy = ExRem(Buy, Sell); Sell = ExRem(Sell, Buy); Short = ExRem(Short, Cover); Cover = ExRem(Cover, Short); BuyPrice = ValueWhen(Buy, IIf(Open > LVLTSArray, Open, LVLTSArray)); ShortPrice = ValueWhen(Short, IIf(Open < HVLTSArray, Open, HVLTSArray)); SellPrice = IIf(Sell && Open < HVLTSArray, Open, HVLTSArray); CoverPrice = IIf(Cover && Open > LVLTSArray, Open, LVLTSArray); LSL = BuyPrice - (BuyPrice * Slcalc); SSL = ShortPrice + (ShortPrice * Slcalc); if(SlType == True) { HHVBy = HighestSince(Buy, High); LLVSh = LowestSince(Short, Low); LSL = IIf(Buy, BuyPrice - (BuyPrice * Slcalc), HHVBy - (HHVBy * Slcalc)); SSL = IIf(Short, ShortPrice + (ShortPrice * Slcalc), LLVSh + (LLVSh * Slcalc)); } Sell = Sell || Low <= LSL; Cover = Cover || High >= SSL; Buy = ExRem(Buy, Sell); Sell = ExRem(Sell, Buy); Short = ExRem(Short, Cover); Cover = ExRem(Cover, Short); SellPrice = IIf(Sell && Low <= LSL && Open < LSL, Open, IIf(Sell && Low <= LSL, LSL, SellPrice)); CoverPrice = IIf(Cover && High >= SSL && Open > SSL, Open, IIf(Cover && High >= SSL, SSL, CoverPrice)); PlotShapes(IIf(Buy, shapeUpArrow, shapeNone), colorBrightGreen, 0, Low, -15, 0); PlotShapes(IIf(Sell, shapeStar, shapeNone), colorRed, 0, High, -15, 0); PlotShapes(IIf(Short, shapeDownArrow, shapeNone), colorOrange, 0, High, -35, 0); PlotShapes(IIf(Cover, shapeStar, shapeNone), colorTurquoise, 0, Low, -35, 0); LongTrue = Flip(Buy, Sell) || Sell; ShortTrue = Flip(Short, Cover) || Cover; Plot(LVLTSArray, "LVLTSArray", colorGrey50, styleStaircase|styleDashed); Plot(HVLTSArray, "HVLTSArray", colorGrey50, styleStaircase|styleDashed); Plot(IIf(LongTrue, BuyPrice, Null), "BuyPrice", colorYellow, styleDashed|styleStaircase, Null, Null, 0, 1, 1); Plot(IIf(LongTrue, LSL, Null), "Long Stoploss", colorCustom12, styleDashed|styleStaircase, Null, Null, 0, 1, 1); Plot(IIf(ShortTrue, ShortPrice, Null), "ShortPrice", colorYellow, styleDashed|styleStaircase, Null, Null, 0, 1, 1); Plot(IIf(ShortTrue, SSL, Null), "Short Stoploss", colorCustom12, styleDashed|styleStaircase, Null, Null, 0, 1, 1);
_SECTION_END();

Trading Data Snapshot

Always verify current market conditions before executing any trade. Past performance does not guarantee future results.

A
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Trading analyst and market commentator with expertise in technical analysis, price action, and risk management. Dedicated to helping traders make informed decisions.

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